NY16 Stories and Data

NY16 Stories

TruFund Helps Advance Sustainable, Affordable Senior Housing in Brooklyn with Nearly $2M Investment
Profile – Brian DeYoung
Profile – Charles Brown
RUPCO Helps Address Housing Shortages in Hudson River Valley

NY16 Fact Sheet

CDFIs are absolutely critical to provide funds for residential and business loans which grow our economy.

-Kerry Quaglia, Home HeadQuarters, Inc, Syracuse, NY

As a certified CDFI and SBA lender, our organization directly serves the communities and businesses this administration is working to support. We provide capital to small manufacturers, job-creating entrepreneurs, and individuals acquiring businesses from retiring owners-the so-called “silver tsunami.” Our work helps keep vital businesses operating and people employed. CDFIs are a proven and effective mechanism for delivering capital where it is needed most. With continued federal support, we stand ready to expand our impact and remain on the front lines of economic development in underserved communities across the country.

-Bryan Doxford, Grow America Fund, New Yoirk, NY

CDFIs are a lifeline for many small business owners who cannot get traditional financing from large banks.

-Ericka Powell Sinclair, Harlem Entrepreneurial Fund, LLC, New York, NY

Map of NY16 CDFI Branches and Stories