NY22 Stories and Data

NY22 Stories

Pantora
Brooklyn Cooperative Federal Credit Union provided Andrea Pitter with early working capital and subsequent financing that helped Pantora grow from a one-person bridal business into a nationally recognized company. In 2022, Brooklyn Coop financed Pantora’s purchase of its permanent Flatbush headquarters.
Fairfield by Marriott Verona Turning Stone
Clearinghouse CDFI provided $11.7 million to Benchmark Development for acquisition of the 93-room Fairfield by Marriott on the Oneida Nation Reservation in Verona. Oneida Indian Nation acquired the underlying property and established a ground lease, expanding Native ownership while retaining permanent jobs and supporting regional tourism.
Napollo Software Design
CRF provided Napollo Software Design with financing through the NYC Future Fund to refinance debt and supply working capital for the growing technology company. The financing helped Napollo hire employees, invest in business development, establish dedicated office space, and support jobs.
LenPick
CRF partnered with LenPick to create a referral pathway for entrepreneurs seeking SBA financing to open franchise businesses. The partnership has provided nearly $1 million in SBA 7(a) financing to four businesses while supporting jobs.

Map of NY22 CDFI Branches and Stories

Thank you to our partners at Inclusive and CDBA for sharing data on CDFI Bank and CDFI Credit Union branch locations. In addition, about 100 of our CDFI Stories come from OFN’s story database.

NY22 Investment Map

CDFI Investment Map

Mapped CDFI investment data (2005-2023), via the CDFI Coalition's partnership with CDFI Friendly America.

CDFI Advocacy App

Want more state data? Check out CDFI Friendly America's mobile-friendly CDFI Advocacy App for impacts from 2005-2023.

NY22 Fact Sheet

Fund program has been instrumental to Cooperative Federal’s work over the years, helping us reach more people and have a bigger impact on our local neighborhoods.

Renald Dupuis, Cooperative Federal Credit Union, Syracuse, NY

We cannot abandon Community Development Financial Institutions (CDFIs), who do measurable, positive work in our communities.

Jill Hurst-Wahl, Hurst Associates, Ltd., Syracuse, NY

CDFIs benefit communities like Syracuse, which have experienced economic decline due to the withdrawal of large employers (like Carrier, GE, etc.) but are also seeing revitalization.

Lisa Saka, Resident, Syracuse, 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