5,652 loans and investments totaling $361.3 million in the district in 2022
Stories from the District
Atlantic Avenue Industrial Center
Brooklyn,
New York
Enterprise Community Loan Fund
Greenpoint Manufacturing and Design Center (GMDC) renovated a 50,000 sq. ft. industrial building to create a manufacturing facility for several small-scale manufacturers. Located in Crown Heights Brooklyn just a few blocks from public transportation, the facility provides affordable space, for woodworkers, custom frame builders, metal workers, ceramic artists, and other artisanal trades. The renovated facility will achieve LEED Silver certification.
Steph Wiley has been an entrepreneur almost as long as he’s been a New Yorker—and he’s been a New Yorker his entire life. At first, Steph owned a dog-walking business in lower Manhattan for more than 10 years before starting a community organizing business with his partner.
Shortly after Sandy made landfall in New Jersey, the Low Income Investment Fund (LIIF) committed $1 million to relief for communities ravaged by the hybrid storm.
TruFund Helps Advance Sustainable, Affordable Senior Housing in Brooklyn with Nearly $2M Investment
East Brooklyn,
New York
TruFund Financial Services
TruFund Financial Services, Inc., has successfully closed on nearly $2 million in financing to support the predevelopment of a groundbreaking affordable housing project in East Williamsburg, Brooklyn. The project—spearheaded by nonprofit developer St. Nicks Alliance - will result in a 14-story, 185-unit affordable multifamily building exclusively for seniors earning below 60% of the Area Median Income.
