Nydia Velázquez (D-NY07)

Impact in the District

Between 2005 and 2023, there was $913.2 million in total lending from CDFI Fund award recipients, including $371 million in loans to businesses and entrepreneurs, $299 million in housing development and mortgage lending, $159.2 million in lending to commercial real estate and community facilities, with the balance going to other activities. For more impact data, check out the CDFI Advocacy App over at CDFI Friendly America.

Stories from the District
Independent Drivers Guild
In 2019, Capital Impact Partners awarded $25,000 to the Independent Drivers Guild through its Co-op Innovation Award. The award will help IDG members - mostly made of immigrant entrepreneurs - launch a purchasing cooperative as a means to make bulk purchases for key services as a way to get lower pricing from suppliers. For example, it is cheaper to buy 100 cars as a group then individually. By combining their needs, drivers can reduce expenses including dash cameras, car washes, fuel, oil changes and car repairs.
Nanzaram LLC
Nade Coulibaly-Doucoure is a dynamic business owner whose journey of growth and resilience has been significantly bolstered by her strategic partnership with TruFund. With a passion for creating job opportunities and improving her community, Coulibaly-Doucoure has successfully established two thriving businesses: a janitorial cleaning service and a maintenance company specializing in painting, tile floor installation, and wallpaper installation.
New Affordable Senior Housing Coming to Brooklyn
When St. Nicks Alliance faced a time-sensitive financing need to support the construction of a new affordable housing project for seniors, the Leviticus Fund was the most viable option.
Spring Bank – Frontline Pharmacy and Surgical
Story of Spring Bank borrower Frontline Pharmacy
CDFIs with Branches in the District
BOC Capital Corp.
Brooklyn Cooperative Federal Credit Union
Brooklyn Cooperative Federal Credit Union
Urban Upbound Federal Credit Union
Urban Upbound Federal Credit Union

Map of CDFI Branches and Stories in

New York Fact Sheet