Yvette Clarke (D-NY09)

Impact in the District

Between 2005 and 2023, there was $578.7 million in total lending from CDFI Fund award recipients, including $140.2 million in loans to businesses and entrepreneurs, $307.1 million in housing development and mortgage lending, $72.9 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
Home Ownership is Near for Long-Time Renters on New York City’s Lower East Side
Amidst record-high rental rates and limited affordable housing opportunities, some New York City residents are finding hope in the Affordable Neighborhood Co-op Program (ANCP). LISC New York helped the nonprofit Asian Americans for Equality (AAFE) secure $9.6 million in construction financing to renovate three downtown Manhattan buildings and convert them to affordable for-sale housing. Following two years of renovation, existing tenants at East 12th Street are preparing to purchase shares in their future cooperative building.
Kings Theater
The Kings Theatre opened in 1929 in the Flatbush neighborhood as one of the five Loew’s ‘Wonder Theatres’ constructed in New York and New Jersey. It was designed by architecture firm Rapp & Rapp as an entertainment palace where films and vaudeville acts were presented amidst lavish interiors inspired by the Palace of Versailles and the Paris Opera House. The Theatre closed its doors to the public in 1977 and was acquired by the City of New York in 1983. In 2008, NYCEDC launched a competitive search for an entity to undertake a major restoration and renovation to restore the Theatre as an economic engine and cultural hub to the Flatbush neighborhood.
Little Green Gourmet
GAF Assists a Small Business Serve Lunch to New York City Schools
Prospect Lefferts Gardens
$522K Loan Revitalizes Historic Mixed-Use Building, Enhancing Brooklyn's Community Legacy
CDFIs with Branches in the District
BlocPower
CAMBA Economic Development Corporation
Carver Federal Savings Bank
Carver Federal Savings Bank
Ponce Bank

Map of CDFI Branches and Stories in

New York Fact Sheet