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Vol. 4 - Issue 17

All Hands: Friday, September 15 - Noon on Zoom
New York's Community Decarbonization Fund

Join us on Friday, September 15, for an All Hands Zoom as we welcome David Davenport of the New York Green Bank. He’ll discuss the Community Decarbonization Fund (CDF) and how NYS CDFIs can help deliver energy equity in affordable housing.

Community Development Banks, Credit Unions, Loan Funds and Venture Capital Funds, as well as certain specialty lenders, are invited to apply for loans to capitalize clean energy projects in historically underserved communities. CDF Loans will range from $2 million to $25 million at a 1.5% fixed interest rate over a 12-year term.

We'll hope to see you at noon on Friday 9/15 - all hands on deck!

RSVP for ALL HANDS Today!

Not sure if the Community Decarbonization Fund is right for you?

Borrowers may use funds for new construction or retrofits to existing buildings if the project meets the eligibility criteria. Beyond housing, CDFIs may use the fund to capitalize loans to small and local businesses in disadvantaged communities that support building decarbonization, such as contractors installing eligible technologies in eligible projects.

Check out our blog post on how NYS CDFIs can help some 6.8 million New York households make the transition to electric heating or low-carbon fuels - especially the estimated one million low- and moderate-income households in buildings with five or more units.

Thank you to our members!

The NYS CDFI Coalition is accepting membership applications and renewals on our website for your convenience. Please consider lending your support to the NYS CDFI Coalition as a Certified CDFI, Emerging CDFI, or Non-Profit Associate Member (Advocate, Community Organization, University.)

Not sure if you're a member of the NYS CDFI Coalition? Check your membership status here!

Remember - we invite Coalition members to submit updates they would like to share with our statewide audience. These include job postings, Success Stories or Guest Posts for consideration. Thank you for all you do!

Colleen M. Ryan
Consulting Executive Director
NYS CDFI Coalition

PS: Do you need to pay from an invoice? Let me know and I'll send one.

Review previous issues of "New Developments" in the Archive.

Our Mission

Our mission is to position CDFIs as the most effective strategy and policy tool to address issues of financial inclusion, housing access and economic opportunity in New York State. Please visit our website to learn more.