NYS CDFIs:
A Conversation on Green Lending

Free Webinar - Friday, July 31st at 10:30 AM

The NYS CDFI Coaltion is pleased to join Inclusiv; Inclusive Prosperity Capital; and New York State Energy Research and Development Authority in presenting a conversation on green lending.

Green lending will continue to occupy an increasing share of lending in the industry for the foreseeable future, and the State and local governments are introducing new initiatives to facilitate Governor Cuomo's goal of achieving carbon neutrality in our state by 2050.

The discussion will include an overview of NYSERDA tools for CDFI and Credit Union lenders and an introduction to the Smart E-Platform. 

RSVP today to learn about exciting new opportunities for New York's community development lenders and how you can help make a clean, green future a reality!

CDFIs Only: Please take the survey! 

The Federal Reserve Bank has asked the NYS CDFI Coalition to distribute an abbreviated version of their annual CDFI survey. The survey seeks to quantify the organizational impact, crisis response, and community impact of the CDFI industry during the pandemic. 

As they did in 2019, the Richmond Fed will be spearheading the administration of the survey in partnership with the CDFI Fund, which has expressed the growing need for data to help inform ongoing policy responses and other support initiatives. Other key partners include Inclusiv, OFN, Oweesta, and Neighborworks America. 

According to Federal Reserve Bank of New York, "the NYS CDFI Coalition’s support last year was crucial in garnering significant representation of New York in the survey, with the state having the third highest number of survey respondents. We continue to work towards raising awareness of the impact of CDFIs, especially those in New York, as you continue the work of quickly providing capital to communities that need it the most during this pandemic."

Please help us make sure New York's CDFIs are recognized as Financial First Responders! 

The online document will remain open to respondents until Friday, July 31, but we urge you to complete the survey at your earliest convenience.

Thank you for your consideration of this request - and for all you do in our communities. 

• English: https://richmondfrb.az1.qualtrics.com/jfe/form/SV_5uaPEkKP7yueLEp
• Spanish: https://richmondfrb.az1.qualtrics.com/jfe/form/SV_3mxmy7G68AlpGy9

CDFIs Back Homeowner Assistance Fund

The board of the NYS CDFI Coalition voted on July 21 to support the Homeowner Assistance Fund. This is part of the HEROES Act which passed the House and will be debated in the U.S. Senate soon as part of the next COVID-19 relief package.

The Fund would deliver badly needed dollars to homeowners to prevent foreclosures as a result of COVID-19. Funds would flow to State HFAs and potentially through CDFIs to help homeowners.

“Since New York’s Senators, particularly Senator Schumer, will play a pivotal role in the debate, we have an opportunity to indicate to them how important dollars to homeowners will be in recovering from COVID-19, especially as forbearance periods begin expiring,” said Howard Banker, Chief Lending Officer, Center for New York City Neighborhoods and member of the NYS CDFI Coalition board. “The Center, our partners at the Coalition for Affordable Homes, and Empire Justice Center have also endorsed this sign-on letter.”

Thanks to all who signed! The final version of the letter is posted here.