Community Capital New York was established in 1989 as part of a United Way task force to fund fair and affordable housing solutions in Westchester Country and the Hudson Valley. Since then, we have provided over $26 million in low-cost, often unsecured pre-development loans and gap financing to foster the creation of over 4,900 affordable homes for 13,000 area residents who earn 80% or less of the area median income.
In 2003, we expanded our operations and began working with entrepreneurs. In 2007, we received the SBA certification to offer small business loans as an SBA-preferred lender. Over the last 15 years, we have extended over $11 million in loans and credit builder products to over 550 start-ups and existing businesses that have created or retained over 5,700 jobs throughout the Hudson Valley. Learn more about our impact here.
Our loans are paired with free, ongoing guidance, financial coaching, and business training services to ensure sustainable results, economic self-sufficiency, jobs for the community, neighborhood revitalization, and tax revenues for our municipalities.