Community Capital’s Entrepreneurial Pop Up Shop Encourages Residents to Buy Local

Dozens of Westchester residents stopped in to Community Capital New York’s Entrepreneurial Pop Up Shop last week to buy local for the holidays! Sponsored by Tompkins Mahopac Bank, the event, held at small business loan client Ground Floor Co-working in New Rochelle, featured more than a dozen small business loan clients of the nonprofit microfinance lender, from Posh Pretzels selling chocolate-covered treats that made the Oscar Swag bags last ...
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43 Ashburton Opens in Yonkers!

Community Capital was on hand to celebrate the opening of 43 Asburton. The Community Builders, a community partner of Community Capital New York, revitalized a run down school into modern, safe and affordable housing, retaining the unique architectural arch that made it a local landmark. NY State Assemblywoman Andrea Stewart Cousins, Yonkers Mayor Mike Spano, City of Yonkers Councilperson Christopher Johnson, James Rubin, Commissioner/CEO of NY ...
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Just in Time for the Holidays

The Harvard Business Review’s Daily Stat reports today that Merely Seeing a Box Being Opened Makes You Like What’s Inside Research participants were more interested in buying a commemorative coin that was in a little red box if they observed the box being opened, as opposed to simply seeing the coin in the open box (0.43 versus minus-0.32 on a willingness-to-buy scale of minus-5 to 5), even though there was no surprise involved: In both ...
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KeyBank Joins Community Capital and JP Morgan Chase’s Newburgh Housing Remediation Fund

Contributing $2,500 to help capitalize a Feasibility Fund for lead and asbestos testing to address the biggest barrier to redevelopment Newburgh - Community Capital New York, Inc. and KeyBank have partnered to launch the Newburgh Housing Remediation Fund, a loan fund designed to increase the supply of safe, affordable homes for families in targeted locations in the City of Newburgh as part of a broad community development effort. The ...
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Community Capital on ABC!

CommunityCapital New York's Vice President of Lending, Simone Obermaier, and loan client Mercedes Nunez, were guests of ABC's El Tiempo Spanish programming show hosted by Westchester resident Joe Torres! Mercedes, as CEO and Founder of Palisades Cleaning Service, was the first recipient of a small business loan from Community Capital's CFA Award, the Million for Main Street Fund, and has since doubled her employees from 17 to 35, and provides ...
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MidHudson News Covers Newburgh Remediation Housing Fund

Excerpted from Mid Hudson News, by reporter Hank Gross NEWBURGH – Community Capital New York and local elected officials announced the acquisition of $175,000 in funds for urban renewal and revitalization in Newburgh. Community Capital New York is a not-for-profit organization that helps local developers revitalize local urban centers in the Hudson Valley. Funding was awarded specifically for the purpose of lead and asbestos remediation, an ...
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Community Capital New York and JP Morgan Chase Celebrate Urban Renewal and Revitalization Fund

$175,000 Finances Development of Affordable Homes through lead and asbestos remediation addressing the biggest barrier to redevelopment  September 21, 2015    Newburgh - Community Capital New York, Inc. and JP Morgan Chase have partnered to launch the Newburgh Housing Remediation Fund, a loan fund designed to increase the supply of safe, affordable homes for families in targeted locations in the City of Newburgh as part of a broad ...
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Two Vice Presidents Join the Lending Staff of Community Capital

Julieta Parra McPherson and Carlos Hernandez have joined Community Capital New York as Vice Presidents, Lending. Community Capital New York is an alternative lender serving the Hudson Valley, providing start up and business expansion loans to small businesses unable to qualify for traditional financing due to the age of the business, credit or collateral issues; loans to not for profit organizations; and critical “gap” financing to affordable ...
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Community Capital Celebrates Revitalization, Opportunity in Poughkeepsie

$100,000 Loan Backs Rehab of Abandoned Home by YouthBuild Students  Community Capital New York, Inc., the non-profit community lender serving the lower Hudson Valley, celebrated the transformation of a blighted property into a newly renovated, energy efficient house at 206 Winnikee Avenue on Monday along with U.S. Senator Kirsten Gillibrand, U.S. Congressman Sean Patrick Maloney, New York State Senator Terry Gipson, Dutchess County Executive ...
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WHITE PAPER: NEWBURGH AFFORDABLE HOUSING REMEDIATION FUND 2015

Background Community Capital New York is a Community Development Financial Institution (CDFI) that serves seven counties in the Lower Hudson Valley, encompassing a wide variety of cities, towns and villages, but none of them are as compelling as the City of Newburgh. Today, Newburgh is a mix of opportunity and despair. Due to a variety of factors, the City has suffered from decades-long disinvestment, leaving it with approximately 700 ...
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