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MidHudson News Covers Newburgh Remediation Housing Fund

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…

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Facebook, Credit and Discrimination

When talking to people about the need for a good credit score when applying for a loan I often compare it to that “permanent record” we were threatened with in our school days – you remember, “and if you do this [fill in misbehavior here] it will go on your permanent record!”  As it turns…

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New Source of Business Loans Comes with No Regulation

Starting a small business is hard work.  And one of the toughest challenges is where to find the money you need to launch your business. Using savings demonstrates that you have skin in the game – but it is very hard to save enough money to get to launch. You may have support from family…

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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;…

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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…

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Matched Savings Participant Now College Grad!

Mohammed “Uzair” Ahmed:  Matched Savings Participant and Now College Grad! Yonkers, NY  Mohammed “Uzair” Ahmed is first generation, and in June 2014 became the first in his family to graduate college. Five years earlier he participated in a special Community Capital program to assist low income students with matched savings to cover educational expenses not included…

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Yonkers Brewery Friendraiser a Big Success!

Some 125 friends gathered to celebrate the opening of our small business loan client, Yonkers Brewing Company, sampling the craft beer in pints and growlers, tasting hops, playing Pong and learning about the ways alternative lenders like Community Capital help small businesses like John and Nick’s to launch, grow and hire. Thanks to all who…

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Yonkers Brewing Company’s Grand Opening

YONKERS, NY– John Rubbo and Nick Califano, two under 30, made bringing brewing back to Yonkers their mission. With help from Community Capital, they were able to realize an unlikely dream: breaking ground on a brewery in Yonkers, the first since Dutch Shultz’s during prohibition. Community Capital makes it our mission to help businesses like…

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Community Capital New York Adds Six to the Board of Directors

      Hawthorne – Francisco Branco, District Manager for Wells Fargo Bank; Anna Georgiou, Of Counsel with McCarthy Fingar LLP with a concentration in real estate development; Robert Greene, founder and General Partner in the real estate development firm G.S. Associates; Sadie McKeown, Chief Operating Officer and Executive Vice President at The Community Preservation…

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