(Elmsford, New York) Community Capital New York, a nonprofit and innovative lender and Community Development Financial Institution (CDFI) is proud to announce the new leadership of President and CEO, Farshad Maltés.
With more than 25 years of community & economic development experience, Farshad Maltés joins Community Capital New York as the second leader to hold the CEO role. Hailing from Wisconsin with a career rooted in community-based lending and partnership, Farshad brings forward a new vision and lending solutions to help expand our mission and better meet our community’s needs. As a Puerto Rican, creating wealth-building opportunities for Communities of Color drives Farshad’s vision and work.
“Community Capital New York has a wonderful, 30-year foundation in serving Westchester County and the Hudson Valley through its microlending and affordable housing efforts. I know that together with our partners, we can expand our mission of wealth-building opportunities for the people in our community who need it most,” says Farshad Maltés, President and CEO, Community Capital New York.
Mr. Maltés previously served as Director of Strategic Business Development at the Wisconsin Housing and Economic Development Authority (WHEDA) in Madison. While at WHEDA, Farshad, built a $575 million portfolio of economic development financing utilizing New Market Tax Credits. He is committed to increasing capital access for People of Color and understands the importance of CDFIs in this role, like Community Capital New York. Most recently, Mr. Maltés spearheaded a pilot program to finance single-family mortgages with the Urban League of Greater Madison (ULGM).
“Farshad Maltés joins Community Capital New York as our new President and CEO after serving similar constituents for the last 24+ years. He led at the Wisconsin Housing and Economic Development Authority, leading various wealth-building programs, including affordable housing, micro-lending, small business lending, and entrepreneurial support. The Board has had extensive conversations with Farshad, and we are very confident about the growth opportunities and expansion of our impact under his leadership,” says William M. Merz IV, Community Capital New York Board Chair.
About Community Capital New York, A Nonprofit Lender For 30 Years
Community Capital New York works to create a thriving, inclusive, and equitable economy where all people have access to build wealth and prosperity for themselves, their families, and communities. A nonprofit lender and Community Development Financial Institution (CDFI), Community Capital New York provides flexible, fair, and transparent loan products and resources to affordable housing developers and small businesses, typically excluded from current systems in Westchester County and the Hudson Valley. Community Capital New York is an SBA-lender and a Community Development Financial Institution (CDFI) certified by the U.S. Department of the Treasury. Since its inception, Community Capital New York has invested over $46 million to increase the supply of affordable homes and foster the growth of small businesses in Westchester and the Hudson Valley. Their programs have resulted in safe and affordable homes for more than 10,000 people who earn 80 percent or less than the region’s median income, over 7,000 jobs, and support for more than 550 local businesses. Learn more about Community Capital New York here. Learn more about Farshad Maltés on the Community Capital New York blog and team page. Connect with him here.