FOR IMMEDIATE RELEASE
June 30, 2021
Julie Fahnestock, Director of Marketing & Communications
Community Capital New York
Community Capital New York Names Teresa V. Jankovic, CPA, as Interim CEO
(Elmsford, New York) Community Capital New York, a nonprofit lender, and Community Development Financial Institution (CDFI), is proud to announce the new leadership of Interim CEO Teresa V. Jankovic, CPA. Since 2018, Ms. Jankovic has served as a Board Member on the Community Capital New York Board of Directors, offering her expertise on the Finance Committee and Impact Investment Fund. With more than 25 years of global finance and visionary leadership experience, Ms. Jankovic brings a commitment to community service – and the Hudson Valley—to the Community Capital New York team. Her immediate plans are to expand the organization’s reach to communities of color through strategic partnerships, grow the media presence, and deepen her understanding of current product offerings.
“The Hudson Valley has been my home for 30 years. I care deeply about maintaining the rich diversity of the Hudson Valley. The work of Community Capital New York in support of small businesses and affordable housing expands and supports this diversity. I am extremely excited to build on the rich foundation established by Kim Jacobs and guide Community Capital New York to the next 30 years,” says Teresa Jankovic, Interim CEO of Community Capital New York.
Ms. Jankovic leads Community Capital New York as the second CEO after 30 years of leadership and the forthcoming retirement of President and CEO Kim Jacobs.
“I am happy to have Teresa Jankovic join Community Capital New York as Interim CEO. Her professional experience and her time on our Board of Directors make Teresa professionally qualified to step in and assist Community Capital New York during this transitional time. Our clients and colleagues are in good hands,” says Kim Jacobs.
Community Capital New York Board Chair, William M. Merz IV, echoes Kim Jacob’s sentiment: “Teresa Jankovic has been an engaged Board Member since joining us in 2018. We are extremely grateful that Teresa – given her leadership skills, experience, and commitment to our mission and constituents – is willing to serve as our Interim CEO. We have had the great fortune of strong leadership and management – first under Kim Jacobs since the organization’s genesis in 1989 – and now under Teresa. Kim and Teresa are both devoted to serving and impacting our communities. On behalf of the Board, we want to thank Kim Jacobs for her 32 years of tireless service, and we look forward to building the future with Teresa.”
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 $42 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 8800 people who earn 80 percent or less than the region’s median income, over 5,700 jobs, and support for more than 300 local businesses. Learn more about Community Capital New York here.