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Homesteaders Federal Credit Union
New York NYCDFI Awards for Homesteaders Federal Credit Union
CORE (2002) - $430,000
The Fund"s financial assistance of $400,000.00 and technical assistance of $30,000.00, will enable HFCU to expand it loan products and services, especially affordable housing loan products to its target market.
SECA (2001) - $62,000
HFCU has been awarded a $62,000 Technical Assistance award to purchase an ATM machine and installation, a security system, phone system, four computers and electronic bill paying system. The credit union expects that the award will increase its efficiencies in providing services and in turn increase its loan to asset ratio, self-sufficiency, and community impact. The applicant requests and has been approved for TA above the $50,000 because relocation is a critical step in its ability to serve members and grow and the TA will expedite its evolution into a full service credit union.
SECA (1999) - $35,000
The technical assistance grant will be used to expand its ability to help tenants become homeowners through strengthening its ability to make real estate loans and increase its technical assistance to those borrowers and potential borrowers.
CORE (1999) - $200,000
The Fund"s $200,000 award (150,000 capital grant and $50,000 technical assistance grant) will help HFCU increase its lending and financial services to its low-income members.
Other Community Development Financial Institutions in New York
AAFE Community Development Fund
New York
ACCION New York
New York
Adirondack Economic Development Corporation
Saranac Lake
Akwesasne Indian Housing Authority
Hogansburg
BOC Capital Corp.
Brooklyn
Carver Federal Savings Bank
New York
CDCLI Funding Corporation, Inc.
Centereach
Citibank NMTC Corporation
New York
Commercial and Industrial Capital Corporation
Staten Island
Credit, Inc.
Bronx
GS New Markets Fund
New York
HEDC New Markets, Inc
New York
Home Headquarters, Inc.
Syracuse
Iroquois Venture Corporation
Hogansburg
JobStart Chautauqua, Inc.
Mayville
MSD New Markets, Inc
New York
Nos Quedamos
Bronx
NYCB Community Development Corp
Westbury
Progressive Neighborhood FCU
Rochester
Project Enterprise
New York
Seedco
New York
Seedco Financial Services
New York
Seneca Nation of indians
Salamanca
Sephardic Angel Fund
Brooklyn
St. Charles Borromeo Church FCU
New York
The Disability Fund, Inc.
Albertson
UA, LLC
New York
Westchester Housing Fund, Inc.
Hawthorne
Women"s Venture Fund, Inc.
New York
Featured Government Grant Resources
Small Business Administration Background
The Small Business Administration was established in 1953. Since that time the agency has dispensed millions of dollars in loans and loan guarantees, contracts, consulting assistance and other programs for small business across the United States.
Business Loans From GovLoans
The government has launched innumerable programs that are all geared towards the achievement of this goal. Some of these programs involve the provision of technical assistance, training sessions, and strategies that would potentially help business owners in marketing their products and in expanding their businesses.
Social Entrepreneurship
Spotlight
Building a Million Dollar Company Where Everyone Counts
Ganesh Natarajan is the Founder and Chairman of 5FWorld, a new platform for funding and developing start-ups, social enterprises and the skills eco-system in India. In the past two decades, he has built two of India’s high-growth software services companies – Aptech and Zensar – almost from scratch to global success.
