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Independence Community Commercial Reinvestment Corp.
Brooklyn NYCDFI Awards for Independence Community Commercial Reinvestment Corp.
NMTC (2003) - $113,000,000
Independence Community Commercial Reinvestment Corporation will utilize its NMTC allocation to originate commercial business loans and commercial real estate loans to low-income communities. Independence"s business strategy is aimed at better responding to the needs of these low-income communities that are still significantly affected by the post 9/11 economic conditions. The NTMC Program will allow Independence to offer commercial loans with more attractive terms than currently offered by its banking parent company. These more favorable terms will include lower rates, reduced origination fees, lower debt service coverage ratio, longer interest-only periods, and non-traditional forms of collateral. These advantages will allow Independence to increase the number of commercial loans to businesses in low-income communities, as well as to increase the average size of such loans.
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
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