Renaissance Economic Development Corporation

New York NY


Renaissance Economic Development Corporation provides loans and technical assistance to small businesses in three New York City Boroughs -- Brooklyn, Manhattan, and Queens -- particularly start-up businesses that are owned and operated by women and minorities.

CDFI Awards for Renaissance Economic Development Corporation


CORE (2002) - $600,000

The $100,000 grant and $500,000 loan from the Fund will enable Renaissance to continue to provide these products.



CORE (1999) - $340,000

The CDFI Fund"s $340,000 capital grant will help REDC to expand beyond small business lending and begin to provide real estate loans of up to $100,000 to owners of mixed-use properties that house low-income residents.



SECA (1998) - $48,000

Funds from the CDFI Fund"s technical assistance grant will be used to build REDC"s capacity and internal systems in support of its new housing lending initiative. Specifically, the grant will be used to provide staff training and additional technology. It will also fund product design and development and a market and organizational analysis.



CORE (1997) - $300,000

A grant of $300,000 from the CDFI Fund will help REDC reach its capitalization goal and allow REDC to extend loans to emerging businesses and housing developers serving targeted neighborhoods.



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