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Leviticus 25:23 Alternative Fund, Inc.
33 W Main St, Room 205Yonkers NY, 10523-2413
CDFI Awards for Leviticus 25:23 Alternative Fund, Inc.
FA (2009) - $2,000,000
Leviticus 25:23 Alternative Fund is a nonprofit loan fund in operation since 1983 that provides financing for housing, community facilities and resident-owned co-ops. It is a certified CDFI serving a target market of low-income targeted populations in New York, New Jersey and Connecticut. The applicant requests $1,634,886 in Financial Assistance.
TA (2007) - $66,430
Leviticus 25:23 Alternative Fund, Inc. (LAF) is a certified CDFI established in 1983. LAF provides non-profit community based organizations with affordable housing and community facilities construction financing targeted to low income populations in New York, New Jersey and Connecticut. LAF will use its FY07 TA grant to: 1) obtain consulting serivces to design its internal strategy for a new residential mortgage product; 2) pay for staff training in homeownership education and counseling; and, 3) purchase computers, equipment and printed marketing materials.
FA (2005) - $902,500
Leviticus 25:23 was awarded a total of $902,500 to support its lending activities to affordable housing developers.
TA (2004) - $47,032
Leviticus 25:23 Alternative Fund, Inc. (LAF) will use the award to obtain consulting services to design marketing materials, develop online systems, install computer and telephone cabling; purchase computer and technical equipment; staff loan underwriting training; and, fund staff time allocated to the development and implementation of internal operating systems.
CORE (2001) - $550,000
The CDFI Fund grant of $350,000 and loan of $200,000 will allow Leviticus to expand its lending to targeted cities in New Jersey and Connecticut, in addition to its current market.
CORE (1997) - $250,000
A grant of $250,000 from the CDFl Fund will be used by Leviticus to expand its lending to child care providers and to develop a small business loan pool targeted to low income entrepreneurs.
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