Government Grants
Business Grants
Home Owner Programs
Federal Programs
About Us
Alternatives Federal Credit Union
125 North Fulton StreetIthaca NY, 14850-3301
CDFI Awards for Alternatives Federal Credit Union
FA (2009) - $2,000,000
Alternatives Federal Credit Union is a Community Development Credit Union and a certified CDFI. Established in 1997, serves seven counties in central New York state, including the city of Ithaca. It provides a combination of financial services and products. Among the services it provides are free tax preparation, homebuyer counseling, and microenterprise development training. Alternatives will use its CDFI Program award to expand beyond its single branch location and to support higher-risk lending.
FA (2004) - $1,418,290
Federal Credit Union (AFCU) will use its award to expand its affordable housing loan activities, many of which benefit low-income families or Hot Zones. Additionally, AFCU will use its funding to expand its consumer loan volume, financial services, and business loan activities, which include a micro-enterprise program. It plans to increase its deposit base by 3.5% year over year, and double its lending activity in its low-income targeted populations and Hot Zones over the next three years.
CORE (1999) - $2,000,000
The CDFI Fund"s $1,700,000 award ($850,000 capital grant and $850,000 secondary capital investment) will be used to support the continued growth of Alternative"s programs and services and to expand to surrounding counties.
CORE (1997) - $807,000
A $57,000 technical assistance grant will be used to update software, provide computer capabilities and train staff.
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
Finding Federal Grants for Woman Owned Businesses
There are many U.S. government grants that are available today. American citizens are not just aware or familiar with it because there is not advertisement about it. This is probably because there are no funds allocated for such announcements....
Small Business Administration's Small Business Investment Companies
The Small Business Investment Companies Program revolves around the notion of developing privately owned and managed investment companies which will be licenses and regulated by the Small Business Administration, so as to provide equity capital, long term loans, and advisory services to small business requiring such services.
Social Entrepreneurship
Spotlight
When it Comes to Social Enterprises, Failure is the Best Platform for Innovation
In the world of social enterprises, failure is a cringe-worthy moment nobody wants to talk about. But, social entrepreneurs can benefit from their failures.
