4th Annual New York State CDFI Coalition Conference

Highlighting the Work of the State's Non-Profit Financial Institutions That in Challenging Economic Times Continue to Provide Access to Capital in Underserved Communities

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ALBANY, NY (05/13/2011)(readMedia)-- The New York Coalition of Community Development Financial Institutions and the National Federation of Community Development Credit Unions will be holding their 4th Annual State Conference -- "Creating Economic Solutions--Transforming Communities" Monday and Tuesday, May 16 & 17. Monday from 10 am to 6 pm. Tuesday from 9 am to 1 pm.

WHO:

The New York Coalition of Community Development Financial Institutions and the National Federation of Community Development Credit Unions
WHAT:

A statewide gathering of leaders of from community development financial institutions (CDFIs) from across New York State; organizations dedicated to serving low- and moderate-income, urban and rural communities, both upstate and downstate. With the economic downturn affecting millions of New Yorkers, CDFIs face increasing demand for their responsible loans and asset-building services. This conference is an opportunity to hear from the leaders around the state who are impacting the financial health and economic security of low-income New Yorkers in housing, small business, primary care, non-profit and responsible consumer finance.
WHEN: Monday May 16, 2011 at 10:00AM Eastern Time (US & Canada)
WHERE: Crowne Plaza Hotel
40 Lodge Street
Albany, New York 12207
NOTES:

INTERVIEW OPPORTUNITIES:

Lieutenant Governor Robert Duffy

Melanie Stern, Director, New York State CDFI Coalition

Executives of New York State Community Development Financial Institutions

Joseph Gallo, Vice President & Director, Community Investment, Federal Home Loan Bank of New York

Stephen Cohen, Vice President, Economic Development, Empire State Development Corporation

WHAT IS A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI)? CDFIs are US Treasury Certified financial institutions with a special mission of serving underserved communities and people of modest means. They provide a range of affordable financial services and loans to consumers, homeowners, small businesses and community organizations that finance affordable housing and community facilities. CDFIs specialize in making the types of loans that banks cannot or will not make, either because they lack presence in low-income communities or because borrowers do not conform to conventional underwriting criteria. CDFIs include community development credit unions (CDCUs), housing funds, small business lenders, primary care facilities developers and non-profit funders.

ABOUT THE COALITION: This coalition was created in 1995 and is made up of leaders from credit unions, loan funds, microfinance groups, venture capital funds, and community banks and is staffed by the Federation of Community Development Credit Unions