NY Coalition of Community Development Financial Institutions

2010 Annual Conference: "Expanding Economic Opportunity in New York State"

ALBANY, NY (05/13/2010)(readMedia)-- Highlighting the Work of Non-Profit Financial Institutions That Provide Access to Capital in Underserved Communities

WHO:

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

A statewide gathering of over 100 leaders 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 leaders from New York’s CDFI community, along with officials from state and federal agencies, to learn about best practices that have been developed to promote green lending, domestic microfinance, foreclosure prevention, homeownership counseling, affordable housing development, non-profit financing, and much more!

Monday, May 17, 2010, 10:00 am – 6:00 pm

Tuesday May 18, 2010, 9:00 am – 1:00 pm
WHEN: Monday May 17, 2010 at 10:00AM Eastern Time (US & Canada)
WHERE: Holiday Inn Downtown Albany
300 Broadway
Albany, New York 12207
NOTES:

INTERVIEW  OPPORTUNITIES: CEOs from major New York State CDFIs

NY State Senator Brian Foley, chairman, Senate Banking Committee andFederal and State Housing and Small Business Agency Representatives

WHAT IS A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI)? CDFIs are 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.

ABOUT THE COALITION: This coalition 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