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News & Events2021-04-13T14:35:56-04:00

Community Loan Fund – News & Events

Community Loan Fund News

Community Loan Fund Celebrates 1,000th Loan!   On Friday, April 21st, the Community Loan Fund of the Capital Region reached a milestone that many CDFI's aspire to attain. We are proud to announce that we closed on our 1,000th loan! From 1985 to now, the Community Loan Fund has distributed over 73 Million dollars in loans to neighboring small businesses and non-profit organizations throughout the Capital [Read More]

ACES Incubator Expansion Groundbreaking

The Community Loan Fund was proud to break ground on the Albany Center For Economic Success (ACES) Incubator expansion project on April 27th! This new facility, which will be built adjacent to our current 255 Orange Street location, will feature co-working space, a dedicated training and technical assistance room, as well as a drop-in daycare for visitors of the incubator. "As the [Read More]

Community Loan Fund Receives 1.2 Million from U.S Treasury

The Community Loan Fund recently received 1.2 Million Dollars from the U.S Treasury Department as part of their 1.73 Billion Dollar CDFI Equitable Recovery Program (CDFI ERP). These funds are to be used by CDFI's across the country to assist low-to-moderate income communities recover from the COVID-19 Pandemic. Funds for the program were authorized by the Consolidated Appropriations Act of 2021. [Read More]

Destiny Watkins Named Director of Training and Technical Assistance

Community Loan Fund of the Capital Region is proud to announce that Destiny Watkins, currently the Manager of Training and Technical Assistance, has been promoted to the position of Director of Training and Technical Assistance. Watkins, a 2014 graduate of The College of St. Rose with her B.A in Small Business Management, has been involved with the Community Loan Fund since [Read More]

Community Loan Fund Receives Multiple Awards From CDFI Fund

The Community Loan Fund of the Capital Region is pleased to announce that we were named the recipient of $1,060,000 from the U.S Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund). The overall award amount is the sum of two separate awards from the CDFI Fund; the Financial Assistance (Base-FA) award, and the Disability Funds-Financial Assistance Award (DF-DA). [Read More]

Community Loan Fund Announces Capital Campaign

The Community Loan Fund of the Capital Region is pleased to announce the public phase of its capital campaign for our 236 Clinton Avenue expansion project. Partnering with the Albany Center for Economic Success (ACES) and Home Leasing, this project will provide four visible storefronts on Clinton Avenue, co-working space for eight, as well as 36 affordable [Read More]

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