construction Archives - Community Loan Fund of the Capital Region

Anderson Construction bids on bigger jobs – with help from the Community Loan Fund of the Capital Region

December 20, 2019 December 20, 2019Borrower Bios

This small family-owned construction company wanted to bid on larger jobs, but, as the saying goes, ‘You have to spend money to make money.’ A revolving line of credit from the Loan Fund will help Anderson Construction cover labor expenses related to a large affordable housing project they have just been awarded. The project will take place in several phases, and could include as many as 89 new units. It’s a great addition to their portfolio, and could help them scale up for future projects.

Pember Library & Museum builds addition, with help from the Community Loan Fund

December 13, 2019 January 10, 2020Borrower Bios

This year, the Pember Library & Museum completed renovations to the 110-year old building to make it ADA compliant, with support from the Community Loan Fund.

Community Loan Fund of the Capital Region expands incubator facility onto Clinton Avenue

November 18, 2019 November 22, 2019News

The Community Loan Fund of the Capital Region has announced plans to construct a $12 million addition to its incubator facility. The incubator expansion will create more space for businesses owned by minorities, women, and people of low income, as well as affordable housing for local families.

Cambridge Food Co-op shores up store

October 17, 2019 December 5, 2019Borrower Bios

The Cambridge Food Co-op has been serving the community since 1978. This year, with help from the Community Loan Fund they were able to tackle some important capital improvement projects and shore up the store for future generations.

Out of the Pits rescues dogs and changes the way we think about pit bulls

July 30, 2019 November 18, 2019Borrower Bios

Out of the Pits was founded in 1998 to rescue pit bulls. Today, more than 6,000 pit bulls have been saved by this growing organization. In 2018, the Community Loan Fund of the Capital Region loaned this non-profit the funds to build a new kennel – making it possible for them to save even more pups.

Habitat for Humanity levels up Sheridan Hollow

July 22, 2019 November 18, 2019Borrower Bios

In 2015, Habitat for Humanity of the Capital District, with $600,000 in financing from the Community Loan Fund of the Capital Region, completed the construction of 13 affordable, energy-efficient homes in Albany’s Sheridan Hollow neighborhood. This project was just the latest phase of residential development for this neighborhood, with included the construction of 30 Habitat homes including both new construction and rehab.In 2015, Habitat for Humanity of the Capital District, with $600,000 in financing from the Community Loan Fund of the Capital Region, completed the construction of 13 affordable, energy-efficient homes in Albany’s Sheridan Hollow neighborhood. This project was just the latest phase of residential development for this neighborhood, with included the construction of 30 Habitat homes including both new construction and rehab.

New “Jobsite Financing” program keeps MWBE contractors on the job

June 28, 2019 June 28, 2019News

Albany, NY – Construction is big business in the Capital Region, but it also takes a big investment. This week, The Community Builders, Schenectady Works, and the Social Enterprise and Training (SEAT) Center announced a new partnership with the Community Loan Fund of the Capital Region to offer a financing…