Local advocates urge federal government not to strip “Community” out of the Community Reinvestment Act

“The CRA is a vital economic development tool, helping us halt the cycle of disinvestment that has plagued these communities for decades. Changing this law will suppress our ability to affect change here, and undo years’ worth of progress we’ve already made in these communities,” says MacFarlane.

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

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.

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Community Loan Fund of the Capital Region wins $800,000 in REDC funding for incubator facility onto Clinton Avenue

The Community Loan Fund is proud to announce that the business incubator expansion project has received $800,000 as part of this year’s REDC Awards. The project is one of 120 project in the Capital Region. The Capital Region was a top performer, snagging $84.1 million in funding.

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

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.

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Joyful Beginnings opens second location to meet childcare demand in Capital Region

Joyful Beginnings Early Education Program

Joyful Beginnings Early Education Program is a daycare center built on the premise that every child needs to be nurtured as an individual. The not-for-profit provides care for preschool age children, 91% of whom receive substantial DSS support. In 2019, Joyful Beginnings opened a second location in Waterford with assistance from the Community Loan Fund of the Capital Region.

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Wilbur Session, owner of WJ’s Ultimate Cleaning, makes a clean sweep

Wilbur Session’s company WJ’s Ultimate Industrial Cleaning and Floors has nearly tripled in size since he started it in 2015. With a loan from the Community Loan Fund of the Capital Region, Session was able to purchase equipment and turn a part-time enterprise into a large successful company with 5…

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Beautiful and unusual: Makeup Curio makes up witches one day and brides the next

At Makeup Curio, Jenn Dugan “blends the beautiful and the unusual,” and provides a mix of makeup and esthetic services. Her services include special occasion makeup – and special effects makeup. Dugan earned a Bachelor’s Degree in Fashion Design from Marist College, an Associates in Business Administration from Schenectady County Community College and her NYS Esthetics License. She opened the Makeup Curio in downtown Schenectady in 2017 with a loan from the Community Loan Fund.

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

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…

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