Not-for-profit lending
We provide financing for community-based not-for-profit organizations in human and
social services and special needs populations, as well as houses of worship.
We offer the following types of financing:
Project finance:
Finance acquisition, construction and commercial mortgages, program
facilities, special needs housing and other projects with demonstrated
reimbursement streams.
Rapid Response Program:
A special program providing fast turnaround financing for special needs
housing projects of NYS OMRDD and OMH providers, including a revolving
credit feature to accelerate site control for approved projects.
Houses of worship:
A program to finance improvements to sacred space of existing congregations
in low- or moderate-income areas. Congregation must have a minimum of
150 paying members and been in existence for at least 10 years.
Intermediaries
We are constantly seeking to expand access to finance for individuals
and communities that are not participating fully in the economic mainstream.
We often find that we can be most effective by working through a community
based organization, commonly referred to as an intermediary.
We indirectly finance affordable housing by providing financing to intermediary customers via:
