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Capital District Community Loan Fund, Inc.

255 Orange Street, #103
Albany, NY 12210

Contact: Linda Chandler, Development Manager
Phone: 518-436-8586
Fax: 518-689-0086
Capital District Community Loan Fund, Inc.

Capital District Community Loan Fund (CDCLF) is a nonprofit community development financial institution facilitating positive social and economic change throughout the Capital Region of New York State.  Since 1985, CDCLF has made over 480 loans to community and economic development projects, totaling over $22 million, and resulting in over 690 units of affordable housing created or preserved, over 140 minority and women owned businesses started or expanded, and over 850 jobs created or retained.  CDCLF also complements its lending activities with training and technical assistance services, helping to maintain a cumulative loan loss rate of less than 1.5% and a 100% repayment rate to all of its investors.


CDCLF uses its various loan programs to benefit low-income, disadvantaged or special needs communities and individuals:
Investments by individuals, as well as institutions such as Calvert Foundation, provide the lending capital to CDCLF.

Client Population

CDCLF serves New York State's Albany, Columbia, Fulton, Greene, Montgomery, Rensselaer, Saratoga, Schenectady, Schoharie, Warren, and Washington counties. CDCLF concentrates its lending activity in urban communities, while 23% of the clients are in rural communities. Microenterprise borrowers include 67% people of color (54% African American, 4% Asian/ Pacific Islander, 9% Latino, and 32% White). In addition, 52% of microenterprise borrowers are female. CDCLF does not track gender and ethnicity outside of its microenterprise loans.
Loan beneficiaries include senior citizens, children, teenagers, first-time homebuyers, homeless people, low-income entrepreneurs, developmentally disabled adults, substance abuse recoveries, AIDS patients, and single mothers.


Since inception, CDCLF has made over 480 loans for a total of over $22 million and CDCLF's efforts have also resulted in the creation of more than 690 housing units. In 2008 alone, 26 loans were made totaling over $1.6 million. Some highlights from 2008 include increased efforts to make financing available to microenterprises,


Capital District Community Loan Fund, Inc.
The word “green” takes our minds in many directions, depending on whether you are a golfer, a banker, a frog, or someone who thinks about producing real results, while sustaining the natural resources of our planet. To the Capital District Community Loan Fund (CDCLF), “lending the green” to non-profits developing green, affordable housing was a no-brainer. Full Story

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