Capital Resources: is a
not-for-profit Community Development Financial Institution (CDFI) established
in 1989 to bring financial, technical and educational resources to affordable
housing and community and economic development initiatives in the lower Hudson
Valley. They achieve these objectives through a variety of programs
including: affordable housing lending; support for micro-businesses including grants,
loans and technical assistance; and the encouragement of asset building for
low-income families and communities through our financial literacy education
program, our support of Volunteer Income Tax Assistance and our Individual
Development Account program.
Small Business Fund: Small
businesses in Rockland and Westchester Counties that cannot qualify for
traditional bank financing are urged to consider an economic development-based
loan program. The Westchester/Rockland Revolving Loan Fund Program was
established and funded by New York State's Empire State Development and is
locally administered by Rockland Economic Development Corporation (REDC). The
funds are specifically available to only those small businesses that have been
declined by traditional lending institutions, or would otherwise not qualify
for a loan or for the full amount requested. Business loans start at $2,500,
and can be used for a broad variety of purposes such as working capital,
inventory and equipment.
For more information contact: Steve Porath Director of Economic Development
Phone: 845-735-7040 Fax:
845-735-5736 E-mail: firstname.lastname@example.org or
download the application.
Owners of historic income-producing
real property, such as the Downtown Historic District, may qualify for an
income tax credit for rehabilitating the property from the state and/or federal
government. The link below provides more details.