CDCLI Funding Corporation, Inc.

2100 Middle Country Road, Suite 300
Centereach NY, 11720


The Community Development Corporation of Long Island Funding Corporation (CDCLIFC) was created in 1997 as the lending arm of the Community Development Corporation of Long Island (CDCLI). CDCLIFC provides loans to low-income people, and women- and minority-owned businesses in Nassau and Suffolk Counties in Long Island, New York. The organization provides childcare loans, trickle up grants for startup childcare providers, IDA accounts, second mortgage loans, business façade loans and small business loans.

CDFI Awards for CDCLI Funding Corporation, Inc.


FA (2004) - $782,500

CDCLI Funding Corporation, Inc. (CDCLI) will use the award to continue to build its microlending and other business lending activities.



CORE (2001) - $800,000

The CDFI Fund"s $350,000 grant and $450,000 loan will be used to capitalize the CDCLIFC"s Section 8 Homeownership Loan pool that will assist low- and moderate-income first time homebuyers in the purchase of a home utilizing HUD"s new Section 8 Homeownership Voucher.



CORE (2000) - $600,000

The CDFI Fund"s $600,000 award ($400,000 capital grant and $200,000 loan) will increase the Corporation"s business loan fund capital and will support the development of loan products that encourage business expansion within the Corporation"s target market.



SECA (1999) - $27,500

The technical assistance award will support the CEDCLI Funding Corporation"s and its parent"s management of all lending activities under its control specifically by addressing the needs of staff training strategic planning and loan program marketing.



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