Two Years After 9/11: A Report on the Unique Role CDFIs Are Playing in the Rebuilding of Lower Manhattan

Two Years After 9/11: A Report on the Unique Role CDFIs Are Playing in the Rebuilding of Lower Manhattan

The September 11 terrorist attacks wreaked havoc on small businesses and nonprofits in Lower Manhattan. But a report from the National Community Capital Association and shows how community development financial institutions (CDFIs) supported many of these businesses and organizations in the months that followed by distributing $49 million in loans, grants, and wage subsidies. Two Years After 9/11: A Report on the Unique Role CDFIs Are Playing in the Rebuilding of Lower Manhattan (20 pages, PDF) documents the efforts of Seedco, Primary Care Development Corporation, ACCION, and other CDFIs that work to help underserved and distressed markets and profiles six small merchants and nonprofits that most likely would not have survived without such assistance.