What is Community Development?
Community Development Long Island (CDLI) is a nonprofit organization committed to empowering families and individuals across Long Island through accessible affordable housing solutions and comprehensive homeownership education. The organization provides a crucial suite of resources for tenants, homeowners, and property developers, thereby facilitating greater access to quality rental properties and essential financial coaching. CDLI actively collaborates with a diverse range of stakeholders, including government officials and community leaders, with the overarching goal of fostering sustainable and inclusive community development. Their core mission is to invest in the housing and economic aspirations of individuals and families, thereby promoting the creation of vibrant and equitable neighborhoods.
How much funding has Community Development raised?
Community Development has raised a total of $1M across 1 funding round:
Debt
$1M
Debt (2020): $1M with participation from PPP
What's next for Community Development?
The recent major strategic investment signifies a critical juncture for Community Development, positioning it for significant expansion and enhanced service delivery. This enterprise-level funding is expected to fuel initiatives aimed at broadening its reach within Long Island, potentially scaling its affordable housing programs and educational outreach. The organization is poised to leverage this capital to deepen its impact, further solidifying its commitment to fostering economic mobility and equitable community growth through strategic housing initiatives.
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