Provide unique access to financing and business training to nonprofit organizations, small businesses, and entrepreneurs in partnership with community-minded stakeholders, helping deliver essential services to the economically underserved in the Capital Region of New York State.
A $725,572 grant for solar-panel construction on affordable housing is the clearest marker of how Community Loan Fund of the Capital Region Inc works: it uses financing to move projects from planning into built space. The funder’s recent activity centers on affordable housing, small business support, and nonprofit project finance across the Capital Region, with grants and loans tied to construction, renovation, energy upgrades, and working capital. Its largest recent awards also show the same pattern in housing finance, including $600,000 to Tap Inc in Troy for affordable housing and $533,334 to an Albany affordable-housing project. The foundation’s work is not limited to one type of borrower. It backs nonprofit organizations, small businesses, and community development efforts, and it also administers COVID-era small business assistance in the region. Recent grants include support for Albany Community Land Trust and Albany Center for Economic Success, both tied to housing or construction-related work. The throughline is access to capital for projects that are difficult to finance through conventional channels, especially where community-serving property, business growth, or essential services are involved.
Affordable housing is a major thread in the foundation’s grantmaking. It gave $600,000 to Tap Inc in Troy for affordable housing, and $360,000 to Albany Community Land Trust in Albany for affordable housing. A separate Albany affordable-housing grant of $533,334 reinforces that this is a recurring financing priority. Construction and energy improvements also appear in the portfolio. The largest recent grant, $725,572 to an Albany affordable-housing project, was for solar panels and construction. The foundation also awarded $213,085 to Albany Center for Economic Success for a construction project. Small business recovery is another visible area. It distributed $191,000 to various nonprofits in Schenectady for COVID grants for small businesses, and its programs include small business loans and administered relief grants for businesses affected by the pandemic.
Typical grants are mid-sized to large: the 25th percentile is $44,538, the median is $64,151, and the 75th percentile is $202,042. That spread shows a mix of smaller awards and project-scale financing. The funder gives locally and all recorded recipient grants go to New York. Several recipients recur across years, including Albany Community Land Trust at $360,000 and $64,151, which points to repeat support for the same housing effort rather than one-off giving only. The organization also operates as a loan fund, and its active programs accept unsolicited requests.
$1.6M
$25M
$3.8M
$3.5M
Most grants fall between $45K and $202K, with a median of $64K.
25th Percentile
$45K
Median
$64K
75th Percentile
$202K
LINDA MACFARLANE
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Grantmaking is concentrated in New York, with 100% of recorded grants going to recipients in the HQ state. Albany appears repeatedly, including awards tied to affordable housing and a construction project. Troy is another recurring location, through both a $600,000 housing grant and the city-partnered small business program. Schenectady also shows up in the recent grants list through COVID-related small business support, while Elizabethtown appears in an affordable-housing grant.
The foundation backs affordable housing, small business lending, nonprofit loans, community development projects, training and technical assistance, and emerging investor mobilization. Recent grants also show support for construction, solar panels, and COVID-related small business recovery.
Typical grants fall in a mid-sized project range: the 25th percentile is $44,538, the median is $64,151, and the 75th percentile is $202,042. Recent awards range from smaller grants under $10,000 in program administration to housing awards in the hundreds of thousands.
It funds some repeat recipients. Albany Community Land Trust appears more than once in the recent grants list, including awards of $360,000 and $64,151, which suggests ongoing support for the same housing work.
Yes. The active Small Business Loans and Nonprofit Loans programs both accept unsolicited requests, and the COVID-19 small business assistance programs listed as administered or promoted by the foundation also note unsolicited access.
Its giving is local and entirely in New York. The recent grants list shows recipients in Albany, Troy, Schenectady, and Elizabethtown, and the state distribution is 100% to NY recipients.
2025
Source: IRS Form 990-PF, fiscal year 2025.
Current and upcoming funding from Community Loan Fund of the Capital Region that your nonprofit may be able to apply for.
Who can apply: Nonprofit organizations with programs or projects involving affordable housing, human services, or community revitalization in the 11-county Capital Region.
Deadline: Applications are reviewed by the Lending Committee and Board, which meet monthly.
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Most recent grants reported to the IRS.
| Recipient | Location | Amount | Year | Purpose |
|---|---|---|---|---|
| TAP INC | TROY, NY | $600,000 | 2025 | AFFORDABLE HOUSING |
| AFFORDABLE HOUSING | ALBANY, NY | $533,334 | 2025 | AFFORDABLE HOUSING |
| ALBANY COMMUNITY LAND TRUST | ALBANY, NY | $360,000 | 2025 | AFFORDABLE HOUSING |
| 20 OTHERS 10000 AND LESS | NA, NY | $101,827 | 2025 | VARIOUS |
| AFFORDABLE HOUSING | ALBANY, NY | $725,572 | 2024 | CONSTR SOLAR PANELS |
| ALBANY CENTER FOR ECONOMIC SUCCESS | ALBANY, NY | $213,085 | 2024 | CONSTRUCTION PROJECT |
| VARIOUS NON-PROFITS CITY OF SCHENEC | SCHENECTADY, NY | $191,000 | 2024 | COVID GRANTS SM. BUS |
| ALBANY COMMUNITY LAND TRUST | ALBANY, NY | $64,151 | 2024 | AFFORDABLE HOUSING |
| BETTER COMMUNITY NEIGHBORHOODS INC | SCHENECTADY, NY | $49,077 | 2024 | AFFORDABLE HOUSING |
| ADIRONDACK COMMUNITY HOUSING TRUST | ELIZABETHTOWN, NY | $40,000 | 2024 | AFFORDABLE HOUSING |
| OTHER | NA, NY | $7,290 | 2024 | VARIOUS |
| ALBANY CENTER FOR ECONOMIC SUCCESS | ALBANY, NY | $479,000 | 2023 | CONSTRUCTION PROJECT |
TAP INC
$600,000AFFORDABLE HOUSING
ALBANY COMMUNITY LAND TRUST
$360,000AFFORDABLE HOUSING
20 OTHERS 10000 AND LESS
$101,827VARIOUS
ALBANY CENTER FOR ECONOMIC SUCCESS
$213,085CONSTRUCTION PROJECT
VARIOUS NON-PROFITS CITY OF SCHENEC
$191,000COVID GRANTS SM. BUS
ALBANY COMMUNITY LAND TRUST
$64,151AFFORDABLE HOUSING
BETTER COMMUNITY NEIGHBORHOODS INC
$49,077AFFORDABLE HOUSING
OTHER
$7,290VARIOUS
ALBANY CENTER FOR ECONOMIC SUCCESS
$479,000CONSTRUCTION PROJECT
