Are you looking for ways to finance your coalition initiatives in New York City? There are a variety of options available to individuals and organizations that are looking to make a difference in their community. From grants and awards to loans and investments, there are many ways to secure the necessary funds for your project. The first step is to identify the type of funding that best suits your needs.
Grantsand awards are typically awarded by government agencies or private foundations, and can be used to cover a variety of expenses related to your initiative.
Loans and investments, on the other hand, are typically provided by financial institutions or private investors, and can be used to finance larger projects. Once you have identified the type of funding that best suits your needs, you can begin researching potential sources. The New York Mortgage Coalition (NYMC) is a nonprofit collaboration of financial institutions and community housing agencies that focuses on expanding opportunities for responsible and sustainable homeownership to minority and low- and moderate-income individuals and families in the five boroughs of New York City, as well as the surrounding counties of Nassau, Suffolk, Dutchess, Orange, Rockland, and Westchester. This organization can provide valuable resources for those seeking funding for their initiatives.
In addition, the Office of Alcoholism and Substance Abuse Services (OASAS) offers a brochure outlining information and resources for Minority- and Women-Owned Business Enterprises (MWBEs) seeking opportunities with OASAS and New York State. This brochure can provide valuable insight into potential sources of funding for your initiative. Your organization's award letter is also an important source of information. This letter identifies the Initiative, the Council member that designated the funds (where applicable), and the amount of each designation.
It is important to review this letter carefully in order to ensure that you are receiving all of the funds that have been allocated for your project. Finally, it is important to remember that there are many organizations that seek, finance, and collaborate with more than 200 of the city's most effective anti-poverty programs. When these programs work successfully, they can be expanded upon in order to maximize impact. When they stumble, it is important to identify the problem and help correct it.