Financial Resources for Small Businesses

Kim Jacobs has served as Executive Director of Community Capital New York, a Community Development Financial Institution, since its creation in 1989.  Under her leadership, the organization has realized important goals in affordable housing and small business development throughout the communities served in the lower Hudson Valley.  Notable among these are:

• Provided catalytic “gap” loans to affordable housing developments representing over 2000 homes for low and moderate income households
• Raised over $17 million in equity investments for Low Income Housing Tax Credit rental housing projects
• Created the region’s only Individual Development Account program helping over 100 families living in poverty save money and buy assets
• Created an SBA Certified micro loan fund providing loan capital and business development services to small businesses in six counties
• Led the region’s largest Financial Education initiative creating videos, materials, workshops and one- on- one counseling to over 3000 households.

Prior to her work in Westchester, Kim served as the Deputy Director of Rochester Downtown Development Corporation in Rochester, NY and also worked as a Senior Planner for the City of Sioux Falls, SD and other planning positions in Iowa, Texas and California.  She has a MS in Urban Planning from the University of Iowa and an MBA in Finance from Pace University.  Ms. Jacobs serves on a variety of community Advisory Boards.  In 2000, she was selected as a Fannie Mae fellow to the Kennedy School of Government Senior Executives Program at Harvard University.