At a glance
From its website, read 2 Nov 2026CDCLI Funding Corporation is a loan fund based in Melville, New York. Its website describes small-dollar emergency loans, home repair loans and affordable housing development loans. Where it lends: Long Island, New York. Consumer loan APRs stated on its site range from 4.84% to 6.909%. You can start an application online.
Each point is backed by a quote further down this page. Terms change: confirm with the lender.
How to reach them and apply
| Main | (631) 471-1215 source |
|---|---|
| info@cdcli.org source | |
| Apply online | Page with the application link |
| Website | www.cdcli.org |
| Office (official list) | 1660 Walt Whitman Road, Suite 130, Melville, NY 11747 |
What their website says about applying
Obtain a Suffolk County Grant Certificate indicating the amount of your Suffolk County grant.
sourceFinal Installation Cost minus the amount of the Suffolk County Grant equals the Eligible Loan Amount
sourceA signed contract with the builder/contractor will be required at closing, or before disbursement.
source
Phone numbers and addresses are the ones on the lender's own site and the CDFI Fund list. CDFI Atlas does not take applications.
Rates and terms they state
Read 2 Nov 2026| Loan | Stated | Text on the lender's site (verbatim) | Page |
|---|---|---|---|
| Loans (general) | Rate: 4.84% APR | APR = 4.84% | source |
| Loans (general) | Rate: 6.909% APR | APR = 6.909% | source |
| Home repair / improvement loans | Rate stated, not as an APR: see their wording | Interest rates vary between 4% or 6%, based on household income in relation to the Area Median Income (AMI). | source |
| Loans (general) | Term: up to 10 yr | Duration: 10 year-term (120 months) | source |
| Home repair / improvement loans | Term: see their wording | Loans are for a period of 15 years and can be paid off in advance with no prepayment penalty. | source |
As published on the lender's website on that date, not an offer or a quote. Your rate depends on the lender's review. A missing rate means the pages we read did not state one. For consumer loans we repeat a rate only when the lender states it as an APR (annual percentage rate, which includes fees); otherwise read the lender's own wording and ask for the APR.
Who qualifies, in their words
- Minimum credit score: 625
Minimum Credit Score = 625
source - Income limit applies
Household income cannot exceed 120% of the Area Median Income for Long Island
source - Collateral required
All loans will be secured with a note and mortgage.
source
Only rules the lender's own pages state. Other requirements may apply.
Official record
CDFI Fund list, 21 Oct 2026| Institution type | Loan fund |
|---|---|
| Native CDFI | No |
| Date certified (as listed) | 17 Sep 2013 |
| RSSD ID | — (none listed) |
| Address | 1660 Walt Whitman Road, Suite 130, Melville, NY 11747 Directions (Google Maps) |
| Website | www.cdcli.org |
Head officeBranch or officeApproximate (ZIP code area)
Map data © OpenStreetMap contributors, © OpenMapTiles, tiles OpenFreeMap. Head-office points: U.S. Census Bureau geocoder.
Loans and eligibility
Verified from lender site on 2 Nov 2026Read from 7 pages of the lender's website on 2 Nov 2026. Quotes are verbatim. Extracted with AI help from the pages listed below and checked automatically against them. Not reviewed by a person. Confidence: high. Pages name CDLI and CDCLI Funding Corporation as the CDFI; no state is named for the service area and the microloan product has no stated amounts. Terms change — confirm with the lender before applying.
| Product | Amount stated | Text on the lender's site (verbatim, incl. menu labels) | Page |
|---|---|---|---|
| Small-dollar / emergency loans | up to $5,000 | Home Repairs up to $5,000 for emergency repairs | source |
| Home repair / improvement loans | up to $25,000 | finance the cost of repairs up to $25,000. | source |
| Affordable housing development loans | — | from pre-development loans for small-medium size homeownership and rental developments | source |
Loan sizes
Borrower focus
- Not stated on the pages we read.
Languages
- No non-English service found on the pages we read.
Online application
Yes — the site links to an application. Apply today!
source
Pages read (7)
- https://www.cdli.org/
- https://www.cdli.org/service-page/financial-fitness-health-wealth-nov
- https://www.cdli.org/cdfi
- https://www.cdli.org/howwecanhelp/home-improvement-loan
- https://www.cdli.org/howwecanhelp/emergency-home-repair-loan
- https://www.cdli.org/howwecanhelp/septic-replacement-loan-program
- https://www.cdli.org/howwecanhelp/accessory-dwelling-unit-loan-product-(adu)
Questions to ask when you contact them
Based on what their website said when we read it on 2 Nov 2026, and what it left out. Something missing here does not mean they don't offer it: ask.
- What are the smallest and the largest loans you make?
No loan amounts are stated on their website. - Do you offer free coaching or help preparing my application?
CDFI certification requires development services, such as training or advice, alongside lending. - What documents will you need from me, and how long does a decision usually take?
Their website describes some application steps (above); ask for the full document list.
Write down the answers, who you spoke to and the date, and ask for the terms in writing before you sign.
CDFI Fund awards
CDFI Fund database, 3 Nov 2026$3.6 million in 7 awards from the U.S. Treasury's CDFI Fund, 1999–2021 (CDFI Program, Financial Assistance; CDFI Program, Technical Assistance; CDFI Rapid Response Program).
| Round year | Program | Amount |
|---|---|---|
| 2021 | CDFI Rapid Response Program | $1,038,000 |
| 2020 | CDFI Program, Financial Assistance | $295,000 |
| 2013 | CDFI Program, Technical Assistance | $82,407 |
| 2004 | CDFI Program, Financial Assistance | $782,500 |
| 2001 | CDFI Program, Financial Assistance | $800,000 |
| 2000 | CDFI Program, Financial Assistance | $600,000 |
| 1999 | CDFI Program, Technical Assistance | $27,500 |
These are awards and investments made to the institution itself to build its capital and capacity. They are not loans to borrowers, and an award does not mean the lender has money available for a particular loan today.
Source: CDFI Fund Searchable Awards Database, all 12,628 award records (1996–2025), read 3 Nov 2026. Years are the award round as the database lists it. Matched to the official CDFI list by exact name and state; see the method on the About page.
Size of the fund (IRS Form 990)
Fiscal year ending Dec 2023| Total assets | $9.8M |
|---|---|
| Total liabilities | $6.1M |
| Net assets | $3.7M |
| Total revenue | $383,331 |
| Notes and loans receivable, net (Part X line 7) | $8.6M |
End-of-year figures from the Form 990 this organisation filed with the IRS for the fiscal year ending December 2023 (tax year 2023; EIN 11-3418906, filed as “CDCLI FUNDING CORPORATION”), taken from the IRS Annual Extract of Tax-Exempt Organization Financial Data (returns processed in 2024). Figures are self-reported to the IRS, not audited by us, and lag one to two years behind today. The lender’s own annual report may show newer numbers. This organisation’s filings on ProPublica Nonprofit Explorer
Filings over time
| Fiscal year ending | Total assets | Net assets | Revenue | Notes and loans receivable |
|---|---|---|---|---|
| Dec 2021 (990) | $10M | $2.4M | $303,422 | $6.3M |
| Dec 2022 (990) | $9.7M | $3.7M | $1.5M | $7.2M |
| Dec 2023 (990) | $9.8M | $3.7M | $383,331 | $8.6M |
Total assets fell 2% from Dec 2021 to Dec 2023; notes and loans receivable rose 35%. One row per fiscal year in the IRS extracts of returns processed in 2022, 2023, 2024; “—” = the line was empty or zero on that return (a fund can book its loans on other lines).
How it compares
Computed from public data| Measure | This lender | Compared with |
|---|---|---|
| Total assets, latest IRS Form 990 | $9.8M | Larger than 41% of the 39 other certified loan funds and venture funds in New York with a matched Form 990 (median $16.2M). |
How these comparisons were worked out
| Measure | Peer group (this lender left out) | Peers | Where this lender sits |
|---|---|---|---|
| Form 990 total assets | certified loan and venture funds with a Form 990, in New York | 39 | larger than 41% |
“Larger than X%” = the share of the peer group with a smaller value. Ranks count from the largest. Peer groups use the lender's home state when it has at least 5 peers, otherwise the whole country. Full definitions: methodology.
For comparison, not an offer and not a rating. Past records show what this lender did, not what you would be offered. Peer groups and sources: methodology. Form 990 figures: IRS annual extracts (see the Form 990 section).
Other certified CDFIs in Melville and New York
- ADIRONDACK ECONOMIC DEVELOPMENT CORPORATIONLoan fund · Saranac Lake, NYSmall-business loansVerified
- Alternatives Federal Credit UnionCredit union · Ithaca, NYAuto / vehicle loans, Commercial real estate loans, Credit-builder loans, Equipment loans…Verified
- Amplify Equity, Inc.Loan fund · Elmira, NYSmall-business loansVerified
- Ascendus Inc.Loan fund · New York, NYChild-care facility financing, Credit-builder loans, Small-business loansVerified
- BOC Capital Corp.Loan fund · Brooklyn, NYEnergy / solar / efficiency loans, Microloans, SBA-backed loans (7(a)/504/Community Advantage), Small-business loansVerified
- BlocPower L.L.C.Loan fund · Brooklyn, NYEnergy / solar / efficiency loansVerified
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