Equitable Development
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Established in 2003, the Harlem Equitable Development Initiative (Harlem EDI) was created to help Harlem residents who were unable to take part in Harlem’s real estate boom due to the rising cost of housing and commercial space. Funded by Citibank, M & T Bank and Bank of America, the initiative permeates all HCCI offices. Its services prepare Harlem residents to become stakeholders in their community through homeownership and business ownership.
Under the auspices of the Harlem EDI, HCCI:
- Partnered with The Harlem Business Alliance to launch the HBA/HCCI Merchant Loan Fund, a micro loan fund designed to serve small businesses in Harlem;
- Provided Financial Fitness Classes to teach fiscal management to Harlem residents;
- Provided Housing Counseling Services to help Harlem residents become homeowners and then maintain the property they’ve purchased;
- Established the Bradhurst Merchants Association www.bradhurst.biz.
