Allegany Community Development Services, Inc.


Allegany Community Development Services, Inc (ACDSI) is a not-for-profit Community Development Financial Institution (CDFI) created to serve entrepreneurs, business owners, and community members who are unable to access traditional credit.

ACDSI is able to offer a limited number of business start-up and expansion loans to both income eligible individuals and businesses that employ income eligible individuals.

In addition, ACDSI is certified by the U.S. Department of Treasury CDFI Fund and has partnered with ACCORD Corporation to offer business development training and services.

Community Development Financial Institution Fund
The Community Development Financial Institution (CDFI) Fund is a wholly-owned corporation within the U.S. Department of Treasury. The CDFI Fund was created to expand the availability of credit, investment capital, and financial services in distressed urban and rural communities. By stimulating the creation and expansion of diverse CDFIs and by providing incentives to traditional banks and thrifts, the Fund's investments work toward building private markets, creating healthy local tax revenues, and empowering residents.

CDFIs provide a wide range of financial products and services, including:

  • Mortgage financing for first time homebuyers
  • Financing for needed community facilities
  • Commercial loans and investments to start or expand small businesses
  • Loans to rehabilitate rental housing
  • Financial services needed by low-income households and local businesses.


For more information, please visit Allegany Business Center

To speak with a program representative or to set up an appointment, please contact:

Gretchen Hanchett, Director
Crossroads Conference Center
6087 State Route 19N, Suite 160
Belmont, NY 14813
(585) 268-5410, Ext. 1701
Email Gretchen Hanchett


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