How much funding does New Economy Loan Fund provide?

The listing does not state a funding amount. Check the funder's announcement for specifics.

When is the deadline for New Economy Loan Fund?

Applications are accepted on a rolling basis.

How often is New Economy Loan Fund offered?

New Economy Loan Fund accepts applications on a rolling basis.

New Economy Loan Fund

Foundation Rolling (Quarterly) Community Development Grants Affordable Housing Grants Solar Energy Grants Grants for Minority-Owned Businesses

Funding Amount

Not stated

Deadline

Rolling (quarterly review)

Grant Type

Foundation

Deadline history & next window

Cycle: Rolling — applications accepted year-round
Tracked since: April 2026

Source: the cycle recorded on this listing. Confirm dates with the funder.

Can we apply?

Check your organization against each line. Taken from the listing; confirm with the funder's guidelines.

Other requirements

Worker cooperatives
Community land trusts
Community solar projects
Community wealth building initiatives

Overview

The New Economy Loan Fund invests in NYC's growing cooperative economy by making no- and low-interest, flexible loans to support community wealth building initiatives.

Geographic Scope: New York City

Focus Areas:

Worker cooperatives (shared ownership and control of workplaces, living wage jobs)
Community land trusts (permanent affordable housing, resident-controlled development)
Community solar projects and renewable energy infrastructure in frontline communities
Other initiatives that foster democratic ownership and control of land, housing, finance, energy, and other sectors

Eligibility:

Worker cooperatives
Community land trusts
Community solar projects
Community wealth building initiatives
Democratically controlled initiatives benefiting low-income communities and communities of color

Type: Emerging Community Development Financial Institution (CDFI) and affiliate of New Economy Project

Impact to Date: Has loaned more than $1.6 million to initiatives promoting economic cooperation and expanding access to living wage jobs, deeply and permanently affordable housing, community and cultural spaces, and other critical needs.

Collaboration: Works with mission-aligned lenders to strategically fill financing gaps and bring more capital into NYC's cooperative ecosystem.

Language Access: Available in multiple languages upon request

How to Apply

Complete the online intake form available at the New Economy Loan Fund website
Contact the loan fund for assistance: loanfund@neweconomyproject.org
Request assistance in another language as needed

Application Materials

Required materials to be submitted via online intake form (specific details not provided in source materials, but organizations should be prepared to provide: