Community Lending & Investment and Community Service

Helping Communities Thrive – with Financial and Human Capital

Sterling National Bank (SNB) is deeply invested in the success of the communities where we – and our customers – live, work and do business. We measure success not simply in financial terms, but in the availability of affordable housing, the vibrancy of our neighborhoods, the growth of businesses and jobs and in the volunteer work our colleagues are involved in throughout our markets.

Our commitment to local communities is embodied in Sterling’s Community Reinvestment Act Plan, and is focused on making an impact in such areas as:

Affordable Housing

SNB credit facilities enable the construction and improvement of affordable single family and multi-family homes.

Economic Opportunity

Qualified investments in low income housing tax credits, Community Development Financial Institutions and other areas support community and economic development.

Small Business Lending

We lend to businesses across our communities, including those with revenue of $1 million or less, to help them grow, prosper and create jobs.

Community Service

Our team members are encouraged to volunteer their time, expertise and energy to nonprofit and other community organizations.

The members of our Community Development Lending and Investment Team, and all Sterling employees, are dedicated to bringing the bank’s resources to the needs of people and businesses across our service area.

Recent Community Investments

Walison Corp Logo

Walison Development Corp
West Farms Apartments


$12 Million Construction Loan
$14 Million Low Income Housing Tax Credit Equity Investment
81 affordable units for formerly homeless persons living with HIV/AIDS
Bronx, New York

RUPCO Logo

RUPCO
Newburgh Neighborhood CORe Revitalization


$11,156,168 Million Construction Loan
$9,944,407 Million Low Income Housing Tax Credit Equity Investment
$4,118,835 Historic TC
4 affordable units for families & individuals
Newburgh, New York

Comunilife Logo

Comunilife
Woodhull Community Residence


$5 Million Construction Loan
$10 Million Low Income Housing Tax Credit Equity Investment
89 supportive affordable units for individuals recovering from mental illness
Brooklyn, New York

Bronx Pro Group, LLC

Bronx Pro Group, LLC
BP 1017 Home Street LLC


$10 Million Construction Loan
$18 Million Low Income Housing Tax Credit Equity Investment
62 affordable units for seniors age 62 and over.
Bronx, New York

Loan to Community Development Financial Institution (CDFI)

$5 Million Line of Credit
Capital for lending in underserved communities
Enhanced lending opportunities for first time homebuyers
New York, NY

Loan to Community Development Financial Institution (CDFI)

$2.5 Million Line of Credit
Capital for lending in underserved communities
Enhanced lending opportunities for first time homebuyers
New York, NY