Local Development Corp. grants Cardinal McCloskey $8.15 million

By Aleesia Forni

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Westchester’s Local Development Corp. approved $8.15 million in low-cost bond financing for Cardinal McCloskey Community Services Inc., a nonprofit organization that protects and promotes independence for at-risk children, families and those with developmental disabilities. Over the next ten years, the refinancing will save the organization $300,000. The Valhalla-based nonprofit will use $6.5 million to refinance…

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About the author

Aleesia Forni
Aleesia Forni covers transportation, tourism, nonprofits and residential real estate for the Westchester County Business Journal. She previously worked as a financial reporter for the online newsletter Prospect News. She started with the Westchester County Business Journal in April 2016.

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