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RISE

DOF Saves the Games!

In December 2010, New York State eliminated funding for a treasured event – The Empire State Games for the Physically Challanged.  As another example of the DOF’s innovative solutions, Nassau… READ MORE >

The Cottage

Movin’ Out

Cardinal McCloskey Services

Imagine Academy for Autism

Paseo du Luz

DOF Brought the Clarkins Home


Ellen Chen

Co-Director of Lending

Ellen has nearly 20 years of experience in mission-related lending, non-profit management and organizational development, as well as equity investment and real estate development.  She is currently an analyst for Opportunity Finance Network’s CDFI Assessment and Ratings SystemTM (CARSTM), conducting comprehensive analysis to evaluate the capital adequacy, asset quality, management, earnings and liquidity of U.S. based nonbank lending institutions as well as an independent consultant. 

As the community reinvestment manager for HSBC Bank US, Ellen led the strategic development of the bank’s lending, investing and philanthropic activities to nonprofit affordable housing development corporations and financial intermediaries. 

From 1996 to 1998, Ellen was the executive director and founder of Manhattan Neighborhood Renaissance Corporation (subsidiary of Asian-Americans for Equality) as a community lending institution serving immigrant and low-income families in Chinatown and Lower East Side of New York City. Ellen also planned and implemented economic-relief activities there,  in the aftermath of the attacks on the World Trade Centers. 

She is a mayoral appointee to the Advisory Board of New York City’s Department of Community and Youth Development.  Ms. Chen is a graduate of New York University, B.A. Political Science (1987) and received a Masters in Public Administration – Policy Evaluation also from New York University (Robert F. Wagner School of Public Service) in 1992.