About

Our Story

Our Mission

The Leviticus Fund is motivated by faith and founded on the biblical verse of Leviticus 25:23 and its call for justice in the stewardship of economic resources. The Fund supports transformative solutions that serve low-income and vulnerable people by combining flexible capital from social impact investors and contributors with knowledge-sharing to create sustainable and affordable communities.

Our History

In December 1981, a group of religious leaders from the Tri-State Coalition for Responsible Investment met to discuss a new model for addressing the needs of the disadvantaged. They saw that, if they pooled and invested their resources together, they could do more to reflect and advance the faith-driven values they shared: ensuring that the economically poor could live with dignity and self-determination; using their shared resources for the benefit of those with less; and protecting and sharing the earth’s resources.

In May 1983, 27 of the religious congregations pooled $360,000 in capital to form the Leviticus 25:23 Alternative Fund.

This vision of social and economic justice has endured as our driving force for over 35 years. It guided our first two loans in 1984, which supported a tenant-owned cooperative in New York City and a workplace and training center for mentally-challenged adults in Nyack, NY. It led us to become one of the nation’s first certified Community Development Financial Institutions (CDFIs) in 1994, to expand our investments into early care and education in 1997, and to more recently launch new programs for manufactured housing communities, community health centers, charter public schools, and healthy food-access. And it has inspired the numerous loans we have made in recent years to foster decent homes, schools, jobs, and health and social services for thousands of low-income families across five states.

Our impact has grown steadily over time, from $1.5 million invested in our first 10 years to over $92 million as of today. We now have 69 member investors and 95 individual and institutional associate investors, each of whom ensure we can continue to fulfill the vision of our founders: to share the gift of economic resources in order to advance a more just and equitable society—one in which all people can meet their basic needs and access opportunities.

 

View Our New Video – Leviticus Fund Celebrates 35 Years

Our People

Board of Directors

Cathy Rowan
Board President
Director, Socially Responsible Investments
Trinity Health
Michael Sena
Board Vice President
Chief Financial Officer
HC2 Holdings, Inc.
Justin Towey
Board Treasurer
Partner
Morse, Towey and White Group, Hightower Advisors
Sr. Geraldine A. Kennedy, O.S.U.
Board Secretary
Ursuline Sisters of the Eastern Province
Elaine Dovas
Vice President
Apple Bank for Savings
Becky Koch
Vice President, Community Development
HSBC Bank USA
Dan Letendre
Managing Director and CDFI Lending & Investing Executive
Bank of America
Sr. Ellenrita Purcaro, OP
Director
Empowerment Center at Harmony Farm
Joseph F. Reilly
President & CEO
Community Development Trust, Inc.
Darlene Robinson
Vice President, Relationship Manager, Community Development Banking
PNC Bank, NA
Sr. Peggy Scarano, OP
Regional Representative
SOAR!
Elizabeth Torres
Executive Director
Women's Institute for Housing and Economic Development
Rev. Julius Walls, Jr.
President
Greater Centennial Community Development Corporation

 Staff Members

Greg Maher
Executive Director

gmaher@leviticusfund.org
914-909-4498
Greg joined the Leviticus Fund as Executive Director in 2013, and is responsible for leading and managing all aspects of our operations and for formulating new initiatives to address the needs of the low-income people and communities that we serve. Previously, he spent 23 years at the Local Initiatives Support Corporation (LISC), the last seven as Senior Vice President for Lending. While a member of LISC’s Loan Committee he reviewed and helped shape over 2,500 loan requests totaling over $1.1 billion to a wide variety of projects. Greg is a graduate of the College of the Holy Cross and St. John’s University School of Law.

Helen Davis
Lending Assistant

hdavis@leviticusfund.org
914-909-4560
Helen is our Lending Assistant and provides direct support to the lending staff throughout the lending process from origination through closing, disbursement and payoff, including monitoring and reporting.  Prior to joining Leviticus, she worked for a commercial real estate management company and has held several jobs in the banking sector that involved internal auditing, and reporting design and implementation. A lawyer, Helen also worked with legal services in Westchester County. She has volunteered with Girl Scouts and her school district’s Special Education PTA. She holds a BBA in Finance from Pace University and a law degree from Fordham University School of Law.

Kayla Jeffrey
Loan Officer

kjeffrey@leviticusfund.org
914-909-4568
Kayla is our Loan Officer and works closely with our Executive Director and Senior Loan Officer in business development and customer relations, as well as supporting the development of new lending programs and products, and completing initial loan feasibility assessments. Prior to Leviticus, she worked as a Development Assistant and Leasing Specialist with Regan Development Corp, which specializes in affordable housing and special needs housing. Kayla most recently completed studies at the University College in London, earning a Master of Science degree in Sustainable Urbanism. She also holds a B.A. in Urban Studies and a Planning degree from The University at Albany.

Jose Rivera
Finance Director

jrivera@leviticusfund.org
914-909-4553
Jose is our Finance Director and oversees all facets of bookkeeping, accounting, treasury functions and loan servicing.  He also provides support to the Executive Director for securing new debt and existing debt renewals and increases.  Jose has extensive financial management experience in the nonprofit sector, having worked for social service agencies, a charter public school and a supportive services provider. Jose is active in community-based programs that serve disabled and emotionally fragile youth and has served as a facilitator in racial and social-economic oppression workshops. He holds a B.B.A. Accounting degree from Iona College.

Ashley Slane
Development Officer

aslane@leviticusfund.org
914-909-9180
Ashley is our Development Officer and works closely with our Executive Director in developing, implementing and managing all aspects of our annual capital raising goals, including institutional and individual grants and investments. She has over 15 years of wealth management and fundraising experience, having worked most recently as Vice President and Trust Officer for Fiduciary Trust Company International in New York City and as a fundraising consultant for nonprofits clients in New York City and Westchester County.

Maryann Sorese
Communications and Compliance Officer

msorese@leviticusfund.org
914-909-4422
With recent staff changes, Maryann now handles all compliance reporting to our investors, funders and federal agencies. She also manages our print and electronic communications and impact tracking database. Before Leviticus, Maryann worked in fundraising for an international nonprofit and lived in Brazil for nine years involved in housing and land access issues. She serves as Board Chair for a nonprofit housing agency in her community. She holds a BA in Journalism from New York University and an MBA from Mercy College.

Robyn Stern
Senior Loan Officer

rstern@leviticusfund.org
914-909-4482
Robyn is our Senior Loan Officer and oversees the underwriting of all our housing, community facility and economic development loans. She is also responsible for growing our loan portfolio through business development and for managing relationships with our community partners. Prior to Leviticus, Robyn provided real estate finance consulting services through her company, Grey Steed Advisors, Inc. She also served as U.S. Chief Credit Officer for Crown Northcorp, Inc., Head of Asset Management for Arbor Realty Trust and VP Real Estate at JP Morgan Chase. Robyn holds a B.A. from Binghamton University, a J.D. from Emory University School of Law and an L.L.M. from NYU School of Law. 


Career Opportunities

There are no positions opened at this time.