8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 28, 2009

CARVER BANCORP, INC.
(Exact name of registrant as specified in its charter)

DELAWARE	001-13007	13-3904174
(State or other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

75 West 125th Street New York, NY	10027-4512
(Address of Principal Executive Offices)	(Zip Code)

Registrant’s telephone number, including area code: (212) 360-8820

(Former name or former address if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01 Other Events

On May 28, 2009, Carver Bancorp, Inc. (the “Company”), the holding company for Carver Federal Savings Bank (the “Bank”), issued a press release announcing that the Bank’s wholly owned subsidiary, Carver Community Development Corporation, was awarded $65 million in New Market Tax Credit funds. A copy of the press release is attached as Exhibit 99.1 to this report and incorporated herein by reference. The Company does not intend for this Item 8.01 or Exhibit 99.1 to be deemed “filed” for purposes of Section 18 of the Securities and Exchange Act of 1934 or to be incorporated by reference into filings under the Securities Act of 1933.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

The following exhibit is filed as part of this report:

99.1  Press release entitled “CARVER BANCORP, INC. ANNOUNCES $65 MILLION NEW MARKET TAX CREDIT ALLOCATION”, dated May 28, 2009.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned duly authorized.

DATE:  May 29, 2009

BY: /s/ Mark A. Ricca

Mark A. Ricca

Executive Vice President, Chief Risk Officer

and General Counsel

EX-99.1

Exhibit 99.1

Contact:	Mark Ricca / Blondel Pinnock
	Carver Bancorp, Inc. (212) 360-8820 (212) 360-8887

CARVER BANCORP, INC. ANNOUNCES $65 MILLION NEW MARKET TAX CREDIT ALLOCATION

New York, New York, May 28, 2009 – Carver Bancorp, Inc. (the “Company”) (NASDAQ: CARV), the holding company for Carver Federal Savings Bank (“Carver” or the “Bank”), announced today that Carver Community Development Corporation (“Carver CDC”), a wholly owned subsidiary of Carver, was awarded $65 Million in New Market Tax Credit (“NMTC”) funds.

Deborah C. Wright, the Company’s Chairman and CEO, stated: “We are proud to be one of only thirty-two organizations to have received this award. It will provide the Company with significant tax benefits enabling Carver CDC to offer below market loans to real estate developers, not-for-profit organizations and small businesses serving low-income communities located in New York City, Newark, NJ and adjoining communities. This is the second allocation we have received. The first NMTC allocation of $59 million has been invested in low income communities, including the financing of a comprehensive healthcare facility in Harlem, providing working capital to a not-for-profit organization serving children and families with HIV and funding conversion of a landmark ballroom into affordable housing and cultural space for the community. I’d also like to express my appreciation to President Obama for his support of this very important program and Treasury Secretary Geithner for the Treasury Department’s selecting Carver CDC to be an award recipient.”

Blondel A. Pinnock, Carver CDC’s President stated: “This allocation will enable Carver CDC to continue to provide capital to underserved areas and pass along greater economic benefits to the local communities. NMTC affords Carver CDC the ability to offer expanded financial products and services at below market rates that would otherwise not be possible. These investments serve as a catalyst for job creation and community revitalization.”

The NMTC program was created in 2000 to encourage the investment of private capital into commercial enterprises in low-income communities by providing participating organizations tax credits, taken over a seven year period, totaling 39 percent of the NMTC allocation. The NMTC program is administered by the Community Development Financial Institutions Fund, a division of the Treasury Department. The current award is from an allocation in the American Reform and Recovery Act signed by President Obama earlier this year.

About Carver Bancorp, Inc.

Carver Bancorp, Inc. is the holding company for Carver Federal Savings Bank, a federally chartered stock savings bank, founded in 1948 to serve African-American communities whose residents, businesses and institutions had limited access to mainstream financial services. Carver, the largest African- and Caribbean-American run bank in the United States, operates nine full-service branches in the New York City boroughs of Brooklyn, Manhattan and Queens. For further information, please visit the Company’s website at www.carverbank.com.

Certain statements in this press release are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act. These statements are based on management’s current expectations and are subject to uncertainty and changes in circumstances. Actual results may differ materially from those included in these statements due to a variety of factors, risks and uncertainties. More information about these factors, risks and uncertainties is contained in our filings with the Securities and Exchange Commission.

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