Opportunity Finance Network News
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September 27, 2012 -
From the field
NEXT Awards for Opportunity Finance Honor Three Community Development Finance Institutions
The Clearinghouse CDFI, the Primary Care Development Corporation, and the Corporation for Supportive Housing have been announced as the winners of the NEXT Awards for Opportunity Finance. Read More
September 24, 2012 -
Video
"O.C. Lender to Low-income Areas Gets Grant to Expand in Nevada"
From the Los Angeles Times
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September 11, 2012 -
From the field
The Opportunity Fund Wins Award for Innovative Small Business Loan Product
San Jose-based community lender The Opportunity Fund has won the $100,000 NEXT Seed Capital Award for its innovative EasyPay financing product, which allows small businesses in distressed markets to repay loans through their credit and ... Read More
August 2, 2012 -
From the field
NEXT Awards for Opportunity Finance Announce 2012 Finalists
Winners of the NEXT Awards for Opportunity Finance plan to expand national access to affordable housing, healthcare, and nonprofit community facilities in distressed communities across the U.S. Read More
June 28, 2012 -
From the field
Grantee and Starbucks Expand Successful Jobs Campaign
The Opportunity Finance Network and Starbucks announced an expansion of their Create Jobs for USA Campaign, which has raised more than $11 million for community development financial institutions (CDFIs) nationwide. Read More
December 16, 2011 -
From the field
CDFIs Gain New Support and Visibility
Opportunity Finance Network's recent national conference featured announcements of new support for community development financial institutions. Read More
November 1, 2011 -
From the field
Starbucks Partners with MacArthur Grantee to Support Community Development Lenders
In a partnership with the Foundation-supported Opportunity Finance Network, Starbucks will provide capital grants to select Community Development Financial Institutions. Read More
October 25, 2011 -
Press release
Wachovia NEXT Awards Honor Two Community Development Financial Institutions
Coastal Enterprises, Inc. in Wiscasset, ME and The Progress Fund in Greensburg, PA. are the recipients of the 2009 Wachovia NEXT $8.25 million Awards. Read More
August 2, 2011 -
Press release
Four CDFIs Vie for $8.25 Million in Awards for Responsible Financing Strategies
The Wachovia Wells Fargo NEXT Awards for Opportunity Finance offers the awards in parternship with MacArthur. Read More
July 26, 2011 -
From the field
Successful Program Keeps People in Their Homes, Avoiding Foreclosure
Boston Community Capital — a community development financial institution — has been leading a successful effort to purchase foreclosed homes and sell them back to the original occupants through their Stabilizing Urban Neighborhoods program. Read More
October 19, 2010 -
Press release
Wachovia Wells Fargo NEXT Awards for Opportunity Finance Awards Two Outstanding CDFIs $8.25 Million
Boston Community Capital and Enterprise Cascadia were each recognized as two of the nation's top-performing community development financial insitutions. Read More
August 10, 2010 -
Press release
Wachovia Wells Fargo Next Awards for Opportunity Finance Announce 2010 Finalists
Four leading community development financial institutions are competing for $8.25 million. Read More
May 1, 2010 -
Info sheet
Program-Related Investments
To expand the reach of its grantmaking, the MacArthur Foundation makes low-cost loans and equity investments, known as program-related investments, to support charitable organizations and activities. Read More
December 23, 2009 -
From the field
Congress Approves New Spending for CDFIs
In a victory for community financial development institutions (CDFIs), newly-passed legislation includes $247 million for the CDFI Fund of the U.S. Treasury Department — a dramatic increase over its $107 million budget in 2009. Read More
October 16, 2009 -
From the field
Wachovia NEXT Awards Recognize Organizations for Investing in Community Development
Two of the nation’s leading community development financial institutions — New Hampshire-based Community Loan Fund and Kentucky-based Federation of Appalachian Housing Enterprises — received the 2009 Wachovia NEXT Awards for Opportunity Finance. Read More
October 13, 2009 -
From the field
Wachovia NEXT Awards Honor Two Community Development Financial Institutions
New Hampshire-based Community Loan Fund and Kentucky-based Federation of Appalachian Housing Enterprises (FAHE) are the recipients of the 2009 Wachovia NEXT $8.25 million Awards. Read More
August 12, 2009 -
From the field
Wachovia NEXT Awards Honor CDFIs
The Wachovia NEXT Awards for Opportunity Finance, supported by a $25 million MacArthur program-related investment, honor community development financial institutions (CDFIs). Read More
December 11, 2008 -
From the field
Wachovia NEXT Awards Honor Two Community Development Financial Institutions
Chicago-based IFF and New Mexico-based Homewise were honored at the national 2008 Opportunity Finance Network (OFN) Conference. Read More
December 9, 2008 -
From the field
Community Development Banks Gain Access to New Federal Funds
The Treasury Department announced that banks that are certified as community development financial institutions (CDFIs) can utilize funds from the government’s $700-billion financial rescue package. Read More
December 13, 2007 -
Press release
Wachovia Next Award Boosts Two Community Development Financial Institutions
Latino Community Credit Union, Durham, N.C., and ACCION Texas, San Antonio, TX are sharing an $8.25 million prize from the Opportunity Finance Network. Read More
June 27, 2007 -
Press release
Awards Program to Support Community Development Financial Institutions
MacArthur, in partnership with the Wachovia Foundation and the Opportunity Finance Network, announced a five-year $42 million awards program for community development financial institutions (CDFI) serving low-income and low-wealth people throughout the U.S. Read More