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Thumbnail for Wells Fargo NEXT Awards for Opportunity Finance Honor Three Community Development Lenders

Wells Fargo NEXT Awards for Opportunity Finance Honor Three Community Development Lenders

A MacArthur-supported awards program for community development financial institutions (CDFIs) announced it will award $8.25 million to three top-performing CDFIs. Read More
Thumbnail for NEXT Seed Capital Awarded to Community Development Financial Institution

NEXT Seed Capital Awarded to Community Development Financial Institution

The Wells Fargo NEXT Awards for Opportunity Finance announced that it will award the 2013 NEXT Seed Capital Award to Freedom First Federal Credit Union in Roanoke, Virginia. Read More
Thumbnail for New $25 Million Investment Proves Viability of Mortgage Crisis Fix

New $25 Million Investment Proves Viability of Mortgage Crisis Fix

In a first of its kind deal, Boston Community Capital, a non-profit community development financial institution, has secured a new investment of $25 million in its Stabilizing Urban Neighborhoods (SUN) Initiative. Read More
Thumbnail for NEXT Awards for Opportunity Finance Honor Three Community Development Finance Institutions

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
Thumbnail for The Opportunity Fund Wins Award for Innovative Small Business Loan Product

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. Read More
Thumbnail for NEXT Awards for Opportunity Finance Announce 2012 Finalists

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
Thumbnail for Grantee and Starbucks Expand Successful Jobs Campaign

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
Thumbnail for CDFIs Gain New Support and Visibility

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

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

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

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
Thumbnail for Successful Program Keeps People in Their Homes, Avoiding Foreclosure

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

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

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
Thumbnail for Program-Related Investments

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

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

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

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

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

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

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

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

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