Two of the nation’s top-performing Community Development Financial Institutions (CDFIs) — Chicago-based IFF and New Mexico-based Homewise — were honored last night at the national 2008 Opportunity Finance Network (OFN) Conference for innovative, responsible lending programs that directly benefit low-and moderate-income communities. As part of the second-annual Wachovia NEXT Awards for Opportunity Finance, the two organizations received grants and low-cost loans known as “program-related investments” totaling $8.25 million.

Program-Related Investments, Community Development, Housing, United States

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