Community Development

News in “Community Development”

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Remarks by MacArthur President Jonathan Fanton at the City of Chicago’s Foreclosure Press Conference

MacArthur President Jonathan Fanton describes new Foundation initiatives intended to help stabilize Chicago neighborhoods hard hit by vacancy and foreclosure. 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

MacArthur's Grantmaking in Difficult Economic Times

Jonathan F. Fanton remarks on MacArthur's commitment to remaining a long-term, steadfast funder even in difficult economic times. Read More

Helping Chicago Organizations Increase Their International Connections

MacArthur awarded $260,000 in new grants to help diverse Chicago organizations increase their international connections with eight countries. Read More

MacArthur Commits $68 Million to Foreclosure Prevention and Mitigation in Chicago

To help combat the growing lending crisis and the rise of foreclosures in Chicago, MacArthur is investing $68 million in grants and low-interest loans in foreclosure prevention and mitigation efforts in local neighborhoods. Read More

Remarks by Jonathan Fanton at the Announcement of the Foreclosure Prevention & Mitigation Project

MacArthur President Jonathan Fanton details the Foundation's commitment of at least $68 million dollars to keep homeowners in homes, assist renters displaced by foreclosure, and help the City of Chicago return foreclosed homes to the ... Read More

Remarks by Jonathan Fanton at the International Commission on Education for Development Professionals

MacArthur President Jonathan Fanton unveils the Foundation's $15 million commitment to create 2-year Master’s Programs in Development Practice at up to 12 universities worldwide. Read More

“Find Your Place in Chicago” Program

Mayor Daley and private and public sector partners announced the package of financial incentives and initiatives aimed at helping buyers save money on the purchase of a home in which the city has invested. Read More

Remarks by Jonathan Fanton at the “Find Your Place in Chicago” Launch

MacArthur President Jonathan Fanton announces The Partnership for New Communities' $1 million commitment towards stimulating sales in mixed-income developments throughout Chicago. Read More

Project Seeks to Cut Recidivism Among Former Prisoners

With two-thirds of former prisoners in Illinois convicted of another crime within three years of their release from prison, the state's comprehensive program seeks to cut this number dramatically. Read More

Support for 2016 Chicago Olympic Games

The 2016 Olympics Fund for Chicago Neighborhoods, to which MacArthur contributes, announced its first phase of grantmaking, awarding $415,000 to eight organizations. Read More

Beyond the $10 Million Milestone in Supporting Chicago Neighborhoods

The Partnership for New Communities announced that it has surpassed the $10 million milestone in grants benefiting Chicago neighborhoods. Read More

Ohio Sets Cap on Payday Loan Interest Rates

Ohio Governor Ted Strickland signed legislation that will cap interest rates on payday loans to 28 percent, compared with current rates that approach 400 percent. MacArthur grantee the Center for Responsible Lending provided technical assistance, research ... Read More