Community Development

News in “Community Development”

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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

Chicago's Public Housing Transformation

According to a new report by researchers from the Massachusetts Institute of Technology, Chicago's controversial efforts to overhaul its public housing have showed gradual improvement Read More

First Look Program to Help Stabilize Struggling Communities

The nation’s top mortgage lenders agreed to offer selected state and local governments and nonprofit organizations right of first refusal to purchase foreclosed homes. Read More

Statement of MacArthur President Robert Gallucci on Mayor Daley’s Decision Not to Seek Re-Election

MacArthur's President applauds the former mayor's service and commitment to Chicago while recognizing his collaboration with the Foundation on issues like community development and public housing. 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

Illinois Approves Payday Loan Bill

Illinois Gov. Pat Quinn signed into law a bill that caps interest rates on payday loans and provides other consumer protections through increased regulation of lenders. Read More

Russia–U.S. Community Development Exchange

In an exchange made possible by MacArthur’s International Connections Fund, American community development experts from LISC met with their Russian counterparts to share strategies and experiences in working to improve urban neighborhoods. Read More

Illinois Campaign Helps Boost Census Participation

The Count Me In initiative, a $1.2 million effort supported by MacArthur and nine other foundations in Illinois, worked to increase participation in the 2010 Census in hard-to-count communities in Chicago and the state. Read More

CDFIs Receive Funding to Support Charter Schools

As part of a new $325-million JP Morgan Chase initiative, two Foundation-backed community development financial institutions will receive grants and access to $175 million in new low-cost debt to finance top-performing charter schools. Read More

Illinois Mandates Use of New Affordability Index When Making Public Investments

The Illinois General Assembly passed a bill that requires five state agencies to use the Housing and Transportation Index when planning and making public investment decisions around the state. Read More
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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

A Comprehensive Approach to Transforming Communities

The Institute for Comprehensive Community Development will offer training, build capacity, and document what is working or not in community development efforts across the country. Read More

Remarks by Julia Stasch, Inauguration of the Institute for Comprehensive Community Development

MacArthur's Vice President of U.S. Programs discusses how the Institute can become a leader in the field of community development. Read More

Bank of America Eliminates Costly Overdraft Fees

Research and advocacy by MacArthur grantee the Center for Responsible Lending played a leading role in spurring the bank's policy shift, expected to save customers hundreds of millions of dollars. Read More

Housing Support for Vulnerable Families

A new study by the Urban Institute, a MacArthur grantee, focuses on how to assist vulnerable families who were left behind by the transformation of public housing into mixed-income communities. Read More