Impact Investments

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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
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Affordable Housing Saved in DC Neighborhood

The MacArthur-supported National Housing Trust-Enterprise Preservation Corporation helped low- and moderate-income tenants buy their Washington, D.C., apartment back from developers and renovate it. Read More

Chicago Launches New Program to Combat Foreclosures

The City of Chicago has launched a new initiative to prevent foreclosures and stabilize property values in Humboldt Park, Chatham, Chicago Lawn, West Woodlawn, Auburn Gresham, West Pullman, Belmont Cragin, Englewood, and Grant Boulevard. 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 partnership with MacArthur. Read More

Grantees Launch Innovative Foreclosure Prevention Program

The U.S. Treasury has approved the launch of the Mortgage Resolution Fund developed by Mercy Portfolio Services, a nonprofit organization created with start-up funding from the Foundation. Read More
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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

Innovative Public-Private Partnership Introduces $100 Million Program to Preserve Affordable Rental Homes

An innovative partnership to finance the preservation of federally-subsidized rental housing in underserved markets brings together major financial institutions, philanthropy, and the federal government. Read More

President Signs Bill Creating New Consumer Financial Protection Agency

MacArthur grantee the Center for Responsible Lending played a lead role in the formation of the Bureau, which will put in place comprehensive mortgage protections and help borrowers facing foreclosure. 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

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

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

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

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

First Lady Highlights Need for Grocery Stores in Underserved Communities

As part of a campaign to prevent childhood obesity, First Lady Michelle Obama and the Secretaries of Agriculture and Treasury visited a Philadelphia grocer supported by MacArthur grantee The Reinvestment Fund, which helps finance grocery stores ... 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
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Impact Investing in Action

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Legal Disclaimer

Staff

Portrait of Debra Schwartz

Debra Schwartz

Managing Director
Portrait of Allison Clark

Allison Clark

Associate Director
Portrait of Joshua J. Mintz

Joshua J. Mintz

Vice President, General Counsel, and Secretary
Portrait of John Balbach

John Balbach

Program Officer
Portrait of Urmi Sengupta

Urmi Sengupta

Program Officer
Portrait of Nicole Barksdale

Nicole Barksdale

Associate to the Managing Director

Marion Goldfinger

Program Assistant

Media Contact

Portrait of Andrew Solomon

Andrew Solomon

Managing Director, Communications

Evaluation Contact

Portrait of Joanna Cohen

Joanna Cohen

Program Officer, Evaluation