10 US Organizations Named as Semi-Finalists for $8.25 Million “Wachovia Next Awards for Opportunity Finance”
October 2, 2007 –
Community-Based Groups Eyed for “Transformational” Award Offered by The Wachovia Foundation, MacArthur Foundation and Opportunity Finance Network; Organizations Range from NH to CA.
The Wachovia NEXT Awards for Opportunity Finance in partnership with the John D. and Catherine T. MacArthur Foundation today named 10 U.S. community development financial institutions (CDFIs) as semi-finalists for $8.25 million in grants and awards under an unprecedented new awards program offered by the Opportunity Finance Network and sponsored by The Wachovia Foundation and the John D. and Catherine T. MacArthur Foundation.
$8.25 million in grants and investments will be divided between two organizations. The winners will be selected by a distinguished national committee from among the following semi-finalists: ACCION Texas, San Antonio, TX; Boston Community Capital, Boston, MA; Clearinghouse CDFI, Lake Forest, CA; Community First Fund, Lancaster PA; New Hampshire Community Loan Fund, Concord, NH; Corporation for Supportive Housing, New York, NY; Housing Development Fund, Inc., Stamford, CT; IFF, Chicago, IL; Latino Community Credit Union, Durham, NC; and Southern Bancorp, Arkadelphia, AR.
The recipients of the Wachovia NEXT Awards for Opportunity Finance will be named in December 2007 in Miami.
