NEXT Awards | Opportunity Finance Network

Welcome

Sub A-Spot

In an increasingly challenging economic environment, CDFIs are needed more than ever to ensure that affordable and responsible financial products and services are available in underserved communities.

The NEXT Awards recognizes the NEXT generation of CDFIs working toward expanding coverage in all 50 states. Learn more

2014 NEXT Awards

2014 Wells Fargo NEXT Awards for Opportunity Finance: The Future of Housing Finance.

Congratulations 2014 NEXT Opportunity Award Finalists:

Florida Community Loan Fund
Home HeadQuarters
New Jersey Community Capital
Rural Community Assistance Corporation

Come back in September to learn about the Awardees.

The 2013 Next Award Winners

Opportunity Fund

NEXT Opportunity Award

Small businesses need capital to grow, but in many low-income communities financing is hard to come by and entrepreneurs struggle to achieve their...

+ Learn More About Opportunity Fund

NCB Capital Impact

NEXT Opportunity Award

Detroit faces tough odds. Since 2000, the city has experienced a drastic drop in population. Thousands of abandoned homes and vacant lots create a...

+ Learn More About NCB Capital Impact

Housing Partnership Network

NEXT Opportunity Award

Across the country, as the demand for rental housing increases, the amount of money available for the preservation of affordable housing is...

+ Learn More About Housing Partnership Network

Freedom First Federal Credit Union

NEXT Seed Capital Award

Virginia-based Freedom First Federal Credit Union is the recipient of the 2013 Seed Capital Award for its American Dreamer Loan product. The...

+ Learn More About Freedom First Federal Credit Union

About the Next Awards

NEXT Opportunity Award

The NEXT Opportunity Award is a pool of of $8.25 million, which includes $7.5 million in low-cost, long-term debt and $750,000 in unrestricted grant funding. Up to four CDFIs per year that present compelling strategies for expanding coverage may win a NEXT Opportunity Award. In 2014, applicants...

+ Learn more about The NEXT Opportunity Award

NEXT Seed Capital Award

The NEXT Seed Capital Award offers a $100,000 unrestricted grant to a single CDFI with a promising idea for expanding coverage. In 2014, applicants must be CDFIs that have innovative strategies to expand housing opportunities in low-income communities. The expansion strategy should be on track to...

+ Learn more about The NEXT Seed Capital Award