Press Releases
Four CDFIs Vie for $8.25 Million in Awards for Responsible Financing Strategies
The nation’s largest and most prestigious awards program for responsible finance today announced the four finalists for $8.25 million in prizes. Coastal Enterprises, Inc. (ME) and NCB Capital Impact (VA) are competing for $5.5 million and Opportunity Fund (CA) and The Progress Fund (PA) are competing for $2.75 million in grants and low-cost, long-term loans. The two Awardees will be announced in October and celebrated at an event at the Opportunity Finance Network (OFN) Conference in November in Minneapolis.
Dateline: 8/02/11
Four Leading Community Development Financial Institutions Receive $25,000 from Wachovia Wells Fargo NEXT Awards for Opportunity Finance
Four of the nation’s top Community Development Financial Institutions (CDFIs) were awarded $25,000 each in unrestricted grant prizes at the fourth annual Wachovia Wells Fargo NEXT Awards for Opportunity Finance. The awards program, held at the 2010 Opportunity Finance Network (OFN) Conference, is the nation’s largest and most prestigious awards program rewarding CDFIs for responsible lending.
Dateline: 11/04/10
Wachovia Wells Fargo NEXT Awards for Opportunity Finance Award Two Outstanding CDFIs $8.25 Million
The nation’s largest and most prestigious awards program for community development financial institutions (CDFIs) announced today that two of the nation’s top-performing CDFIs—Boston Community Capital and Enterprise Cascadia—are the recipients of the 2010.
Dateline: 10/19/10
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Wachovia Wells Fargo NEXT Awards for Opportunity Finance Announce 2010 Finalists for $8.25 Million
The nation’s largest and most prestigious awards program for community development financial institutions (CDFIs) announced today that four leading U.S. CDFIs are finalists for awards totaling $8.25 million.
Dateline: 08/10/10
Four Leading Community Development Institutions Each Receive $25,000 From Prestigious Wachovia NEXT Awards for Opportunity Finance
Chosen for their outstanding accomplishments in the categories of Community Impact, Financing, Innovation, and Advocacy, this year's $25,000 awardees exemplify the numerous ways in which CDFIs work to create economic opportunity in underserved markets and the range of low-wealth and low-income people and places they reach.
Dateline: 10/29/09
Wachovia NEXT Awards for Opportunity Finance Honor Two Outstanding Community Development Financial Institutions with $8.25 Million
Two of the nation's top-performing Community Development Financial Institutions (CDFIs)—New Hampshire-based Community Loan Fund and Kentucky-based Federation of Appalachian Housing Enterprises (FAHE)—are the recipients of the 2009 Wachovia NEXT Awards for Opportunity Finance. The two CDFIs will receive $8.25 million in grants and low-cost loans and will be honored on Wednesday, October 28th at the Opportunity Finance Network (OFN) Conference in Charlotte, North Carolina.
Dateline: 10/13/09
“Best in Class” Community Development Financial Institutions Vie for $8.25 Million Wachovia NEXT Awards for Opportunity Finance
Three Top-Performing CDFIs Named as Semi-finalists and Four Top-Performing CDFIs Revealed as Finalists in Prestigious Awards Program for Innovative Financial Approaches and Responsible Lending.
Dateline: 8/12/09
Wachovia NEXT Awards for Opportunity Finance Honor Two Outstanding Community Development Financial Institutions with $8.25 Million
Two of the nations top-performing Community Development Financial Institutions (CDFIs)—Chicago-based IFF and New Mexico-based Homewise—were honored last night at the national 2008 Opportunity Finance Network (OFN) Conference for innovative, responsible lending programs that directly benefit low-and moderate-income communities.
Dateline: 12/10/08
Four Leading Community Development Financial Institutions Each Receive $25,000 From Prestigious Wachovia NEXT Awards For Opportunity Finance
Four leading Community Development Financial Institutions (CDFIs) were awarded $25,000 each in unrestricted grant prizes at the second-annual Wachovia NEXT Awards for Opportunity Finance. The awards program, held at the national 2008 Opportunity Finance Network (OFN) Conference, is one of the nations largest and most prestigious for responsible lending.
Dateline: 12/10/08
“Best in Class” Community Development Financial Institutions vie for $8.25 Million Wachovia NEXT Awards for Opportunity Finance
One of the nation’s largest and most prestigious awards programs for responsible lending in the financial services industry today announced that four leading U.S. community development financial institutions (CDFIs) are finalists for $8.25 million to scale up their success. These exemplary lenders are in the running for the highly competitive 2008 Wachovia NEXT Awards for Opportunity Finance, to be announced on December 10, 2008, in Albuquerque, NM.
Dateline: 10/21/08
10 Innovative U.S. Finance Institutions Picked to Compete for $8.25 Million Wachovia NEXT Awards for Opportunity Finance
One of the nation’s largest and most prestigious awards programs in the financial services industry today announced that 10 U.S. community development financial institutions (CDFIs) are semifinalists for $8.25 million to scale up their success. CDFIs are special purpose financial institutions skilled at creating opportunities and economic growth in hard-to-serve markets across the nation.
Dateline: 8/04/08
2008 Round of Multi-Million Dollar Awards Program Opens for Responsible Lenders
Opportunity Finance Network (OFN) today announced the second annual round of the Wachovia NEXT Awards for Opportunity Finance an awards program totaling $8.35 million for responsible lenders across the United States known as community development financial institutions (CDFIs). The awards are presented by Opportunity Finance Network and funded by The Wachovia Foundation and the John D. and Catherine T. MacArthur Foundation.
Dateline: 4/01/07
Unprecedented $8.25 Million “Wachovia NEXT Awards for Opportunity Finance” Boost Two Community Development Financial Institutions (CDFIs)
Two U.S. financial institutionsLatino Community Credit Union, Durham, N.C., and ACCION Texas, San Antonio, Texasare sharing $8.25 million in investments as winners of an unprecedented new prize presented by the Opportunity Finance Network (OFN) and funded by The Wachovia Foundation and the John D. and Catherine T. MacArthur Foundation.
Dateline: 12/13/07
Four Community Development Financial Institutions (CDFIs) Each Receive $25,000 “Wachovia NEXT Awards for Opportunity Finance”
Four outstanding U.S. financial institutions will receive $25,000 each in unrestricted grant prizes from the Opportunity Finance Network (OFN) funded by The Wachovia Foundation and the John D. and Catherine T. MacArthur Foundation.
Dateline: 12/13/07
10 U.S. Organizations Named as Semi-Finalists for $8.25 Million “Wachovia NEXT Awards for Opportunity Finance”
Community-Based Groups Eyed for “Transformational” Award Offered by The Wachovia Foundation, MacArthur Foundation and Opportunity Finance Network; Organizations Range from NH to CA.
Dateline: 10/02/07
Wachovia NEXT Awards Applications Update
The application window closed on Monday, August 20, for the premiere round of the Wachovia NEXT Awards for Opportunity Finance in partnership with the John D. and Catherine T. MacArthur Foundation. On December 12, 2007, in Miami, Florida, the Wachovia NEXT Awards will recognize six (6) outstanding CDFIs based on the applications received.
Dateline: 8/22/07
$42 Million Awards Program to Support Community Development Financial Institutions Aiding Low-Income and Low-Wealth People
The Wachovia Foundation, the John D. and Catherine T. MacArthur Foundation and the Opportunity Finance Network will award $42 million to exceptional community development financial institutions (CDFIs) serving low-income and low-wealth people throughout the U.S. Today, they announced their partnership and launched a new five-year program called the “Wachovia NEXT Awards for Opportunity Finance.”
Dateline: 6/25/07