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In brief: Group up for $2.8M
Lancaster-based Community First Fund has been named a
semifinalist for a nearly $2.8 million national award.
The other nine semifinalists for The Wachovia Next Awards
for Opportunity Finance include community-development financial institutions in
Louisiana, New York,
New Mexico, Illinois,
California and New Hampshire. One organization with more
than $50 million in assets will receive a $5.5 million award. A second with
between $10 million and $50 million in assets will receive a $2.8 million
prize. Four $25,000 prizes also will be awarded.
A selection committee will meet Sept. 25 in Chicago to choose the winners. The awards
will be presented Dec. 10 in Albuquerque,
N.M., during the Opportunity
Finance Network’s annual conference.
The Wachovia Next Awards for Opportunity Finance recognize
excellence among financial institutions that responsibly serve low-income and
low-wealth people and communities. The program is funded by the Opportunity
Finance Network, The Wachovia Foundation and The John D. and Catherine T.
MacArthur Foundation.
