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Wachovia aids revitalization effort in Lancaster

North Carolina-based Wachovia Bank will provide $250,000 to the Spanish American Civic Association in Lancaster to boost the nonprofit’s community-development efforts.

North Carolina-based Wachovia Bank will provide $250,000 to the Spanish American Civic Association in Lancaster to boost the nonprofit’s community-development efforts.

The money, which will be distributed over a five-year period, will help to pay for the construction and development of new homes and related neighborhood improvements in the southeast part of Lancaster. The money also will help fund the development of the Family and Student Center, a learning facility that is expected to assist 150 adults and 90 at-risk students.

The funding was made possible through the state’s Neighborhood Partnership Program. Companies that contribute funding for a neighborhood organization to develop and implement a revitalization plan are eligible to receive tax credits equal to 70 percent of their contribution.

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