Community Development Press Releases

Community development is the process by which civic leaders, activists, local citizens, and professionals improve various aspects of local communities. It empowers individuals with the skills needed to effect change, including building political power and working for a common agenda based on values of fairness, opportunity, and social justice.

CSR Press Releases

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Duluth Mayor Gary Doty Joins the Duluth Local Initiatives Support Corporation, Fannie Mae, and Housing Partners for Roundtable to Combat Predatory Lending; Housing and Community Leaders to Help Protect Consumers from Abusive Lending Practices

Posted: Nov 08, 2000 – 11:00 PM EST

In an effort to address local housing issues and increase homeownership opportunities, Duluth Mayor Gary Doty joined the Duluth Local Initiatives Support Corporation (LISC), local housing partners, and Fannie Mae (FNM/NYSE), the nations largest source of financing for home mortgages, for a housing...

Fannie Mae Announces Pilot to Purchase $2 Billion of "MyCommunityMortgage" Loans; Pilot Lenders to Customize Affordable Products For Low- and Moderate-Income Borrowers

Posted: Oct 29, 2000 – 11:00 PM EST

To expand the secondary market for affordable community-based mortgages nationwide, Fannie Mae (FNM/NYSE), the nations largest source of financing for home mortgages, today announced a commitment to purchase $2 billion of "MyCommunityMortgage" loans through a suite of flexible mortgage options for low- and...

The National Association of Hispanic Real Estate Professionals, RealEstateEspañol.com, CitiMortgage, Inc., and Fannie Mae Announce the "Close the Gap" Campaign; New Effort will Increase Homeownership for Hispanic-American Families in Los Angeles

Posted: Oct 25, 2000 – 12:00 AM EST

The National Association of Hispanic Real Estate Professionals (NAHREP), RealEstateEspañol.com, a wholly-owned subsidiary of Quepasa.com (nasdaq:PASA), CitiMortgage, Inc., a subsidiary of Citigroup (C/NYSE), and Fannie Mae (FNM/NYSE), the nations largest source of financing for home mortgages, today announced NAHREPs "Close the Gap" campaign,...

The Arc of Montgomery County, The Joseph P. Kennedy, Jr. Foundation, Fannie Mae and a County Coalition of Public and Private Individuals and Organizations Announce New Partnership to Bring Rental and Homeownership Opportunities to People with Mental Retar

Posted: Oct 20, 2000 – 12:00 AM EST

In an effort to address the housing needs of individuals and families with special needs, The Arc of Montgomery County, a nonprofit organization dedicated to supporting individuals with mental retardation and related disabilities, the Kennedy Foundation, and Fannie Mae (FNM/NYSE), the nations largest...

University of Pennsylvania, Fannie Mae, Trammell Crow, University Of Sciences In Philadelphia and First Union Announce New Partnership To Develop Rental Housing Opportunities In University City

Posted: Oct 12, 2000 – 12:00 AM EST

The University of Pennsylvania (Penn) and the University of the Sciences of Philadelphia today joined Fannie Mae (FNM/NYSE), the nations largest source of financing for home mortgages, and the Trammell Crow Company to announce an innovative new partnership to preserve and develop moderate-cost...

Fannie Mae Joins Ute Tribe to Announce New Homeownership Opportunities on Uintah and Ouray Reservations

Posted: Oct 06, 2000 – 12:00 AM EST

Ute tribal members will now be able to purchase a home on tribal trust lands using conventional mortgage financing thanks to a partnership between the Ute Indian Tribally Designated Housing Entity (UITDHE), Zions First National Bank, and Fannie Mae, (FNM/NYSE), the nations largest...

Freddie Mac And La Raza Unite To Help Increase Homeownership Among Hispanics

Posted: Oct 05, 2000 – 12:00 AM EST

Technology a Key Component of $2 million Initiative

Bank of America New Markets Initiative Exceeds $200 Million

Posted: Oct 04, 2000 – 12:00 AM EST

Catalyst Fund Supports Local Businesses and Entrepreneurs

City of Memphis, Wells Fargo, Freddie Mac And Local Non-Profit Groups Launch $20 Million Rehabilitation Effort

Posted: Sep 27, 2000 – 12:00 AM EST

Expected To Make Ownership Accessible To More Families, Neighborhoods

Fannie Mae and California Housing Finance Agency Announce Successful Preservation of Affordable Rental Housing in California; Innovative Financing Structure Preserves Over 23,300 Section 236 Rental Units

Posted: Sep 18, 2000 – 12:00 AM EST

A groundbreaking bond transaction between Fannie Mae and the California Housing Finance Agency (CHFA) has laid the groundwork for the successful preservation of more than 23,300 units of affordable rental housing units in 279 separate locations throughout California that could be at risk...