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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Freddie Mac Anti-Predatory Lending Effort Expands to DeKalb, Fulton Counties

Posted: Sep 06, 2000 – 12:00 AM EST

Counties will Join Atlanta in "Don't Borrow Trouble" Public Service Campaign

Bank of America and Goodwill Industries Expand Collaboration; Program Provides Jobs for Welfare Recipients

Posted: Aug 31, 2000 – 12:00 AM EST

Bank of America and Goodwill Industries International announced they are expanding their collaboration through a national partnership that will result in more work opportunities at the bank for Goodwill clients across the U.S. Under the agreement, Bank of America will work closely with...

U.S. Representative Barbara Lee, Congressional Black Caucus Members and Fannie Mae Announce $500,000 Deposit with Community Bank of the Bay to Expand Affordable Housing Opportunities in West Oakland; Announcement is Part of Western Regional Housing Summit

Posted: Aug 11, 2000 – 12:00 AM EST

An innovative affordable homeownership effort in West Oakland is one step closer to reality thanks to a $500,000 deposit announced today by U.S. Representative Barbara Lee (D-CA) between Community Bank of the Bay, Northern California Land Trust (NCLT), and Fannie Mae (FNM/NYSE), the...

PMI Mortgage Insurance and Wells Fargo Home Mortgage Launch Joint Native American Lending Effort

Posted: Jul 25, 2000 – 12:00 AM EST

PMI Mortgage Insurance Co. and Wells Fargo Home Mortgage, Inc., today announced a comprehensive alliance to create homeownership opportunities for Native Americans living on and off reservations nationwide. This partnership is the first national effort by a leading mortgage lender and mortgage insurer...

3Com CEO Eric Benhamou Provides Keynote Address On Digital Divide For Commonwealth Club Of Silicon Valley

Posted: Jul 19, 2000 – 12:00 AM EST

Speech Outlines Multiple Facets of Divide: What It Is, Why It Is Important, and What Can Be Done to Bridge the Divide

First Union Commits to Invest $750,000 in Florida Community Loan Fund to Support Statewide Revitalization Efforts

Posted: Jul 17, 2000 – 12:00 AM EST

Total of $1.5 Million Pledged to Four Florida Community Groups

NAACP, Bank of America Announce Homeownership, Small Business Alliance

Posted: Jul 13, 2000 – 12:00 AM EST

Kweisi Mfume, president of the National Association for the Advancement of Colored People (NAACP), and Michael H. Dulan, Bank of America Community Development Banking president, today announced a five-year, $6 million initiative to help increase homeownership among traditionally underserved populations, as well increase...

Fannie Mae to Invest in New York National Bank in an Effort to Expand Lending Opportunities for Underserved Community

Posted: Jul 07, 2000 – 12:00 AM EST

Fannie Mae (FNM/NYSE), the nations largest source of financing for home mortgages, today announced a $670,000 equity stock-purchase investment in New York National Bank, a minority-owned financial institution in the South Bronx. U.S. Representative Jose Serrano (D-NY), joined representatives from New York National...

Wells Fargo and Opus Northwest donate $60,000 to aid community development in Puget Sound

Posted: Jul 05, 2000 – 12:00 AM EST

Wells Fargo and Opus Northwest, L.L.C. are partnering with Seattle LISC to build critical affordable housing and revitalize distressed neighborhoods throughout Puget Sound. The two organizations donated a total of $60,000 to LISC (Local Initiatives Support Corporation). LISC is the nation's leading community...

KeyCorp's Commitment to Cleveland Neighborhoods Increases to More Than $1 Billion

Posted: Jun 26, 2000 – 12:00 AM EST

KeyCorp announced today that its Retail Banking subsidiary, KeyBank National Association, has signed a third consecutive four-year agreement with the City of Cleveland for local community reinvestment. The latest $400 million commitment increases Key's funding for community reinvestment in Cleveland to more than...