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.
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 (FNM/NYSE), the nation’s 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, 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 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...
For the fifth consecutive rating period, KeyBank National Association has received an "outstanding" rating for its Community Reinvestment Act (CRA) lending practices from the U.S. Office of the Comptroller of the Currency (OCC). This is the top rating on a four- category scale...
Lucent Technologies (NYSE: LU) today announced grants totaling more than $1.6 million to 18 Newark N.J.-based organizations for programs designed to better prepare young people to meet the challenges of our changing global society. Eighteen agencies have developed 19 projects that qualify for...
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