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The Wachovia Community Development Finance group specializes in deploying capital that supports affordable housing, economic revitalization, and small business enterprises throughout Wachovia’s footprint. Our customers are for-profit and non-profit businesses, real estate developers, and financial intermediaries. We work with local community development corporations and real estate developers, as well as with national partners like the Local Initiatives Support Corporation (LISC), and The Community Builders, Inc.
In partnership with the Opportunity Finance Network and the John D. and Catherine T. MacArthur Foundation, The Wachovia Foundation annually recognizes and honors community development financial institutions that bring innovation and leadership to this industry with the $42 million Wachovia NEXT Awards for Opportunity Finance. These awards help promote additional capital deployment for community development.
Some examples of Wachovia capital deployment include:
In addition to partnering with other organizations to meet clients’ needs, we leverage government programs that enable the delivery of housing, community services, and economic renewal. Examples include:
Wachovia invests equity and deposit capital in initiatives that promote affordable housing, community development, and small businesses in our markets. These investments support:
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Related Links
•LISC
•The Community Builders, Inc.
•Partners for Livable Communities
•Opportunity Finance Network
•Wachovia in our Communities
About Wachovia