March/April 2001

Industry News

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Maggie DeSantis, executive director of the Warren-Connor Development Coalition in Detroit, was among five people honored for their contributions to the city in a “Living The Dream” celebration sponsored by Ameritech and Detroit Public Television, and held at Detroit’s African-American Museum.

Neighborhood Reinvestment Corporation has appointed Charles Buki as director of training. He replaces former training director Nancy Taft, who retired in January.

Richard Scott has been named interim executive director of Asian Neighborhood Design in San Francisco. He replaces Maurice Lim Miller, who has retired to spend more time with family and work on special projects.

Eric S. Belsky, executive director of Harvard University’s Joint Center, has been named to the Millennial Housing Commission as its research director.

Mack Cavanaugh has joined The Enterprise Foundation as treasurer and chief financial officer. He comes to the organization from The Kane Company in Elkridge, MD where he served as vice president of finance since 1994.

Vincent O’Donnell has been named vice president for preservation initiatives for Local Initiatives Support Corporation (LISC). O’Donnell will lead LISC’s efforts to preserve affordable housing against gentrification and market pressures. He was formerly the director of development for Community Economic Development Assistance Corporation in Massachusetts. Sara Brazeal, 312-697-8257.

The Institute for Community Economics (ICE) and the Community Land Trust (CLT) Network have announced the appointment of Bob Reeder as the CLT Network director. Reeder comes to the CLT Network with over 20 years experience as a practitioner, trainer and technical assistance provider in community-based economic development and neighborhood revitalization. He will be responsible for advancing the CLT voice in public policy, facilitating greater communication and collaboration among CLTs and embarking on a media campaign to make “community land trust” a household concept.


Organizations & Initiatives The Citigroup Foundation and the National Community Reinvestment Coalition (NCRC) are partnering on the Citigroup Financial Education Leadership Initiative. The initiative will give up to 3000 low-income, minority and underserved individuals and families greater access to financial products and services through financial education training. NCRC will use the two-year $1 million grant to fund local community organizations in New York, Miami, Chicago, Los Angeles and Washington, DC and to train people from 150 community-based organizations to present NCRC’s financial literacy curriculum in their local neighborhoods. Fifteen of these organizations will be selected by an advisory board to receive $20,000 to $30,000. www.citigroup.com.

The Neighborhood Reinvestment Corporation received a $670,000 grant from HUD to help 89 NeighborWorks® housing organizations throughout the country improve and expand housing counseling services for low- and moderate-income people. The grant is part of $6.5 million in competitive housing assistance grants that HUD made to 12 national, regional and multistate intermediaries. Debra Daniels, NRC, 202-220-2354.

The Enterprise Foundation has launched The Enterprise Homeownership Program, a three-year, $100 million commitment to provide homeownership among low-income families in Los Angeles. The initiative will renovate and repair more than 1680 foreclosed, dilapidated properties in six Los Angeles neighborhoods and convert them to affordable homes. The California Community Foundation also awarded Enterprise $1.3 million for homebuyer counseling, developer training, financial literacy and community organizing to complement the initiative’s renovation plans. Joanne Veto, Enterprise, 202-543-4599 x17.

Seven nonprofit and for-profit developers received the annual Chicago Neighborhood Development Awards sponsored by LISC/Chicago: Greater Southwest Development Corporation, Bethel New Life, Lake Park Pointe LLC, Lawndale Christian Development Corporation, Site Design Group, Landon Bone Architects, and Ross Barney & Jankowski, Inc. John Pritscher of Community Investment Corporation and Milton Davis of Shorebank Chicago Companies also received awards. Andrew J. Mooney, LISC/Chicago, 312-697-6104.

NCB Development Corporation, in partnership with The Robert Wood Johnson Foundation, has awarded three-year, $300,000 grants to eight states willing to make regulatory changes to foster affordable assisted living for low-income elders. NCB’s Coming Home program provides grantees with technical assistance on state public policy issues, a revolving loan fund and assistance to local sponsors who wish to develop affordable assisted living. The states receiving the grants are: Alaska, Arkansas, Florida, Iowa, Maine, Vermont, Washington and Wisconsin. Tracy Zimmerman or Janeen Lawlor, NCB Development Corporation, 202-518-8047.

Wells Fargo Housing Foundation, on behalf of Wells Fargo Home Mortgage, Inc., has donated $877,000 to Neighborhood Reinvestment Corporation to expand the services of NeighborWorks® Homeownership Centers in 30 cities over a three-year period. The donation will also support a fellows program that will provide financial assistance to NeighborWorks® organizations seeking Home Ownership Training and Community Development Lending certification through NRC’s Training Institute.


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