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| Industry News
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Terri Y. Montague will assume the position of president and chief operating officer of The Enterprise Foundation on September 4. Montague will be responsible for day-to-day operations. She formerly worked with Lend Lease Real Estate Investments and its predecessor, Boston Financial, in Massachusetts. John Taylor, president and CEO of National Community Reinvestment Coalition (NCRC), is taking a three-month sabbatical from NCRC to run for the Massachusetts congressional seat vacated by the recent death of Rep. Joe Moakley. Taylor plans to run on a platform of economic justice, affordable housing, community development, and other “progressive” issues. Larry Broadwell will be acting CEO during Taylor’s sabbatical. David Berenbaum and Lynn Sheri King have joined the staff of National Community Reinvestment Coalition (NCRC). Berenbaum joins NCRC as acting senior vice president for programs and director for civil rights, while King assumes the position of director of legislative and regulatory affairs. Jennifer Vasiloff is the new executive director of The Coalition of Community Development Financial Institutions. She has previously served as the executive director for the Coalition on Human Needs, and has directed various efforts for Physicians for Social Responsibility and the League of Women Voters. Kwaku George is the new director of housing finance for Atlanta Neighborhood Development Partnership, Inc. (ANDP). George will be responsible for general oversight and management of ANDP’s $7 million revolving loan fund. Todd Tillman has also joined ANDP, as development manager. Edward Gramlich has been elected chairman of the Neighborhood Reinvestment Corporation’s board of directors. Gramlich is a member of the Federal Reserve System’s board of governors. The board also elected John Reich, director of the Federal Deposit Insurance Corporation, to serve as vice chairman. The board of Metropolitan Boston Housing Partnership has appointed Mary Lavo Ford as its executive director. Ms. Ford is a former four-term mayor of Northampton, Massachusetts, where she spearheaded the city’s efforts to create more shelters and affordable housing. |
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| Organizations & Initiatives | The Tides Foundation recently received a $581,612 grant under the Residential Lead-Based Paint Hazard Reduction Act of 1992 to provide financial support and technical assistance to lead poisoning prevention education and outreach efforts by parent groups and other community-based organizations. Tides Foundation, 415-561-6400. Verizon Foundation is offering $240 grants to nonprofits with budgets under $500,000 that currently lack internet access, to enable them to gain dialup or high speed access with the provider of their choice. Applications are available at www.verizon.com/foundation, from verizon.foundation@verizon.com, at 800-360-7955 option 5, or by faxing a request to 212-398-4362. HUD has awarded 22 competitive grants totaling $21.5 million to support existing programs that provide housing assistance and support services to more than 4,600 low-income people with HIV/AIDS and their families in 18 states and the District of Columbia. There are nine faith-based organizations among the 44 nonprofit community groups to receive funding. They will receive nearly 19 percent of the grant money awarded. Later this year, HUD plans to distribute $4 million to fund new projects on this issue. The funding is a small part of HUD’s Housing Opportunities for Persons with AIDS (HOPWA) program, most of which is distributed by formula to cities and states. HUD, 202-708-0685. The AMERIND Risk Management Corporation, The Enterprise Foundation, the National American Indian Housing Council and the HUD Office of Native American Programs have launched the $1 million Small Tribes Housing Support Fund. The fund will make new grants and mentoring available to small Tribally Designated Housing Entities (THDE) or small tribes to increase their capacity to provide housing and mortgage programs. Small THDEs or tribes administering a housing program will be able to gain access to tax credits, mortgage supports and state funds. The application deadline is September 2001, and awardees will be announced in November 2001. Nicci Millington, The Enterprise Foundation, 410-772-2444. New Jersey Citizen Action (NJCA), First Union National Bank (FUNB) and Fannie Mae have announced a new initiative designed to increase homeownership opportunities for low-and moderate-income families in New Jersey. Through this initiative, first mortgage financing provided by First Union will be supplemented by second mortgages from a grant provided by Federal Home Loan Bank of Atlanta’s “First Time Homebuyers Program” that will be forgivable after five years. Eligible homeowners will also receive downpayment and closing cost assistance for up to 2 percent of the loan amount or $5000, whichever is less. Fannie Mae will purchase the first mortgages originated by FUNB. NJCA and other organizations will provide homeownership counseling. NJCA, 201-488-2804. |
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Back to July/August 2001 index.
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