PACDC’s activities have culminated in $180 million to date in new resources for affordable housing and neighborhood economic development.
Bank of America Announces Neighborhood Excellence Initiative Grants
Bank of America Charitable Foundation announces 2011 round of Neighborhood Excellence Initiative®
The Neighborhood Excellence Initiative is divided into three categories of awards:
§ Neighborhood Builders® – Provides $200,000 in general operating support grant funding and leadership training over two years to two neighborhood non-profit organizations working to promote vibrant neighborhoods. (2 organizations in Greater Philadelphia chosen each year)
§ Local Heroes - Recognizes and honors five community heroes per year; recipients are able to direct a $5,000 contribution to an eligible non-profit of their choice. (5 individuals chosen in Greater Philadelphia each year)
§ Student Leaders® - Recognizes five exemplary junior or senior high school students with a passion for community service. Each student participates in an eight-week paid summer internship with a community-based organization, as well as a week-long Student Leadership Summit in Washington, D.C.
Applications are now being accepted for the NEIGHBORHOOD BUILDER AND LOCAL HERO Categories. To learn more about the program and for details on the application process, visit http://www.bankofamerica.com/neighborhoodexcellence
IMPORTANT NOTE: DEADLINE IS JUNE 1 THIS YEAR!
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The Philadelphia Housing Trust Fund has raised nearly $80 million since September 2005 to expand housing opportunities for more than 6,000 Philadelphia families.
The CDC Tax Credit Program has fostered 35 partnerships between businesses and non-profits that is providing $60 million in new funding for CDC neighborhood economic development.
PACDC’s Member Services programming builds capacity of CDCs through technical assistance and training, sharing of best practices, networking, and promotion of the local CDC industry.
The local CDC industry generated $3.3 billion in economic impact in Philadelphia during the past 20 years.
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