NCB Capital Impact Selected as a NEXT Opportunity Award Finalist!
July 11, 2013
NCB Capital Impact was selected as one of three finalists for the NEXT Opportunity Award for its compelling plan to expand its financing for individuals and families in low and moderate income communities. NCB Capital Impact’s mission is to help people and communities reach their highest potential at every state of life. Since its inception, Capital Impact has deployed nearly $1.9 billion nationwide to economically disadvantaged communities, including more than $70 million in Detroit.
The NEXT Opportunity Award is one of two awards made by the Wells Fargo NEXT Awards for Opportunity Finance. It is the nation’s largest awards program recognizing innovative community development financial institutions (CDFIs)—community lenders that invest in opportunities to benefit low-income, low-wealth, and other disadvantaged communities in the U.S.
The 2013 NEXT Awards will go to CDFIs that develop partnerships, business models, and other opportunities that expand access to financial products and services. The pool of $8.25 million may be awarded to any or all of the finalists.
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