$1.3 Million CHIP Subgrants Announced

$1.3 Million Deployed Across U.S. Will Help Transform Investment to Support
 Homeownership for Lower Income Families


NCB Capital Impact Awards 10 Subgrants from its
 Cornerstone Homeownership Innovation Program


WASHINGTON, D.C. (February 28, 2012) — Affordable homeownership will become a reality for an estimated 300 low-income families per year, thanks to $1.3 million awarded to local organizations in 10 U.S. cities by NCB Capital Impact’s Cornerstone Partnership. These grants were made possible through funding provided by the Social Innovation Fund of the Corporation for National and Community Service (CNCS) with private matching funds provided by the Ford Foundation.  These grants will build the capacity of 10 organizations to more effectively manage public investment in affordable homeownership.

The selected organizations include both established and newer programs, and serve urban, suburban and rural housing markets in San Francisco, California, Palm Beach and Broward Counties, Florida, Greater Newark, New Jersey, Nashville, Tennessee, Austin, Texas, Summit County, Utah, Burlington, Vermont, Seattle, Washington, and Washington, D.C.

“The work of these organizations will transform the future for hundreds of families in the next two years, and set the foundation for millions of families to realize their dream of homeownership,

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