Housing Development Fund is a finalist for a $2.8 million grant for affordable-housing initiatives to be awarded in December.
In early October the Stamford-based organization was named a semifinalist in the Wachovia NEXT Awards for Opportunity Finance, sponsored by the Wachovia Foundation; the John D. and Catherine T. MacArthur Foundation; and the Philadelphia-based Opportunity Finance Network.
The organizations award $5.5 million to organizations with at least $50 million in lending assets, and $2.8 million to those with between $10 million and $50 million.
Founded in 1989, Housing Development Fund has helped more than 500 people purchase their first home by helping make up the difference between a mortgage and what a family can afford.
The organization claims to have the largest public-private pool of mortgage financing for affordable housing in Connecticut.
The Corporation for Supportive Housing, a Washington, D.C., organization with an office in New Haven also was named one of 10 finalists.
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