Friday, June 13, 2008

Wachovia Foundation Lend a Hand to Latino Group











The Wachovia Foundation has pledge to provide NCLR with $16.25 million to assist economic development in Latino communities across the country.

The foundation is forming a partnership with the National Council of La Raza (NCLR) that will allow NCLR to receive up to 5 million in grants over five years to provide homebuyer counseling and different community development projects.

NCLR also will receive $ 1.25 million over five years sponsor events organized by La Raza and $10 million loan to fund growth to NCLR Development Fund’s lending activities.

La Raza is the largest national Latino civil rights and advocacy organization in the United States.

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