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Busy loan fund lands stimulus cash
Oct 30, 2009; Central Penn Business Journal | The roles of nonprofit Community Development Financial Institutions may be a category of stimulus success stories for the nonprofit sector to tout. While our nation’s TARP-subsidized banks are hoarding their loan dollars, the Community First Fund in Lancaster, Pennsylvania has increased its lending to affordable housing and small business projects by $1.1 million as of the fiscal year that ended in June. In addition, CFF has used its $1 million in stimulus money to leverage an additional $2.4 million in lending capacity from the Small Business Administration, the Department of Agriculture, and PNC Bank. The CDFI story to us at NPQ seems worth telling and retelling—especially in comparison to our nation’s highly compensated too-big-to-fail commercial banks.—Rick Cohen

Foundations support emerging news sources
Nov 5, 2009; Chicago Tribune | As the newsgathering business continues to reinvent itself, the legion of foundation-funded news outlets continues to grow. The latest round of funding comes jointly by the Chicago Community Trust and the John D. and Catherine T. MacArthur Foundation. A dozen recipients will divvy up a half-million dollars in Community News Matters Award money—the biggest checks going to the Better Government Association and Chicago Youth Voices Networks, each given $60,000. Perhaps signaling a growing trend, Columbia College Chicago and Loyola University Chicago were both awarded $45,000. Columbia College will use the money for a project involving the Chicago Tribune‘s Chicago Now site. Other university-related journalism can be found at University of California, Berkeley, Boston University, and Brandeis University in Boston.—Aaron Lester

Wall St. Bankers Jump in Line, Get H1N1 Vaccine First
Nov 5, 2009; CNNMoney.com | A Washington, D.C., nonprofit group wants to know why Wall Street bankers are getting vaccines against the new H1N1 flu strain when many Americans are being told to wait. The nonprofit Citizens for Responsibility and Ethics in Washington, or CREW, is urging U.S. Department of Health and Human Services Secretary Kathleen Sebelius to begin an immediate investigation into why the U.S. Centers for Disease Control approved distribution of scarce vaccines to firms such as Citigroup Inc., Goldman Sachs Group Inc., and JPMorganChase & Co. Well, Wall St. has had a tough year. Kudos CREW.—Aaron Lester

 

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