Applications Open for The Wells Fargo Next Awards
Applications are now open for The Wells Fargo NEXT Awards for Opportunity Finance. The awards are designed to promote CDFIs in their efforts to provide underserved communities with affordable and responsible products. The NEXT Opportunity Awards, a total of $7 million, will be awarded to up to four high capacity CDFIs ready to implement their strategy within 6 months of receiving an award. The NEXT Seed Capital Award will offer a $100,000 grant to one CDFI which should be on track to implement their consumer finance strategy within twelve months of receiving an award. Applications must be submitted by March 2, 5:00 PM ET. For more information, a call will be held January 27, 2016, 1:00-2:00 PM ET.