Chigaco Groups Win MacArthur Foundation Grants


Community Investment Corporation and Business and Professional People for the Public Interest have won grants from the MacArthur Foundation.

MacArthur President Robert Gallucci says locally, they wanted to focus on housing. Community Investment Corporation is receiving $2 million, will use the money to create more affordable rental housing in Chicago neighborhoods.

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Federal Programs Related to - Community Development, General/Other

Programs that focus broadly on strengthening, unifying and building the economic, cultural, educational and social services of a community or neighborhood and improving the quality of life for all. Community Building; Community Capacity Building; Community Development and Improvement; Community Development Block Grants; Healthy Communities Community Economic Development Programs that provide technical assistance and funds to help communities retain and recycle income within the community by investing in the development of local institutions and businesses. Business Growth; Business Loans; Economic Growth; Economic Transformation; Real Estate Organizations; Socioeconomic Development; Technology Transfer; Transfer of Technology; Urban Enterprise Zones


John Converse Townsend, a Forbes contributor, shares what can the private sector do for a social enterprise. He encourages social enterprises to reach out to corporations for help to scale up their businesses.




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