Raleigh, NC — April, 30, 2014 - The Raleigh Area Development Authority donated a total of $12,500 to five Smithfield area non-profits to support neighborhood stabilization efforts. The $2,500 mini-grants are part of a $50,000 grant Wells Fargo awarded to RADA through its Leading the Way Home® program Priority Markets Initiative. The program provides grant support for neighborhood stabilization projects in areas in need of revitalization to stimulate growth, stability and new investment.
The five grantee agencies are:
- Johnston-Lee-Harnett Community Action, Inc.
- Serve the Need
- Me Fine Foundation, Inc.
- Johnston County Youth Services, Inc.
- Community & Senior Services of Johnston County, Inc.
The Leading the Way Home® Priority Markets Initiatives are administered through the Wells Fargo Housing Foundation. Since 2009 the Leading the Way Home® Priority Markets Initiative grant program has provided more than $25 million to nearly 100 communities.
RADA, a HUD approved Housing Counseling Agency, is a not-for-profit community economic development organization founded to provide financial and counseling assistance to low and moderate income residents of North Carolina. Headquartered in Raleigh, RADA has been recognized by the North Carolina Housing Finance Agency (NCHFA) as one of its most effective partners in the N.C. Foreclosure Prevention Fund, Mortgage Payment Program (MPP) funded via the U. S. Department of the Treasury to assist in preventing foreclosure. More information about RADA and the MPP can be found, at http://www.rada-nc.org.
Raleigh Area Development Authority (RADA)
Wallace O. Green, President
4030 Wake Forest Road, Raleigh, NC 27609