$4b opportunity network launched.PHILADELPHIA Philadelphia, ancient cities Philadelphia, name of several ancient cities. One was in Lydia, W Asia Minor (now W Turkey). At the foot of Mt. Tmolus and near the location of modern Alaşehir, it was founded in the 2d cent. B.C. , PA. -- The new $4 billion "Opportunity Finance Network" of 167 financial institutions across the U.S has unveiled a far-reaching far-reach·ing adj. Having a wide range, influence, or effect: the far-reaching implications of a major new epidemic. campaign. It includes: the first phase of a multi-billion "Fair MortgageT" strategy to combat predatory predatory pertaining to predator. predatory behavior the hunting of birds, mice and small reptiles by cats and the hunting and herding behavior of dogs, often facilitated in a pack. lending; plans for $100 million in financing to preserve the affordability of housing units in manufactured home parks; plans for a relief and recovery fund for communities and businesses struggling in the wake of natural disasters and acts of terrorism terrorism, the threat or use of violence, often against the civilian population, to achieve political or social ends, to intimidate opponents, or to publicize grievances. ; the launch of a "National Opportunity Investor Council" to be headed by former Federal Reserve Governor Ned Gramlich; and the development of a bipartisan strategy. Opportunity Finance Network is the new organization that supersedes the 20-year-old National Community Capital Association. For more details about Opportunity Finance Network initiatives for 2006 and beyond, go to http:// www.opportunityfinance.net. |
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