MacArthur grant

DURHAM, N.C. — Self-Help was awarded a $5 million grant to expand its services in the Hispanic market and in Washington, D.C.

The grant from the John D. and Catherine T. MacArthur Foundation includes converting a $3 million loan to a grant and providing another $2 million to the Durham-based community development financial institution.

The funds will be used to further expand Self-Help’s growing mortgage lending in the Hispanic market and strengthen its banking services for Washington’s low-income population.

The foundation has been a supporter of Self-Help since the 1980’s, and in 1996 awarded its CEO, Martin Eakes, the coveted MacAthur Fellowship, known as the “genius grant,” which provides $500,000 to be used at the recipients’ discretion.

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