In a salute to Homeownership Month, Wachovia Corp., Charlotte, N.C., has announced that its contribution to affordable housing and community development "across the East Coast" totaled over $19 billion in 2002 and that it expects to "exceed those numbers" this year.Jane Henderson, Wachovia's director of community development, said Wachovia helped 450 lower-income families achieve homeownership each week during 2002, creating new jobs in over 650 neighborhoods. This year, Wachovia said it expects to offer financial literacy training to at least 5,000 individuals and to invest another $150 million it recently received as a New Markets Tax Credit from the U.S. Treasury for the construction of for-sale affordable housing units.
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