After hearing from federal regulators on the proposed new rule for the #CommunityReinvestmentAct, we heard reflections from leading advocate voices. Here’s
As a brand new member of @NALCAB we at @CAAB_GreaterDC are excited to have submitted our 1st grant proposal to NALCAB. Looking forward to hopefully securing this funding & provide #financialempowerment to the Latinx community in the Washington, DC metro region. cc: @MarlaBilonick
We are proud to announce the RBLC’s two newest members: @NALCAB, a national network of 140+ mission-driven orgs that are anchor institutions in geographically diverse Latino communities, and @caminofinancial, an AI-powered community lending platform for overlooked entrepreneurs!
“…Latino business owners are frequent targets of unfair and uncouth small business lending practices. NALCAB is proud to join the @TheRBLC to elevate and address this critical challenge to narrowing the racial & ethnic wealth gap in our nation." -@MarlaBilonick, President & CEO twitter.com/TheRBLC/status…
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in Portland! Check out their latest development, which will provide 142 affordable housing units for the city, and photos from our visit with their former client, Gloria at Santo Domingo Taqueria.
's "Home Ownership Series." She joins other national housing experts to discuss affordable housing, the real estate industry & generational wealth building for Latino families. https://bit.ly/3NaZgDF
Today NALCAB's @MarlaBilonick joined a panel of BIPOC CDFI leaders for an insightful discussion at the @NCRC's "Just Economy" Conference to solicit and share ideas on how CDFIs can return to a civil-rights focused approach to help narrow racial wealth and opportunity gaps.
Today: NALCAB's @MarlaBilonick joins a distinguished panel of housing finance experts for the @urbaninstitute's discussion on Modernizing the Community Reinvestment Act
for your leadership on this issue & working to ensure that resources go where they are needed MOST.
#VoteYes on the Targeting Resources to Communities in Need Act- ensuring access to vital resources for our Latino communities with the highest poverty rates
There are far too many communities living in a cycle of poverty, overlooked by the federal programs meant to provide relief.
My bill with @RepHalRogers will ensure that the communities struggling the most get access to life-changing resources.
, the first Latino & second woman to chair the National CDFI Community Development Advisory Board. Learn her perspective on bringing money into underserved communities, challenges facing Latino-led CDFIs & more:
The 21-22 Class of the Pete Garcia Fellowship is in San Antonio this week for their 1st in-person training. We're excited to be hosting these next-generation Latino leaders and learning about the paths that have led them to be advocates in the field of community economic devt.
's report on no-cost extended payment plans & their inability to help borrowers exit rollover & fee cycles.
This effort is part of how the CFPB & NALCAB will continue to pressure the payday lending industry that is so detrimental to the communities NALCAB serves.
A report published today by the CFPB shows few payday loan borrowers are benefiting from no-cost extended payment plans, which are required to be offered to borrowers in the majority of states that do not prohibit payday lending. https://go.usa.gov/xu34F
says #CDFIs are critical to US #economic success because their close relationships with community members make them "better positioned to serve the needs of those communities." Read more:
Expanding our nation's investment in community lenders has been a priority of mine for years. CDFIs and MDIs predominantly serve overlooked and underserved communities. They are real leaders who see the potential in our entrepreneurs.
NALCAB's @MarlaBilonick was on hand with other industry leaders for the announcement by @VP Harris about @GW_Partnership's $4.7B investment in minority-owned businesses in the Captial Region. @SBAIsabel@OppFinance [https://bit.ly/3uCj5N3]
NALCAB leadership was thrilled to be a part of this powerful group of Latino changemakers participating in the 1st stop of the @WhiteHouse Latino Economic Summit last week in SA. @SBAIsabel@JoaquinCastrotx@ProsperWestSA@AspenLatinos@UTSA@MarlaBilonick@TX_FTBLR@SAAFdn twitter.com/SBAIsabel/stat…
Did you know?
Eliminating racial disparities in the amount of wealth families gain from owning a home would narrow the wealth gap by an additional 41% between Latino & white households.
We applaud the #PAVEActionPlan & hope to see it create greater economic mobility for Latinos
Homeownership gives people a pathway to build wealth. But for too long, biased appraisals have obstructed that pathway for people of color.
Today, we release our #PAVEActionPlan, the beginning of the end of decades-long discrimination in home appraisals. https://pave.hud.gov
In this @NextCityOrg interview, OFN Board member & @NALCAB President & CEO @MarlaBilonick talks about the importance of minority #CDFIs banding together, the growth of corporate investors like @Google & @Twitter & what concerns her most about the industry's future. Check it out! twitter.com/NextCityOrg/st…
We're excited to kick off the @WhiteHouse Initiative Latino Economic Summits TODAY in San Antonio at @UTSA where @SBAIsabel will deliver remarks. The summit will connect the local Latino community to resource info & federal leaders. Tune in: https://facebook.com/WhiteHouseHispanicInitiative…#WHLatinos
@NALCAB 's @MarlaBilonick was in Ft Worth today to speak at the launch of that city’s new initiative “CDFI Friendly Fort Worth" which aims to bolster lending access to minority communities & entrepreneurs. https://star-telegram.com/news/local/crossroads-lab/article257739563.html…
Today, NALCAB President & CEO @MarlaBilonick was elected Chair of the Biden Administration's @CDFIFund Community Development Advisory Board. She is the first Latina (or Latino) Chair in the Board's 27-year history & only the second woman to ever hold this post. #CDFIFund
! We’ll discuss strategies for investing in communities to produce Black & Brown wealth! Join us July 23 at 10am.
Register here: https://bit.ly/WRAGJuly23
What is a #CDFI? @LucyAB_LIIF_CSO, Donna Gambrell, @MarlaBilonick & @NCRC break it down. 1,000+ community development financial institutions offer flexible financing & support to spur economic growth in communities underserved by investment & banking options.
#CDFIsInvest
This week's Policy & Política is now published! Read for info on NALCAB's upcoming Public Policy Committee meeting, updates on the @SBAgov RRF, and more: https://mailchi.mp/3b0ccd80fb51/policy-poltica-november-20-1543506?e=f82f61db80…
! I felt this amazing team's 'chispa' through the computer screen!!! Motivated to grow and serve the NALCAB membership. #Palante#letsdothis#LatinoEconomicEngine
This morning NALCAB staff welcomed Marla Bilonick on her first day as the organization's new President & CEO! We're thrilled to have her on board to help lead NALCAB through its next phase of growth. Learn more about our dynamic new leader: https://pos.li/2im9fp