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LEDC

Viernes, 21 Octubre 2016 13:20

#GivingTuesday: NOVEMBER 29,2016

We are less than 6 weeks away from ! Donate on November 29th to make this year the best year yet!
Viernes, 21 Octubre 2016 12:42

LEDC's 25th Anniversary Happy Hour

LEDC's 25th Anniversary & #HispanicHeritageMonth Celebration.









LEDC Receives Two Federal Awards to Support Entrepreneurs in the Greater DC and Baltimore Regions

 

Washington, D.C. - According to an Aspen Institute report (2015) regarding the racial wealth gap, the lack of wealth in Latino and African-American communities is related to the lack of businesses and financial assets. On September 27th, 2016, the U.S. Department of the Treasury announced its awardees for its Community Development Financial Institution Fund (CDFI Fund) program. The Latino Economic Development Center (LEDC) was one of  three organizations in DC and one of two operating in Baltimore who received this award. LEDC will be receiving $500,000 from the Treasury Department to support its small business micro-lending efforts in the DMV region. 

The same week, on September 30th, 2016, LEDC also learned that it had been awarded $400,000 from the Department of Health and Human Service's (HHS) Community Economic Development (CED) program to provide local DC businesses with financing in order to create jobs with living wages for low-income DC residents.   

This is a historic time for LEDC as it is the first time it has secured two federal grants of this size in one year, and the first time it has been awarded Community Economic Development funding through HHS. "We are so excited and honored to have been selected as 2016 CDFI Fund and CED recipients. The new businesses and jobs that will result from LEDC's financing efforts will help low income residents advance economically, strengthen their financial self-sufficiency, and contribute to the revitalization of Washington, D.C and Baltimore City, MD neighborhoods," said LEDC Executive Director, Marla Bilonick.


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About the CDFI Fund:
Since its creation in 1994, the CDFI Fund has awarded more than $2.2 billion to CDFIs, community development organizations, and financial institutions through the CDFI Program, the NACA Program, the Bank Enterprise Award Program, the Capital Magnet Fund, and the Financial Education and Counseling Pilot Program. To learn more about the CDFI Fund and its programs, please view the  Fact Sheet or visit the CDFI Fund's website at  www.cdfifund.gov.  
 
 
About Community Economic Development:
The Community Economic Development (CED) program is a Department of Health and Human Services, Office of Community Services (OCS) initiative designed to address the economic needs of low-income individuals and families through the creation of sustainable business development and employment opportunities.

Learn more about  CED.
Jueves, 22 Septiembre 2016 16:56

LEDC Joins the Global #GivingTuesday Movement

 
LEDC Joins the Global #GivingTuesday Movement
 
Pledges to Help Low-Income Families Avoid Eviction and Improve their Housing Conditions
 
Washington, D.C. - The Latino Economic Development Center (LEDC) has joined #GivingTuesday, a global day of giving that harnesses the collective power of individuals, communities and organizations to encourage philanthropy and to celebrate generosity worldwide. In 2015, LEDC provided homeownership and foreclosure counseling to 330 DC and MD low- to moderate-income residents. Our Homeownership counseling efforts resulted in over 45 District and Maryland residents purchasing their first home. Our counselors in our DC and MD offices achieved 54 positive outcomes with clients facing foreclosure, which included bringing clients current with their mortgage payments, mortgage modifications, and pre-foreclosure sales. Our Housing Fund will provide grants to low-income families struggling to secure safe and affordable housing and help families at risk of eviction. Occurring this year on November 29, #GivingTuesday is held annually on the Tuesday after Thanksgiving (in the U.S.) and the widely recognized shopping events Black Friday and Cyber Monday to kick-off the holiday giving season and inspire people to collaborate in improving their local communities and to give back in impactful ways to the charities and causes they support.  
 
"One of the barriers faced by DC renters are high rents and a lack of savings among low-to-moderate income residents to use in securing rental properties," said Walda Yon, LEDC's Director of Housing. "Given the higher rents and associated upfront costs of securing rental housing- security deposits and first month's rent- we strongly believe it will be key to focus on assisting low-to-moderate income DC families seeking to rent in the District."
 
92Y −  a cultural center in New York City that, since 1874, has been bringing people together around its core values of community service and giving back −conceptualized #GivingTuesday as a new way of linking individuals and causes to strengthen communities and encourage giving.In 2015, the fourth year of the movement, #GivingTuesday broughttogether over 45,000 partners in 71 countries and helped raise nearly $117 Million online in the US alone.
 
"We have been incredibly inspired by the generosity in time, efforts and ideas that have brought our concept for a worldwide movement into reality," said Henry Timms, founder of #GivingTuesday and executive director of 92Y. "As we embark on our fifth year of #GivingTuesday, we are encouraged by the early response from partners eager to continue making an impact in this global conversation."  
 
 
For more details about the #GivingTuesday movement, visit the #GivingTuesday website (www.givingtuesday.org), Facebook page (https://www.facebook.com/GivingTuesday) or follow @GivingTues and the #GivingTuesday hashtag on social media.
 
 
About #GivingTuesday
#GivingTuesday is a movement to celebrate and provide incentives to give-the 2016 iteration will be held on November 29, 2016. This effort harnesses the collective power of a unique blend of partners-nonprofits, businesses and corporations as well as families and individuals-to transform how people think about, talk about and participate in the giving season. #GivingTuesday inspires people to take collaborative action to improve their local communities, give back in better, smarter ways to the charities and causes they celebrate and help create a better world. #GivingTuesday harnesses the power of social media to create a global moment dedicated to giving around the world.