NALCAB is breaking new ground in the community development industry and opening access to capital for Latino asset building organizations on a level never before achieved. For over 10 years, NALCAB has combined solution-based advocacy with federal agencies and private philanthropies to increase capital flows, with a program of technical assistance for nonprofits, to ensure they are well positioned to utilize increased capital. 

Over the past two years, NALCAB has provided direct technical assistance to more than 45 organizations in 21 states and the District of Columbia and has assisted member organizations to secure approximately $165 million. Consider some of NALCAB’s recent accomplishments in helping local organizations access capital.

• NALCAB organized 15 organizations to apply for funding under the US Department of Housing and Urban Development’s (HUD) Neighborhood Stabilization Program.  Led by Chicanos Por La Causa of Arizona, NALCAB’s largest member organization, this consortium was awarded $137 million federal funding to acquire and rehabilitate foreclosed properties; this was among the single largest one-time federal investments ever targeted to predominately Latino communities. 
  
  
• Recently, NALCAB led a team that includes National Coalition for Asian Pacific American Community Development, eight state associations of community development corporations and a wide range of private sector partners to secure a $900,000 allocation under US HUD’s new One CPD Technical Assistance Program.
  
  
• Led by Mission Economic Development Agency of San Francisco, in March 2010, 12 NALCAB member organizations secured $3.7 million under the Broadband Technology Opportunities Program (BTOP) to establish broadband-enabled small business support centers.
  
  
• NALCAB has played a central role in supporting 10 member organizations to secure more than $6 million under the Job Opportunities for Low-income Individuals and Community Economic Development grant programs from the federal Office of Community Services, which focus on investing in market-based job creation strategies.  This represents a dramatic increase in the number of primarily Latino-serving economic development organizations that have accessed these funding programs over the past three years.
  
  
• With over $650,000 from private regional foundations and corporate partners, NALCAB is operating the nation’s only program focused on building the capacity of asset building nonprofits that serve emerging Latino communities across the South and Northwest, including making more than $200,000 in pass through grants to support local asset building programs.

Over the next three years, NALCAB estimates that, as a result of these investments, member organizations will: