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      • National Programs – Small Business Development Small business development is an important path to wealth creation and small businesses in their first five years are credited with being the primary source of net job creation in the United States. For Latinos, entrepreneurship has been a critical strategy for balancing the distribution of assets for Latino families, and has been a driver of the national economy. NALCAB supports member organizations in Latino communities across the country to reduce barriers to entry, promote access to capital, and facilitate the creation of commercial corridors, incubators and mercados. Click here to learn more about our Small Business Development program. Financial Capability Culturally and linguistically relevant financial capability programs are crucial for unlocking economic potential for Latinos and other diverse communities of color. Individuals who are new to the U.S. financial system and those who have limited English proficiency face barriers to conducting basic financial transactions, building a credit history, accumulating savings, and accessing credit on fair and affordable terms. To address these realities, NALCAB works with members to create and strengthen Financial Capability programs that build knowledge and access to resources that allow consumers to understand credit and credit scores, access financial services and products, and avoid…
      • Special Initiatives – Special Initiatives Rent Reporting Pilot Project In 2017, NALCAB launched a pilot project to build the credit and financial capability of tenants in affordable rental housing communities that are owned/operated by Latino-serving non-profit institutions. The pilot design built on previous work on rent reporting by the Credit Builders Alliance (CBA). CBA convincingly made the case that, “unlike homeowners, renters do not ‘get credit’ on their credit report for making their monthly housing payments. 45% of individuals in low-income neighborhoods are ‘credit invisible’ or ‘unscorable’. Many have few opportunities to build credit history which directly impacts their ability to get and stay ahead in today’s economy.” NALCAB believed this promising practice could have a particular benefit in LMI Latino communities due to the high percentage of households with thin credit and no-credit. NALCAB provided grants, technical assistance, and training to owner/operators of multifamily rental housing that already had existing resident services infrastructure in order to build their capacity to provide best-practice-based, culturally-relevant financial capability services and to implement rent reporting to credit bureaus. This ongoing pilot project has provided compelling initial evidence that rent reporting has a more significant impact than financial capability services alone. If you are interested in learning…
      • National Training and Webinars – NALCAB’s National Training offers three distinct courses: Equitable Neighborhood Development, Small Business Development and Financial Capability and Capacity Building. The training provides 20+ hours of culturally-relevant training to more than 150 nonprofit practitioners who work in low-to-moderate income communities. Participants are exposed to replicable best practices, linguistically-relevant curricula, leading industry experts, and emerging innovations. NALCAB’s National Training will be held this Fall in San Antonio, Texas. The Equitable Neighborhood Development course is designed to assist public and private sector practitioners with identifying and influencing the impact of capital flow into communities. This track is for practitioners who acknowledge the importance of local context and see community-driven solutions. The Financial Capability course is designed to assist participants in implementing culturally-relevant curriculum; developing financial coaching skills tailored to the needs of their community; identifying and helping clients utilize safe, affordable and proactive financial products and services; and recognizing the opportunities to influence financial capability policies on a local and national level. The Small Business Development course will focus on unlocking the economic potential of Latino entrepreneurs, while minimizing the impact of cultural barriers they face to growing and sustaining their businesses. This track is designed for practitioners in the small business development…
      • Pete Garcia Fellowship – Established in 2010, the NALCAB Pete Garcia Community Economic Development Fellowship was created to address the growing leadership gap in non-profit community economic development organizations serving low- and moderate-income Latino communities. The program was developed to ensure that next generation Latino leaders build the practical, personal, and professional skills needed to fill the increasing leadership gap in the community economic development field. NALCAB is the only national organization that has developed culturally-relevant curricula and training methods specifically aimed at building the capacity of Latino-serving community development and asset building practitioners. The curriculum is specifically designed to help practitioners become more effective leaders through leadership development, technical training, and the facilitation of peer networks. Click here to meet the 2019 Pete Garcia Fellows. Applications for the 2020 Fellowship will open in November 2019.
    • Impact Investing
      • Lending – NALCAB began lending activity in 2015. NALCAB engages in intermediary lending to small business lenders (including CDFIs and aspiring CDFIs) with the goal of supporting the growth of their lending to Latino business owners. NALCAB also provides secured and unsecured loans to affordable housing developers, including acquisition, pre-development, construction and bridge financing. In June 2019, NALCAB was certified as a Community Development Financial Institution (CDFI). As a CDFI, NALCAB is better able to leverage its strong existing brand and track record to raise capital from a wide range of philanthropic, corporate and governmental sources to then invest consistent with the mission, goals and activities described above. In order to meet the capital needs in the communities it serves, NALCAB has developed its capacity to engage in lending and equity investment activity by forming and managing a controlled social investment fund. NALCAB lends to non-profit organizations that promote economic mobility in Latino communities by building affordable housing, investing in small businesses and strengthening family financial capability. Geographic areas served are primarily economically distressed, predominantly Latino, low- and moderate- income communities that lack adequate access to financial products. NALCAB’s investments of financial products are made through borrowers or investees that serve the…
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      • Advocacy – NALCAB’s Policy Priorities Strengthening Minority Small Business: Minority entrepreneurs are the economic engine for many cities, rural communities and the US economy as a whole. Our small business policy priorities include increasing access to capital, strengthening entrepreneurial development programs, and protecting small business borrowers from predatory lending practices and unsafe financial products. Increasing Consumer Financial Protections: Abusive financial products and services are a major barrier for people who aspire to advance up the financial ladder. We cannot forget the lessons of the Great Recession. NALCAB works to increase financial education, instill safeguards against abusive lending and collection practices, eliminate unsafe financial products and put an end to discrimination in our financial system. Addressing the Housing Affordability Crisis: There is a growing housing affordability crisis in the United States. NALCAB supports policies that open responsible access to homeownership and increase the supply of safe, health and affordable rental housing. Increasing Diversity in Our Financial System: Diversity in the governance of the Federal Reserve and our largest financial institutions is important for ensuring that our financial system meets its full potential to include everyone in our economy. NALCAB promotes greater diversity in the governance of the Federal Reserve System and in the…
      • Partnerships – NALCAB is strategically engaged with business, government, philanthropic and other external organizations. We are committed to working with entities that have the potential to leverage our network to achieve our mission of growing assets and community development within Latino communities. Learn more about our partnerships and our collaborative efforts to empower communities across the nation. California Association for Micro Enterprise Opportunity NACEDA
      • Research – Equitable Neighborhood Development Guide to Equitable Neighborhood Development An Analysis of Housing Vulnerability in San Antonio Small Business Development Blueprint for Culturally-Relevant Small Business Development Fueling California’s Economic Growth: A Study on Latino Small Business and Capital Access A Survey of Small Business Owners in 11 Markets: Insights into Latino and Immigrant Entrepreneurship Policy NALCAB Immigration Advocacy Toolkit
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2019 NALCAB National Training Draws Community Development Innovators from Across the US

by Sharon Garcia October 29, 2019

(SAN ANTONIO, TX) – The National Association for Latino Community Asset Builders (NALCAB) presents it 2019 National Training, November 18-21 at the Embassy Suites Riverwalk. This annual event is one of the most comprehensive educational and networking opportunities for community development professionals working with U.S. Latino and immigrant communities.  Nearly 200 attendees representing non-profit organizations, students, funders, and educators from across the nation will gather for hands-on, interactive training sessions led by seasoned experts doing innovative work in the areas of Equitable Neighborhood Development, Financial Capability, and Small Business Development.

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