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Opportunities

Capital Magnet Fund Baner

Capital Magnet Fund

Through the Capital Magnet Fund, the CDFI Fund competitively awards funds to CDFIs and qualified nonprofit housing organizations with the objective of attracting private capital to economically distressed communities, including underserved rural areas. These awards can be used to finance affordable housing activities, related economic development activities, and community service facilities.

Eligibility:

-A certified CDFI, or
-A nonprofit organization operating with a principal purpose of developing or managing affordable housing solutions

Application Deadline: March 21, 2023
MBDA Capital Readiness Program Baner

MBDA Capital Readiness Program

MBDA is seeking proposals for its $93.5 million Capital Readiness Program grant competition to help minority entrepreneurs launch and scale their businesses. Funding will support incubators, accelerators, and other eligible organizations that provide training, resources, and technical assistance underserved businesses to help them access capital. MBDA is accepting proposals from organizations that serve minority, women, and other underserved populations; help entrepreneurs build capacity; provide access to capital opportunities; and provide access to networks. Awards will be up to $3 million over 4 years.

Application Deadline: February 28, 2023
CLICK HERE for more info and application instructions

AARP Community Challenge Grants Baner

AARP Community Challenge Grants

The AARP Community Challenge provides small grants to fund quick-action projects that can help communities throughout the U.S. become more livable for people of all ages—especially those age 50 and older. In 2023, the AARP Community Challenge is accepting applications across three different grant opportunities: Flagship Grants focus on improving public places, transportation, housing, diversity/equity and inclusion, digital connections, community resilience, civic engagement, and community health and economic empowerment. Capacity-Building Microgrants, fund projects that improve walkability and community gardens. Demonstration Grants, fund projects that build capacity towards transportation systems change and build awareness of new housing options through accessory dwelling unit design competitions.

Nonprofit organizations and government entities are eligible to apply. Other organizations will be considered on a case-by-case basis.

Application Deadline: March 15, 2023
CLICK HERE for more info and application instructions

Bridge built by Citi Loan Program Baner

Bridge built by Citi Loan Program

Bridge built by Citi is a platform connecting small businesses seeking loans with over 65 community banks, CDFIs, and Minority Depository Institutions. There are no digital-only lenders on the platform, and no technology integration is required. Bridge’s lenders are able to respond to requests for capital for a wide range of debt financing, from working capital loans to commercial mortgages.

All NALCAB members are invited to refer small businesses seeking capital that are not able to be served by local markets to submit an application through the platform, to receive term sheets from potential lenders. In addition, NALCAB member CDFIs offering small business loans between $100,000 and $10,000,000 are invited to join this free platform to increase their reach.

LEARN MORE

Partners for Places Matching Grant Program Baner

Partners for Places Matching Grant Program

The Partners for Places matching grant program improves communities by supporting equitable sustainability projects that build partnerships between local government leaders, frontline community groups and place-based funders in the U.S. and Canada.

National funders invest in local projects developed through these partnerships to promote a healthy environment, a strong economy and well-being for all residents.

These matching awards provide partnership investments between $45,000 and $150,000 for one-year projects, or between $75,000 and $180,000 for two-year projects, with one or more local foundations required to provide at least a 50% matching grant.

Application and Resources

Mary Reynolds Babcock Foundation Baner

Mary Reynolds Babcock Foundation

The Mary Reynolds Babcock Foundation supports nonprofit organizations helping people and places move out of poverty and achieve greater social and economic justice in 11 southern states: Alabama, Arkansas, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, and West Virginia. With the aim of advancing racial equity and social and economic justice, the Foundation supports collaborative, multi-strategy, place-based work focused on democracy and civic engagement, economic opportunity, and supportive policies and institutions. Funding may be used for general operating support, project support, “glue” support for networks of grassroots and partner organizations, and organizational development. Organizational summaries are accepted throughout the year.

Application Information

Change Machine + Kaiser Permanente Financial Health Initiative Baner

Change Machine + Kaiser Permanente Financial Health Initiative

Change Machine + Kaiser Permanente have partnered to support nearly 200 nonprofits to accelerate their missions and drive impact through financial coaching. Selected nonprofits will use Change Machine’s technology platform to train and equip social service practitioners in financial coaching so that they can provide these services to their clients. Financial coaching includes: financial goal setting and budgeting; establishing and increasing savings; addressing debt; and connecting people to safe and affordable banking products. Funding from Kaiser Permanente supports training program implementation, allowing social service organizations to provide these programs sustainably.

Location requirements: Practitioners from California, Colorado, District of Columbia, Georgia, Hawaii, Maryland, Oregon, Virginia, & Washington state.

CLICK HERE for more details & application instructions.

Citizens Bank Corporate Giving Baner

Citizens Bank Corporate Giving

Citizens Bank Corporate Giving seeks to support opportunities for significant and measurable community impact. Corporate contributions support nonprofit organizations in the geographic areas in which Citizens has a retail bank branch presence, including Connecticut, Delaware, Massachusetts, Michigan, New Hampshire, New Jersey, upstate New York, Ohio, Pennsylvania, Rhode Island, and Vermont. Funding areas of interest include fighting hunger and reducing food insecurity; supporting financial literacy programs that provide individuals and businesses with the tools needed to be fiscally healthy; and strengthening communities through economic development, job training, and small business development. Funding is focused on projects that serve diverse, underserved populations and neighborhoods and demonstrate strong results. Sponsorship support is also available, as well as grants through the Citizens Philanthropic Foundation for organizations in the Metro New York and New Jersey areas. Applications are accepted throughout the year. Visit the Citizens website to submit an online application. Grants support programs that:

  • Teach Money Management by supporting financial literacy programs that provide individuals and businesses with the tools needed to be fiscally healthy.
  • Strengthen Communities through economic development, job training and small business development.
The Southern Opportunity & Resilience (SOAR) Fund Baner

The Southern Opportunity & Resilience (SOAR) Fund

The Southern Opportunity and Resilience (SOAR) Fund is a new program built to support small businesses and nonprofits in the South and Southeast as they adapt, reopen safely, and recover from COVID-19. Loans are made through local community lenders, such as Accion Opportunity Fund (AOF), that can help you understand the terms and determine if a loan is the right option for your business.

Loans range in size, up to $100,000, and can be used for various business purposes Current loan terms with AOF are a 60-month loan term with fixed 4% interest rate for businesses.

CLICK HERE for eligibility & more details.

NALCAB Loans & Loan Guarantees Baner

NALCAB Loans & Loan Guarantees

Did you know that NALCAB offers loans for nonprofit member lenders and member organizations that work in affordable housing? In addition, we offer loan guarantees for small business and real estate loans.

CLICK HERE to learn more about our loan products. To schedule a consultation, contact us at: impactinvesting@nalcab.org

Additional Funding Sources Baner

Additional Funding Sources

Grant Station offers nonprofit organizations, educational institutions, and government agencies the opportunity to identify potential funding sources for their programs or projects as well as resources to mentor these organizations through the grantseeking process.

Grants.gov a searchable database of federal funding programs and grants currently available.

NACEDA – National Alliance of Community Economic Development Associations showcases funding opportunties in various areas of community development.

Candid maintains a comprehensive database on US and global grant-makers and their funding opportunities. It also operates research, education, and training programs designed to advance knowledge of philanthropy at every level.

 

NALCAB is committed to securely reviewing all submissions with the upmost attention and will provide feedback within 30 to 60 days of the application close date.
NALCAB supports organizations at all levels of capacity and its programs are intentionally designed for partners to benefit from peer learning and engagement opportunities with experts and organizations in the NALCAB Network. To learn more about NALCAB and its Network, we recommend visiting our mission, strategy and programs pages.