Learn More About NALCAB’s Special Initiatives:
- Rural Capacity Building
- Strengthening Latino-Serving CDFIs
Rural Capacity Building
With the support of US HUD, NALCAB has operated a national Rural Capacity Building (RCB) Program since 2013. The RCB Program is designed to provide technical assistance and loans to rural nonprofits that are engaged in creating community and economic development opportunities and affordable housing for low income communities in rural areas.
The NALCAB Team implements a multi-disciplinary, culturally and linguistically relevant approach to the development and delivery of services and focuses on building the capacity of organizations. NALCAB provides technical assistance ranging from program design and implementation, organizational strategic planning, resource development and financing planning, and affordable housing development.
Through its past work under the HUD Rural Capacity Building Program, NALCAB has developed a Rural Revolving Loan Fund (RLF) to support eligible rural affordable housing and economic development projects. In addition to gap financing for affordable housing development, NALCAB provides a pre-development loan product to reach smaller organizations that have the greatest difficulty accessing capital for rural housing projects. Recognizing that entrepreneurship and small business development are key economic drivers in many small rural communities, NALCAB provides access to interest free, no-fee capital to mission-based rural lenders such as nonprofit loan funds and CDFIs to build their small business/microlending capacity.
NALCAB currently provides services in Arizona, California, Colorado, Florida, Indiana, New Mexico, North Carolina, Ohio, Oregon, Texas, and Washington. NALCAB’s RCB program is open to NALCAB non-members and all eligible rural communities.
For more information on NALCAB’s Rural Capacity Building Program, please contact Johany Rivera at johanyrivera@nalcab.org. For more information on the Rural Revolving Loan Fund, contact ruralloans@nalcab.org.
Strengthening Latino-Serving CDFIs
NALCAB is one the nation’s leading supporter of Latino-serving CDFIs (Community Development Financial Institutions). In many markets, Latino-led CDFIs and emerging CDFIs are the only institutions offering access to capital to Latino-owned businesses and especially LMI Latino business owners. NALCAB’s research has reinforced the importance of lenders that provide culturally and linguistically relevant services for reaching segments of the Latino and immigrant business market, which represent enormous opportunities for job creation and economic growth. NALCAB engages CDFIs and emerging CDFIS with grant making, training, and technical assistance and will engage in CDFI-related policy and network dissemination of best practices and promising innovations.
For more information on NALCAB’s CDFI work, please contact Program Director Holly Frindell at hfrindell@nalcab.org.