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Financial Capacity Grantees Selected for Program with NALCAB and Wells Fargo

SAN ANTONIO, TX– With the generous support of the Wells Fargo Foundation, The National Association for Latino Community Asset Builders (NALCAB) has provided grants to twelve organizations in the amount of $45,000 to expand family financial capability programming across the NALCAB network. With this funding, NALCAB will quadruple the number of organizations it supports to provide community-based financial coaching and counseling for Latino and immigrant families. NALCAB member, Mission Economic Development Agency (MEDA) of San Francisco, California will be a technical assistance partner.

In addition to grant funding, NALCAB will provide customized technical assistance and will facilitate a community of practice among grantees to address needs identified in selected proposals and within the broader industry. This program of grant-making, technical assistance and training is intended to help integrate financial capability curricula and coaching into existing asset building programs.

“Wells Fargo is committed to helping people succeed financially, and we know that families who participate in financial coaching learn lessons that empower them for the rest of their lives,” said Mike Rizer, head of Community Relations for Wells Fargo. “NALCAB and its network of community partners has a proven track record of really being there on the journey to financial success so we’re excited to help significantly expand the number of communities that will benefit from their work.”


The selected subgrantees include:

 1. Agriculture & Land-Based Training Association (Salinas, CA)

 2. Azteca Economic Development and Preservation Corporation (Laredo, TX)

 3. Building Skills Partnership (Los Angeles, CA)

 4. Center for Community Self-Help (Durham, NC)

 5. Chinese American Service League (Chicago, IL)

 6. Comunidades Latinas Unidas En Servicio, Inc. (Minneapolis/St. Paul, MN)

 7. Grow Brooklyn (Brooklyn, NY)

 8. Hispanic Interest Coalition of Alabama (Birmingham, AL)

 9. Homewise, Inc. (Santa Fe, NM)

10. Houston Area Women’s Center (Houston, TX)

11. Lawrence CommunityWorks (Lawrence, MA)

12. Merit (Oregon, OR)


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