Tag Archives: cplc

diversity

Wells Fargo gives $200K to Chicanos Por La Causa

Wells Fargo & Company announced it has donated $200,000 to Chicanos Por La Causa, Inc. (CPLC) through its 2014 Leading the Way Home® program Priority Markets Initiative to  help stabilize and revitalize neighborhoods impacted by the economy.   The Leading The Way Home® program Priority Markets Initiative provides grant support for neighborhood stabilization projects that are located in areas designated for revitalization to stimulate growth, stability and investment in distressed areas.  This grant was part of a $6 million grant initiative awarded to 54 nonprofits across the country.

“Wells Fargo is proud to provide support to enable Chicanos Por La Causa to continue its work to stabilize and revitalize our local communities,” said Pam Conboy, lead regional president for Wells Fargo Arizona. “Community support and neighborhood revitalization is a key focus for our company and we believe the work of the nonprofit community is a critical conduit to revitalize neighborhoods in cities that have been deeply affected by the challenging economy.”

CPLC is actively involved and experienced in community revitalization efforts and was identified by Wells Fargo as being in need of extra help with large-scale neighborhood revitalization projects. Priority Markets Initiative program grants can be used for any costs associated with the development or redevelopment of the project. Recipients must be an IRS 501c3 organizations with successful histories of building or renovating housing for low-to moderate-income homebuyers.

“We appreciate and thank Wells Fargo for their visionary work and investment in community revitalization,” said Edmundo Hidalgo, CPLC President and CEO. “We look forward to distributing the funding to ensure that quality affordable homes are available in our community; continue to help stabilize housing values and preserve neighborhoods; and empower potential homebuyers to make educated decisions when purchasing a home.”

CPLC will use the grant funds to rehabilitate 10 properties in three distressed Phoenix zip codes and provide down payment assistance to 10 homebuyers at or below 80 percent of the area median income.  The organization has a long-standing history of providing the tools necessary to empower individuals, families, and communities to achieve their aspirations and become self-sufficient. In fact, CPLC successfully led a national consortium to revitalize markets in eight states through the Neighborhood Stabilization Program 2. CPLC understands that having a safe and comfortable place to live is fundamental for families to live healthy and prosperous lives.

Since 2009, the Wells Fargo Housing Foundation Priority Markets Program has provided more than $30 million across 100 communities.

Since 1993, the Wells Fargo Housing Foundation has stewarded nearly $300 million to nonprofits in support of affordable housing and community revitalization programs. Wells Fargo Housing Foundation programs have also delivered 4.7 million volunteer hours to build or rehabilitate more than 5,000 homes during the past two decades.

Entrepreneurs

$100K Micro-lending Fund Supports Entrepreneurs

CPLC Préstamos CDFI, LLC (a Chicanos Por La Causa, Inc. subsidiary), committed to building stronger communities by providing small business access to capital, in partnership with local valley leaders, have created the Community Investment Fund – a group project of Valley Leadership’s Class 35, to support entrepreneurs looking to start-up or expand their business in the Phoenix metropolitan area.

“We are very excited to give local entrepreneurs, who do not qualify for traditional financing, an opportunity to improve the health of our community and contribute to Arizona’s economy,” said Brigitte Dayton, Member of VL 35. “Our Valley Leadership, Class 35 group is proud to partner with a long-standing community organization such as Chicanos Por La Causa on this project. We all feel the emphasis on targeting organizations or individuals who demonstrate a focus on improving the health of our community and/or contributing to the growth of the economy, through the potential for job creation, fills a unique role in local micro-lending.”

“Any current or aspiring entrepreneur who wishes to establish or grow a business, but who due to size, assets, and stage of development cannot seek capital from more traditional sources, is encouraged to apply for a loan today,” said Jose Martinez, President of CPLC Préstamos. “These loans range from $20,000 to $25,000 depending on the applicant, business plan and distinctiveness of the entrepreneurial idea.”

Top qualified applicants will compete in a business “Pitch Day” event where they will have the opportunity to pitch their business concept and funding needs to a panel on May 23, 2014. The panel will select 3-5 businesses for loan approval. Additionally, the business with the best presentation will win a $2,500 cash prize.

Interested candidates can apply at www.prestamosloans.org up until Friday, April 25, 2014. Applicants will be notified of loan approval the same day of their presentation, May 23, 2014.

hispanic

Chase Spurs Small Businesses, Affordable Housing

The JPMorgan Chase Foundation (NYSE: JPM) announced a $6 million grant to NALCAB—National Association for Latino Community Asset Builders—for a multi-market pilot project focused on job creation, affordable housing, and small business lending in predominantly Latino communities. The three-year initiative is being led by NALCAB, as the lead applicant and convener for the project. Partners in the initiative include three nonprofit lenders working in five states:

* Affordable Homes of South Texas, Inc. (AHSTI)—Texas
* Chicanos Por La Causa (CPLC)—Arizona, New Mexico and Nevada
* Community Resources and Housing Development Corporation (CRHDC)—Colorado

In its first year, the initiative will have an immediate impact on low and moderate income Latino communities still recovering from the recession. The nonprofit lenders will finance affordable housing and small businesses. In subsequent years, the partners will continue to leverage and expand their capital for lending and establish an equity fund.

This project builds on NALCAB’s successful track record in connection with two major national initiatives, the NSP2 (Neighborhood Stabilization Program 2) National Consortium and Inversiones: A Small Business Investment Initiative, which has been recognized by the Clinton Global Initiative (CGI) as a Commitment to America. Under NSP2, a consortium of nonprofit affordable housing providers, including AHSTI, CPLC, and CRHDC, was awarded $137 million in federal funding to stabilize housing in neighborhoods hit by the foreclosure crisis. The consortium has produced more than 1,600 housing units and created 2,300 jobs. CGI/Inversiones is utilizing NALCAB’s national network of nonprofits to leverage $70 million to create 4,000 jobs by supporting the start up or expansion of 1,500 small businesses in predominantly Latino communities.

As the lead applicant, convener and catalyst, NALCAB will be providing subgrants, technical assistance and training support to the three partners. “With this grant, JPMorgan Chase is making a bold investment in ongoing economic recovery in Latino communities that were hard to hit in the recession,” stated Noel Poyo, Executive Director at NALCAB. “The NALCAB Network will use this funding to drive innovative approaches to affordable housing production and small business lending—ultimately creating jobs and economic opportunity in low-income communities.”

“JPMorgan Chase views community development financial institutions as critical change-agents in underserved communities,” said Morris Camp, President of Chase in San Antonio. “Our $33 million commitment – made through our new CDFI Collaboratives program – will help our partners serve more people in need, as well as catalyze investment in low- and middle-income communities across Texas and the US.”

AHSTI, CPLC and CRHDC, all members of the NALCAB network, are high-capacity anchor institutions in their communities that provide culturally and linguistically relevant services. They are certified by the U.S. Department of the Treasury as Community Development Financial Institutions (CDFI), nonprofit financial institutions that serve low-income communities. The CDFI designation provides opportunities for these organizations to access technical and financial support.

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BCBSAZ, CPLC educate Arizonans about healthcare reform

Blue Cross Blue Shield of Arizona (BCBSAZ) and Chicanos Por la Causa, Inc. (CPLC) announced a joint effort  to help educate Arizonans about the healthcare reform law. Together the organizations aim to reach those who likely haven’t had insurance in the past and may not understand how the law will benefit them.

With a combined 117 years in the Valley, BCBSAZ and CPLC have a long history and shared commitment to the community. In the days ahead, the organizations are teaming up to:
· Make bilingual healthcare reform advisors available.
· Host healthcare reform education events.
· Conduct shared media opportunities with Hispanic outlets.
· Identify ongoing education opportunities.

“Working with CPLC, we’ll serve Arizonans in every corner of the state by providing resources and tools needed to make smart decisions in a time when healthcare is changing greatly,” said Richard L. Boals, president and CEO for Blue Cross Blue Shield of Arizona. “The open enrollment period gives Arizonans a chance to research their options and learn more about the value health insurance plays in keeping our communities healthy.”

“As one of Arizona’s largest social services organization, we are always looking for new opportunities to expand our service and support those who are historically underserved. Healthcare is a fundamental need and helping individuals understand how the Affordable Care Act impacts their lives and the best way to get coverage is our goal,” said Edmundo Hidalgo, CPLC President and CEO. Working with Blue Cross Blue Shield of Arizona, we have the opportunity not only to educate the community, but assist individuals in getting health insurance through local, personalized service.”

Healthcare reform open enrollment begins October 1 and runs through March 31, 2014. Within Arizona it is estimated that 480,000 people will be eligible for financial assistance. If a person is eligible for a subsidy, they must purchase their health insurance coverage through the Health Insurance Marketplace, also known as the exchange. Health insurance plans can also be purchased directly through a broker or BCBSAZ.

More healthcare reform information can be found in English at azblue.com or in Spanish at salud.azblue.com. BCBSAZ representatives can be reached at (877) 874-9958.

Dress for Success, Phoenix

Dress For Success Phoenix Aims To Break The Cycle Of Poverty

With an open, vibrant space, the Dress for Success boutique in Phoenix doesn’t look like a typical second-hand clothing store.

And it isn’t.

First launched in 1996, Dress for Success now has 115 affiliates all over the world, providing professional attire to economically disadvantaged women. In addition, Dress for Success continues to work with these women even after they have landed a job.

Founder and Executive Director of the Phoenix affiliation, Lisa Doromal, opened the store in 2009 with hopes of engaging her community, reflecting her stylistic talents and continuing to be a mother to her kids with the flexibility it offers.

“Luckily for me, there was not an affiliate in the Phoenix area,” Doromal says. She filled out an online application, prepared a formal business plan, and said to herself, “I’m going to go for it. This is something that is needed in the community.”

The company receives garment donations from women in the community. However, Doromal says the organization often has to purchase plus-size clothing. Hardly any plus-sized suits are donated, but clients who need them take up about 72 percent of her client base. Still, Doromal insists, “Whether you are a size 0 or 32, we are going to have clothes for an interview.”

Clothes that are deemed inappropriate for clients to wear are picked up weekly by the Society of St. Vincent de Paul, a non-profit that benefits the poor.

Funding for purchases comes from a “diverse stream of income sources,” Doromal says. The organization utilizes fundraising opportunities, grants, private donations and agencies that provide supportive services.

Doromal credits her partnership with Chicanos Por La Causa (CPLC), an organization aimed at integrating human and economic development, for the success of the boutique. CPLC provided the initial 500-square-foot space for the store. Since then, the boutique has moved to a larger, 3,200-square-foot boutique.

In addition to providing suits, Dress for Success has created several job-readiness programs that extend past the job interview phase.

One of the programs, the Going Places Network, lasts eight weeks. During this time, women meet weekly and “learn how to navigate the Internet network to apply for jobs, presentation skills, mock interviews [and] really honing in on why they are not landing employment,” Doromal adds. Approximately 70 to 80 percent of women are employed by the time the class ends.

Once a woman obtains a job, she can go back to the boutique and get up to a week’s worth of clothing. They also receive an invitation to join the Professional Women’s Group (PWG), which allows women who have gone through the program to interact with one other. PWG covers a range of topics from financial literacy to balancing life and work.

“It’s more than just a suit,” Doromal says. “The suit is just the beginning.”

The boutique is primarily run by volunteers. Through a partnership with the Senior Community Service Employment Program, seniors who have been out of the workforce are given a stipend for their time.

“We treasure our volunteers,” Doromal says.

While Doromal does not anticipate any more locations will open up in the Phoenix area, she does have high hopes for her boutique.

“As long as the client wants to be involved with Dress for Success, we are there for her throughout her professional development,” she says. “[We are] trying to break the cycle of poverty.”

For more information about Dress for Success, visit dressforsuccess.org.

Dress for Success
1024 E. Buckeye Rd., #165
(602) 489-7397