National Association for Latino Community Asset Builders
SIF EXECUTIVE SUMMARY - National Association for Latino Community Asset Builders
SIF Applicant: The National Association for Latino Community Asset Builders (NALCAB), an intermediary, grant-making institution and lead applicant, National Coalition for Asian Pacific Islander American Community Development (National CAPACD), and Mission Economic Development Agency (MEDA),
Total Amount Requested: $1,649,577/three-year Issue-Based economic opportunity project in low-income immigrant communities of color.
Target Markets: King County, WA, Multnomah County, OR, Washington County, OR, San Francisco County, CA, Los Angeles County, CA, Santa Cruz County, AZ, Maui County, HI, Kandiyohi County, MN, Meeker County, MN, Stearns County, MN, Cook County, IL, Will County, IL, Kings County, NY, Queens County, NY, Montgomery County, MD, Prince George's County, MD, Gwinnett County, GA, and Jefferson County, AL
The NALCAB Team will make subgrants available in the range of $100,000-$130,000 through a competitive RFP process in 12 philanthropically-underserved, low-income urban and rural markets, including three states (Hawaii, Oregon, and Arizona) which do not currently receive any SIF funding. This proposal will predominantly target Hispanic and Asian/Pacific Islander immigrants (which account for 80% of the total US immigrant population), as well as Native Hawaiians and Puerto Rican emigrant populations. The overall goal of this project is to support local non-profits that serve predominately immigrant communities to effectively integrate culturally and linguistically relevant asset-building services, leading to greater economic integration and advancement for immigrant families. The activities proposed herein will support local organizations to substantially increase the scale and impact of their services; creating significantly more wealth and assets in low-income immigrant households located in the targeted markets.
Based on both Annie E. Casey Foundation's Center for Working Families and the United Way of the Bay Area's SparkPoint - systems that redefined the traditional structure of an asset development service delivery model - MEDA's Service Integration framework bundles asset-building services in similar fashion, but then uniquely adapting the model to serve immigrant communities by integrating culturally and linguistically-relevant outreach and curricula and by balancing a focus on workforce development with a heightened focus on small business development, which responds to the high rates of entrepreneurship in immigrant communities.
NALCAB and National CAPACD play a catalytic role in coordinating the collective capacity of engaged organizations as well as disseminating the expertise of our most successful partners to help ensure the success of developing organizations. This SIF proposal -- highlighting MEDA and its successful Service Integration framework and then using our network to disseminate the model -- is a dynamic example of this ideal. The Team has identified the following set of metrics to be monitored and tracked during the project period including: (1) Total number of individuals served (2) Total number of tax returns filed (3) Average amount per tax return (4) Total number of individuals receiving entrepreneurship/small business assistance training (5) Total number of businesses started and/or expanded (6) Total number of jobs created and/or retained (7) Total number of individuals/households receiving financial literacy/consumer counseling training (credit counseling, budgeting, debt relief, savings, retirement plan)