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Friday, 21 October 2016 12:42

LEDC's 25th Anniversary Happy Hour

LEDC's 25th Anniversary & #HispanicHeritageMonth Celebration.









LEDC Receives Two Federal Awards to Support Entrepreneurs in the Greater DC and Baltimore Regions

 

Washington, D.C. - According to an Aspen Institute report (2015) regarding the racial wealth gap, the lack of wealth in Latino and African-American communities is related to the lack of businesses and financial assets. On September 27th, 2016, the U.S. Department of the Treasury announced its awardees for its Community Development Financial Institution Fund (CDFI Fund) program. The Latino Economic Development Center (LEDC) was one of  three organizations in DC and one of two operating in Baltimore who received this award. LEDC will be receiving $500,000 from the Treasury Department to support its small business micro-lending efforts in the DMV region. 

The same week, on September 30th, 2016, LEDC also learned that it had been awarded $400,000 from the Department of Health and Human Service's (HHS) Community Economic Development (CED) program to provide local DC businesses with financing in order to create jobs with living wages for low-income DC residents.   

This is a historic time for LEDC as it is the first time it has secured two federal grants of this size in one year, and the first time it has been awarded Community Economic Development funding through HHS. "We are so excited and honored to have been selected as 2016 CDFI Fund and CED recipients. The new businesses and jobs that will result from LEDC's financing efforts will help low income residents advance economically, strengthen their financial self-sufficiency, and contribute to the revitalization of Washington, D.C and Baltimore City, MD neighborhoods," said LEDC Executive Director, Marla Bilonick.


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About the CDFI Fund:
Since its creation in 1994, the CDFI Fund has awarded more than $2.2 billion to CDFIs, community development organizations, and financial institutions through the CDFI Program, the NACA Program, the Bank Enterprise Award Program, the Capital Magnet Fund, and the Financial Education and Counseling Pilot Program. To learn more about the CDFI Fund and its programs, please view the  Fact Sheet or visit the CDFI Fund's website at  www.cdfifund.gov.  
 
 
About Community Economic Development:
The Community Economic Development (CED) program is a Department of Health and Human Services, Office of Community Services (OCS) initiative designed to address the economic needs of low-income individuals and families through the creation of sustainable business development and employment opportunities.

Learn more about  CED.
Thursday, 22 September 2016 16:56

LEDC Joins the Global #GivingTuesday Movement

 
LEDC Joins the Global #GivingTuesday Movement
 
Pledges to Help Low-Income Families Avoid Eviction and Improve their Housing Conditions
 
Washington, D.C. - The Latino Economic Development Center (LEDC) has joined #GivingTuesday, a global day of giving that harnesses the collective power of individuals, communities and organizations to encourage philanthropy and to celebrate generosity worldwide. In 2015, LEDC provided homeownership and foreclosure counseling to 330 DC and MD low- to moderate-income residents. Our Homeownership counseling efforts resulted in over 45 District and Maryland residents purchasing their first home. Our counselors in our DC and MD offices achieved 54 positive outcomes with clients facing foreclosure, which included bringing clients current with their mortgage payments, mortgage modifications, and pre-foreclosure sales. Our Housing Fund will provide grants to low-income families struggling to secure safe and affordable housing and help families at risk of eviction. Occurring this year on November 29, #GivingTuesday is held annually on the Tuesday after Thanksgiving (in the U.S.) and the widely recognized shopping events Black Friday and Cyber Monday to kick-off the holiday giving season and inspire people to collaborate in improving their local communities and to give back in impactful ways to the charities and causes they support.  
 
"One of the barriers faced by DC renters are high rents and a lack of savings among low-to-moderate income residents to use in securing rental properties," said Walda Yon, LEDC's Director of Housing. "Given the higher rents and associated upfront costs of securing rental housing- security deposits and first month's rent- we strongly believe it will be key to focus on assisting low-to-moderate income DC families seeking to rent in the District."
 
92Y −  a cultural center in New York City that, since 1874, has been bringing people together around its core values of community service and giving back −conceptualized #GivingTuesday as a new way of linking individuals and causes to strengthen communities and encourage giving.In 2015, the fourth year of the movement, #GivingTuesday broughttogether over 45,000 partners in 71 countries and helped raise nearly $117 Million online in the US alone.
 
"We have been incredibly inspired by the generosity in time, efforts and ideas that have brought our concept for a worldwide movement into reality," said Henry Timms, founder of #GivingTuesday and executive director of 92Y. "As we embark on our fifth year of #GivingTuesday, we are encouraged by the early response from partners eager to continue making an impact in this global conversation."  
 
 
For more details about the #GivingTuesday movement, visit the #GivingTuesday website (www.givingtuesday.org), Facebook page (https://www.facebook.com/GivingTuesday) or follow @GivingTues and the #GivingTuesday hashtag on social media.
 
 
About #GivingTuesday
#GivingTuesday is a movement to celebrate and provide incentives to give-the 2016 iteration will be held on November 29, 2016. This effort harnesses the collective power of a unique blend of partners-nonprofits, businesses and corporations as well as families and individuals-to transform how people think about, talk about and participate in the giving season. #GivingTuesday inspires people to take collaborative action to improve their local communities, give back in better, smarter ways to the charities and causes they celebrate and help create a better world. #GivingTuesday harnesses the power of social media to create a global moment dedicated to giving around the world.
FOR IMMEDIATE RELEASE              
SEPTEMBER 16TH, 2016    
              
Montgomery County Council to Commemorate Hispanic Heritage Month On Tuesday, Sept. 27, Special Event hosted by Councilmember Nancy Navarro will focus on 'Honoring Our Heritage. Building Our Future.' 

Wheaton, MD - Montgomery County Councilmember Nancy Navarro at 11:30 a.m. on Tuesday, Sept. 27, in Rockville will host a panel discussion with Hispanic and Latino leaders whose work in community development and business expansion has helped to shape the County. Panelists for the special Hispanic Heritage Month event will share their life experiences and achievements and discuss issues of importance for Hispanic and Latino residents.

Those sharing their experiences with County Councilmembers, invited guests and the public as part of the "Honoring Our Heritage. Building Our Future" event will include our Executive Director, Marla Bilonick. She will be featured on a panel as well as in a Hispanic Heritage Month video along with other esteemed Hispanic representatives from around the County. When speaking of her invitation to participate, Marla Bilonick stated: "I am honored to be a part of this event and grateful to Nancy Navarro for including the Latino Economic Development Center-LEDC. LEDC, a 25-year old nonprofit with 33 bilingual staff, has been located in and providing services to Montgomery County residents for over a decade. Our leadership, staff, and clients all contribute to the rich Hispanic heritage of the County through service and direct investment in the County by owning homes and small businesses here. We are happy for the opportunity to celebrate the Hispanic contribution to the County's economic growth."
 
The Hispanic Heritage Month event will take place in the Third Floor Hearing Room of the Council Office Building at 100 Maryland Ave. in Rockville. The special ceremonies will be televised live by County Cable Montgomery (CCM-Cable Channel 6 on Comcast and RCN, Channel 30 on Verizon). The broadcast will also be streamed.
 
The Hispanic Heritage Month commemoration will recognize the histories, cultures and contributions of residents whose ancestors came from the Caribbean, Central America, Mexico, South America and Spain. The event will include pre-recorded interviews with community stakeholders and a panel discussion focused on entrepreneurship, community development and socio-economic equality.
 
According to the Montgomery County Planning Department, 197,396 County residents self-identify as Hispanic, which represents 19 percent of the population. In this group, 62,791 residents are from El Salvador, 17,597 are from Mexico, 12,871 are from Peru, 12,456 are from Guatemala and 10,370 are from Honduras. The median household income for these residents is $68,389 and 57 percent of the population is younger than age 34. More information can be found here.
 
"The Hispanic/Latino community in our County mirrors the nation," said Councilmember Navarro, who is the first Latina elected to the Council and serves as chair of the Council's Government Operations and Fiscal Policy Committee. She also serves on the Education Committee and is a member of President Obama's Commission on Educational Excellence for Hispanics.
 
"It is a young, hard-working and forward thinking community," said Councilmember Navarro. "Contrary to the negative rhetoric espoused by some, this community continues to make valuable contributions to the fabric of our County and our nation. This month we celebrate our shared heritage and we salute those who make a difference each and every day."

FOR IMMEDIATE RELEASE  
SEPTEMBER 1ST, 2016

MEDIA CONTACT: Marla Bilonick
mbilonick@ledcmetro.org
(202) 540-7412   
                                                                               

LEDC Chosen To Spearhead the Greater Washington, DC area outreach for National Campaign Against Housing Discrimination

Washington, D.C.­ - LEDC has been selected to conduct Washington D.C. outreach as part of a National Fair Housing Media Campaign, in partnership with the National Association for Latino Community Asset Builders (NALCAB), the National Coalition for Asian Pacific American Community Development (National CAPACD) and the U.S. Department of Housing and Urban Development (HUD), designed to engage and educate people about their rights as homeowners and tenants. Using social media, public service announcements and community outreach, partner organizations in 10 different cities including the District will inform residents on how to identify various forms of housing discrimination and what they can do to stop it.

"Racial and ethnic discrimination against homebuyers and renters continues to be a problem across many communities in the United States," said Walda Yon. "We thank NALCAB and HUD for making these vital resources available so that we can educate the Greater Washington area residents about their fair housing rights."

The National Fair Housing Media Campaign, launched officially on August 17th, will engage and inform African­ American, Latino, Asian Americans and Pacific Islanders, and other communities about discriminatory housing practices, their rights under the federal Fair Housing Act, and HUD resources. According to the National Fair Housing Alliance, minority homebuyers and tenants are not always aware when they have been subjected to discrimination or even of their rights and protections afforded by the Fair Housing Act.


The federal Fair Housing Act prohibits housing discrimination based on race, color, national origin, religion, sex, familial status, or disability. Persons who believe they have experienced discrimination may file a complaint by contacting 202-588-5102 or by contacting HUD's Office of Fair Housing and Equal Opportunity at (800) 669­9777 (voice) or (800) 927­9275 (TTY). Housing discrimination complaints may also be filed at http://www.hud.gov/fairhousing.


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