Avenue Selected by NALCAB for Award to Support Access to Federal Funding for Underserved Communities
August 19, 2024
Avenue has been selected as one of twenty nonprofit organizations to receive a $15,000 award from the National Association for Latino Community Asset Builders (NALCAB) with support from the Truist Foundation. This award is designed to help nonprofits serving Latino communities access federal funding opportunities for support to the businesses and communities they serve. The grant includes a capacity-building program of funding, public policy advocacy, and technical assistance.
With this grant, Avenue will be better equipped to navigate the federal funding system and help organizations overcome the barriers that many encounter when trying to access capital.
About NALCAB
The National Association for Latino Community Asset Builders (NALCAB) is the hub of a national network of 200+ member organizations that are anchor institutions in geographically and ethnically diverse Latino communities in 46 states, Washington DC and Puerto Rico. NALCAB supports its member institutions through funding, training, research and advocacy, enabling them to invest in their communities by building affordable housing, ensuring equitable neighborhood development, supporting small business growth, and providing financial counseling on issues including credit building and homeownership. As a grant maker and US Treasury certified CDFI lender with offices in San Antonio and Washington DC, the NALCAB Network serves hundreds of thousands of low- to moderate-income people, advancing economic equity and inclusivity in the communities we serve.
About Truist Foundation
Truist Foundation is committed to Truist Financial Corporation’s (NYSE: TFC) purpose to inspire and build better lives and communities. Established in 2020, the foundation makes strategic investments in nonprofit organizations to help ensure the communities it serves have more opportunities for a better quality of life. Truist Foundation’s grants and activities focus on building career pathways to economic mobility and strengthening small businesses. Learn more at Truist.com/Foundation.