Kansas City, MO–(HISPANIC PR WIRE – BUSINESS WIRE)–September 22, 2005–The National Association for Latino Community Asset Builders (NALCAB), which represents and serves more than 65 Latino-led community and economic development organizations from across the country, will host its third annual conference in Kansas City, Missouri on September 21-24, 2005. This year’s NALCAB conference sponsors include Bank of America, Washington Mutual, the Ford Foundation, Southwest Airlines, the Annie E. Casey Foundation and Fannie Mae Corporation.
NALCAB’s mission is to build wealth and other assets in Latino communities. NALCAB pursues this mission by supporting the work of its members, which include many of the nation’s largest and most prominent community development corporations, community development finance institutions and credit unions. This cutting-edge organization represents an important nationwide effort to bring Latino communities into the mainstream of our nation’s financial services and real estate markets.
In conjunction with its third annual conference, NALCAB is proud to announce that it has received a $75,000 operating grant from The Bank of America Charitable Foundation.
“Promoting neighborhood excellence is a priority at Bank of America,” said Andrew D. Plepler, president, The Bank of America Charitable Foundation. “With their important goal of building wealth in Latino communities, NALCAB, like Bank of America, is striving to create opportunity among Hispanics across the country. We will continue to work closely with NALCAB to build strong and economically viable neighborhoods in Latino communities.”
Through its support of NALCAB, Bank of America further demonstrates its commitment to build and foster relationships with the Latino community. Presently, Bank of America has relationships with 48 percent of Hispanic households and is building half its new banking centers to service Hispanic neighborhoods.
A highlight of this year’s NALCAB conference will be the luncheon on Friday, September 23. Saul Ramirez, Executive Director, National Association of Housing and Redevelopment, and Bryan Borlik, Director of Public Affairs at the U.S. Department of Commerce’s Economic Development Administration, will participate in what promises to be a compelling discussion of the role of the federal government in field of housing and community development.
“On the heels of Hurricane Katrina, the government’s attention to housing in this country’s economically distressed areas is of special interest,” said Pete Garcia, Chairman of NALCAB and CEO of Chicanos Por la Causa, a large CDC in Phoenix, Arizona. “We are very excited to have Mr. Ramirez and Mr. Borlik at this year’s NALCAB conference and we will be anxious to hear their unique views on this topic as well as upcoming changes to the government’s position on housing.”
Also at the September 23 luncheon, NALCAB will unveil its first-ever “NALCAB Scorecard.” The Scorecard, which reviews grant support to member organizations for the period 2001-2003, recognizes the philanthropic and corporate partners that are providing significant support to Latino-led asset builders.
Other topics for this year’s conference include:
— Non-Profit Entrepreneurship: Creative Models for Generating Revenue
— The Role of Business in Building Latino Communities (Keynote by Michael Barrera, President of the U.S. Hispanic Chamber of Commerce)
— Best Selling Author and Financial Planner, Louis Barajas
— Approaches to Building Latino Leadership
More information about NALCAB and the conference is available at http://www.nalcab.org.
The National Association for Latino Community Asset Builders (NALCAB) is a national organization made up of Latino-led community development corporations, community development finance institutions and a variety of other asset building organizations. NALCAB’s mission is clear, focused and different from any other national Latino organization: to build the assets/ wealth of Latino families, communities and organizations. Asset building includes activities such as developing real estate, supporting small business, encouraging financial literacy, building technology-related capacity and investing in human capital. In everything that we are planning, NALCAB seeks to fill gaps, build synergy and coordinate the skills and resources of Latino asset builders.
