Friends of Puerto Rico Selected by NALCAB for Award to Support Access to Federal Funding for Underserved Communities
Puerto Rico — Friends of Puerto Rico 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, Friends of Puerto Rico will be better equipped to navigate the federal funding system and help organizations overcome the barriers that many encounter when trying to access capital.
Friends of Puerto Rico is dedicated to ending financial hardship and providing economic opportunity and self-sufficiency for Puerto Rico.
About Friends of Puerto Rico
Friends of Puerto Rico is a non-profit 501(c)(3) that supports the economic development of the people of Puerto Rico through entrepreneurial initiatives, education, creating opportunities for women and girls and championing the arts.
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, NALCAB serves hundreds of thousands of low- to moderate-income people, advancing economic equity and inclusivity.