http://www.nclr.org/content/news/detail/28458/

FOR IMMEDIATE RELEASE
Dec 2, 2004

CHASE MAKES $1 MILLION GRANT TO NATIONAL COUNCIL OF LA RAZA TO BOOST DEVELOPMENT IN HISPANIC COMMUNITIES

RDF will leverage the grant money, along with access to $10 million for loans at favorable rates, to assist NCLR-affiliated community-based organizations around the country in purchasing and developing land for affordable housing, charter schools, community child and health care centers, and other service-providing facilities.

The balance of the Chase grant will support NCLR affiliates offering a variety of financial education services, such as homeownership counseling, affordable banking services, and credit counseling.

“Thanks to Chase, this unique investment will bear real fruit in the construction of community facilities that impact the lives of hundreds of low- and moderate-income Latinos throughout the country,” said Tommy Espinoza, RDF president and a longtime community leader in Phoenix. “It’s especially timely to receive this grant in the final month of Raul Yzaguirre’s presidency at NCLR, marking another milestone of his legacy.”