A nonprofit provider of affordable housing opportunities
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PRESS RELEASE

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FOR IMMEDIATE RELEASE

CONTACT:
Fernando Lemos
Executive Director, Mi Casa
202-722-7423
Fernando@micasa-inc.org
www.micasa-inc.org


Mi Casa, Inc to Share in NALCAB Network Award of $137 Million Under HUD Neighborhood Stabilization Program Round II
Neighborhoods in DC and Baltimore will benefit from one of the largest single federal investments ever made targeting Latino, low-income communities.

WASHINGTON DC, January 20, 2010 — Mi Casa, Inc. is
part of a national consortium with Chicanos Por La Causa (CPLC) and the National Association for Latino Community Asset Builders (NALCAB) that has been awarded $137,107,133 in federal funding to revitalize neighborhoods in eight states and the District of Columbia that have been negatively impacted by foreclosures and abandoned properties. The U.S. Department of Housing and Urban Development selected this consortium under the Neighborhood Stabilization Program Round II (NSP II). All of the consortium members serve predominately Hispanic/Latino communities and provide bilingual/bicultural services.

Mi Casa is the only DC area affordable housing agency to share in the NALCAB network award. Mi Casa funds will be used to develop affordable homeownership and rental opportunities for low-income households in the District neighborhoods of Eckington (NE/Ward 5) and Brightwood (NW/Ward 4) and the East Baltimore neighborhood of Johnston Square.

“Mi Casa is excited to be part of this national effort,” said Fernando Lemos, Mi Casa executive director. “It is a testament to our capacity on a local level to help build healthy and thriving neighborhoods by developing housing opportunities for individuals and families who would otherwise be unable to afford stable, safe, and secure places to live.”

This federal funding – the largest NSP II award in the nation – will substantively stabilize local real estate markets and stimulate local economies. In addition to the important stabilizing effects on the targeted local markets, the federal investment has major national and historical implications. 

This award represents a major investment in “Main Street” America through a well coordinated collaborative of high-capacity, community-based institutions that have been on the front lines of fighting the foreclosure crisis and its devastating impact on American neighborhoods.

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This award represents one of the largest single federal investments ever made that targets predominately Latino, low-income communities. It recognizes not only the demographic growth of the Latino community, but also the extent to which Latinos have been disproportionately affected by the foreclosure crisis. 

The CPLC/ NALCAB Network NSP II Consortium includes the following organizations and areas:

Organization

Target Area

Chicanos Por La Causa (lead applicant)

Maricopa County and Santa Cruz County, AZ

Mi Casa, Inc.

Johnston Square, Baltimore, MD
Eckington and Brightwood Park, Washington, DC

Affordable Homes of South Texas

Hidalgo County/ McAllen, TX

Community Development Corporation of Brownsville

Brownsville, TX

El Paso Affordable Housing CUSO and Tierra del Sol Housing Dev. Corp.

El Paso, TX and Las Cruces, NM

YES Housing, Inc.

Albuquerque, NM

CHISPA

Cities of Salinas, Gonzales, Soledad, Greenfield, King City, and Hollister, CA

NEW Economics for Women

Areas of Los Angeles and San Fernando, CA
(San Fernando Valley)

Colorado Rural Housing Development Corporation

Counties of Thornton, Westminster, Conejos County, Costilla, Alamosa, Saguache, Hayden, Walsenburg, Monte Vista, and Del Norte in Southern CO

Del Norte Neighborhood Development Corporation/NEWSED CDC/ Northeast Denver Housing Center

Areas of Denver, CO

Norris Square Civic Association

North Philadelphia, PA

The Resurrection Project

New City in Chicago, IL

ABOUT MI CASA, INIC: Mi Casa (www.micasa-inc.org) is a nationally recognized, locally based nonprofit housing developer whose mission is to provide affordable housing in the Washington DC area in order to foster healthy and thriving communities. Since its establishment in 1992, Mi Casa has provided access to stable housing for more than 1,000 low and moderate-income people through single family and multi-family housing programs.

ABOUT CPLC: Chicanos Por La Causa, Inc. (CPLC) is a statewide community development corporation committed to building stronger, healthier communities as a lead advocate, coalition builder and direct service provider. The organization promotes positive change and self-sufficiency to enhance the quality of life for those we serve.

ABOUT NALCAB: The National Association for Latino Community Asset Builders represents and serves a geographically and ethnically diverse group of non-profit community and economic development organizations that are anchor institutions in our nation’s Latino communities.

For more information, contact Fernando Lemos at Mi Casa Inc. at 202-722-7243, 
Fernando@micasa-inc.org.
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Mi Casa, Inc.
6230 3rd Street, NW Suite 2
Washington, DC 20011
P: 202.722.7423
F: 202.722.7427
info@micasa-inc.org