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Power Station

Nov 4, 2019

Since 1991, Latino Economic Development Center, a DC based nonprofit, has worked side by side with Latino families to make their American Dreams possible. These families, both citizens and undocumented immigrants, have aspirations of safe and affordable rental housing, home ownership and the launching and expansion of small businesses. But they are under-resourced in the federal budget and underserved by banks that view them as too risky to invest in. This is why LEDC became a Community Development Financial Institution, a lender certified by the US Department of Treasury, to make the investments that others will not. As executive director Marla Bilonick explains, an ethos of service, expertise in asset building and commitment to progressive policy advocacy has enabled LEDC to thrive in a very divisive political climate. LEDC has opened new offices in Baltimore, Wheaton, Maryland, Arlington, Virginia and recently, Mayaguez, Puerto Rico. A local organization is now a national change maker.