Policy

Policy Advocacy

At NALCAB, we recognize the importance of amplifying the voice of our members who create economic opportunity in communities across the country. We want to be sure our members are heard on Capitol Hill, at key federal agencies, and at city hall.  That is why we are committed to engaging in the public policymaking process to advocate on behalf of government policies that would help strengthen economic opportunity in communities across the country. We focus our efforts on our core policy priorities, which include consumer finance, housing and community development, small business, Community Development Financial Institutions (CDFIs), and immigration.

Community Development Financial Institutions

Community Development Financial Institutions (CDFIs) are financial institutions that provide capital to people and communities underserved by traditional financial institutions. CDFIs help support small business and affordable housing growth, which can enable economic opportunity in low- and moderate-income communities. Many of our members are CDFIs who leverage private and public funds to provide crucial investments in underserved communities.  We support robust appropriations to the CDFI Fund which will enable the continued growth of CDFIs in Latino communities.

Consumer Financial Protection

Support the Regulation of Predatory Lending at the Federal Level: Work to safeguard against predatory lending practices such as payday and online lending to homeowners, consumers and small businesses.

Support responsible lending products.

Defend Enhanced Consumer Protections Established in Dodd-Frank and Related Banking Regulations: Support efforts to defend the law’s consumer protections from being rolled back or weakened.

Support an Independent Consumer Financial Protection Bureau (CFPB): Protect consumers by supporting a CFPB that is independent from external political influence.

Housing and Community Development

Healthy and prosperous neighborhoods serve as the foundation for economic mobility. NALCAB members understand this well and leverage resources from key federal programs including the Community Development Block Grant (CDBG) program, HOME Investment Partnerships Programs (HOME), Community Economic Development (CED) program, and a range of economic development programs housed within the United States Department of Agriculture (USDA) Office of Rural Development to strengthen urban and rural communities. To ensure that our members’ work can continue to thrive, NALCAB supports robust Congressional appropriations for federal programs that support activities such as housing rehabilitation, homeownership, small business training and development, façade improvements, streetscapes, rural development, and other efforts that invest in and help revitalize communities.

Advocate for Housing Finance Reform that Supports the Financing of Affordable Housing: Support housing finance reforms that ensure strong and implementable affordable housing goals.

Prevent Involuntary Displacement: Monitor and develop local housing and land use policies that mitigate involuntary displacement.

Strengthen Fair Housing Policy: Work to ensure fair housing laws, regulations and policies foster equitable development and better match the needs and opportuntiies in predominately Latino communities

Small Business

Small businesses are the engines of our nation’s economy. That is why we are strongly supportive of programs like the Small Business Administration’s (SBA) Microloan and 7(a) Loan programs, which work to provide capital to small businesses in traditionally underserved markets. We also see opportunity for financial institutions to more equitably serve Latino-owned small businesses, which is why we are supportive of the CFPB’s ongoing efforts to implement Section 1071 of the Dodd-Frank Act, which will require lending institutions to collect and report demographic data about the clients they serve.  Better data is the first step in understanding how to better serve Latino businesses. Working to open access to capital for underserved small businesses, advocate for greater transparency in small business lending data and address the specific needs and opportunities of Latino entrepreneurs

Immigration 

Advance Public Understanding of the Economic Value of Immigration Policy for the US Economy: Support sensible immigration policy that enhances our workforce and stimulates economic activity including policies that promote immigrant entrepreneurship, protects workers and encourages Latino talent to stay in the U.S.

Advocate for a Path to Citizenship: Support policies that provide an earned path to citizenship for aspiring Americans with a particular emphasis on Deferred Action for Childhood Arrivals (DACA) recipients and families.

Disaster Recovery

Advocate for Equitable Investment in Communities Impacted By Disasters:  Monitor and advocate for policies that help Low and Moderate Income (LMI) households and small businesses recover from disasters and support long-term disaster recovery policies that advance equitable development as well as fair housing.

Federal Appropriations

Support Federal Community Development Funding:  Work to ensure meaningful funding levels for federal programs that are important to NALCAB members including HUD CDBG, HOME and SHOP, SBA PRIME, US Treasury CDFI, USDA  Rural Development Programs and CED Programs.

Opening Up Access to Capital for Community Economic Development Activities

Strengthen Access to CDFI Fund for Latino Communities: Continue support for emerging Latino CDFIs that seek certification and funding through Treasury’s CDFI program.

Support a Strong Community Reinvestment Act and Sensible Reforms: Protect and improve Community Reinvestment Act (CRA) for the 21st century

Coalitions

NALCAB participates in several coalitions to advocate for sensible government policies that support economic opportunity in Latino communities. Click on the link to find out more about our coalition efforts.

Americans for Financial Reform

Americans for Financial Reform is a nonpartisan and nonprofit coalition of more than 200 civil rights, consumer, labor, business, investor, faith-based, and civic and community groups. Formed in the wake of the 2008 crisis, we are working to lay the foundation for a strong, stable, and ethical financial system – one that serves the economy and the nation as a whole.

Campaign for Housing and Community Development Funding

The Campaign for Housing and Community Development Funding (CHCDF) is an education, strategy and action coalition of more than 70 national organizations that works to ensure the highest allocation of resources possible to support affordable housing and community development.

Tax Alliance for Economic Mobility

The Tax Alliance for Economic Mobility convenes racial justice advocates, asset-building advocates, tax reform experts, and researchers to identify near- and longer-term policy priorities to expand savings and investment opportunities for lower-income households through reform of the U.S. tax code. The Alliance includes a coalition of national organizations that have agreed on shared principles and are working to educate and engage their networks about why inclusive, progressive, and equitable tax reform is crucial to building the long-term security of families, communities, and the national economy.

Current Work

DACA Policy Toolkit                               Tax Reform Highlights                              Opportunity Zones