Raza Development Fund's $150 million investment in 2023, with half for UnidosUS affiliates, empowers community organizations to overcome financial challenges and enhance their impact.
Community-based organizations are the backbone of vibrant communities. They bridge critical gaps in essential services, fostering economic activity and creating jobs, especially in underserved areas. From healthcare and education to affordable housing and social services, nonprofits play an irreplaceable role in building trust and empowering low-income families to achieve economic mobility. However, these vital organizations often face significant challenges, particularly securing the financial resources and staffing needed to meet growing demand. A 2019 National Council of Nonprofits report found that over half of nonprofits struggled to keep pace due to these limitations.
As a leading Community Development Financial Institution (CDFI), Raza Development Fund (RDF) is dedicated to fueling the growth of community heroes. We provide critical financial resources and capacity-building support, enabling them to expand their reach, provide innovative services, and deliver a lasting impact.
This year, we’ve doubled down on our commitment to UnidosUS affiliates. With an “affiliate-first” approach, we’ve expanded our offerings of targeted support in financial management, loan readiness, real estate development, and achieving financial sustainability. This ensures that our affiliates are equipped to deliver the best possible services to their communities.
In 2023 alone, RDF invested $150 million, with a remarkable 50% directed towards our affiliates. NMTC Affiliate Investment was $28 million. $628,000 was invested through consultants and third-party providers supporting Affiliates. We closed on 41 small business loans across 5 cities in partnership with Affiliates. Over the year our staff engaged with 84 affiliates providing technical assistance, training, peer to peer learning opportunities and partnerships across 24 states. This translates to tangible improvements in the lives of countless individuals. Juntos, we can build stronger, more resilient communities where everyone has the chance to thrive.