WashingtonAnd Jan 19 2022 /PRNewswire/ — The Center for Inclusive Community Development for the Disabled (CDICD), operated by the National Disability Institute (NDI), today announced the three winners and their partners of its second annual Community Development Awards: True Link Financial and Sunrise Banks; Life Asset, a Community Development Financial Institution (CDFI); And Goodwill Industries East Texas and Prosperity Bank. The purpose of the awards is to increase visibility of the most promising and exemplary activities of financial institutions and community-based organizations to support low- and middle-income (LMI) individuals with disabilities to improve their financial stability and health. More active participants in adding value to our nation’s economy.
“CDICD is proud to announce the winners of our second annual Inclusive Community Development Award. Each of our winners have created unique initiatives to support people with disabilities in low- and middle-income communities,” Michael RoachDirector of the Center for Inclusive Community Development for Disability. “All of our winners have demonstrated the innovation, impact, and inclusion that have contributed to the vitality of their communities, including economic and employment opportunities for people with disabilities.”
True Link and Sunrise Banks Create ABLE Visa Prepaid® Card with the view that high-quality spending tools are especially necessary to maximize the benefits of ABLE accounts. The partnership shares a common goal: to increase the independence and financial capacity of ABLE account holders by ensuring that more account holders have a card in their name to make daily purchases with their ABLE funds.
“True Link is committed to providing high-quality financial services designed for people with disabilities and their loved ones,” he said. Kay StinchcombeCEO, True Link. “We are proud to serve the thousands of ABLE beneficiaries and advance their independence and financial well-being through our services. The National Disability Institute is a true leader in identifying initiatives that positively impact the futures of people with disabilities and their families, so we are honored that True Link’s efforts are being honored with the Community Development Awards overall”.
“We are excited to partner with True Link to help provide consumers with greater financial independence,” he said Brian Toft, Chief Revenue Officer, Sunrise Banks. “The ABLE VISA Card is a product we are proud to support.”
Life Asset further empowers low-income entrepreneurs Washington DC An area to start or expand a business by offering micro loans (loan less than 5000 dollars) and financial training for those who are unable to obtain loans elsewhere. By combining microcredit, comprehensive financial training, and peer support, Life Asset provides clients with the tools they need to overcome barriers to economic opportunity, create jobs for themselves and others, and become financially self-sufficient. Approximately 12 percent of Life Asset’s clients are people with disabilities.
“Life Asset is grateful for this recognition because it inspires us to continue our work providing microcredit and business training to help people with disabilities create employment and build their financial resilience through small business ownership,” Marcus Larson, founder and CEO, Life Asset. “There are many others who deserve to participate in this award – primarily many serious entrepreneurs with disabilities who provide invaluable products and services through their businesses. We look forward to continuing to work with NDI and our partners to ensure that the needs of entrepreneurs with disabilities are included during We worked to expand access to small business loans and training in Washington DC space.”
Good intentions East Texas Provides job training resources and comprehensive support services, including programming strategically designed to increase the independence and financial stability of individuals with disabilities. Prosperity Bank began partnering with the organization in January 2017 To deliver financial education workshops to Goodwill employees and program participants, many of whom are underbanked and lack basic banking skills. More than 200 good intentions East Texas Staff and program participants are introduced annually through this unique partnership.
“Receiving this award from the Center for Inclusive Community Development for People with Special Needs proves the validity of the work that our committed employees perform on a daily basis,” he said. Kimberly B. LewisCEO, Goodwill Industries East Texas. “Serving and working in an inclusive community breathes life into everyone who participates. A diverse and inclusive community means $30 per cent more dollars in the community per year, as people with disabilities contribute both as employees and customers of local businesses. Socially, an inclusive community means that people have a sense of By belonging. We all need it now more than ever.”
He said, “Community engagement has always been a core value at Prosperity Bank, and I am honored to acknowledge our efforts in this way.” Scott FolandSales Development Manager, Prosperity Bank. “We are grateful to Goodwill Industries East Texas And all the other organizations that joined us in giving back to our community last year. Together, we can make a real difference in the lives of those around us.”
Nominations were evaluated on the basis of innovation, responsiveness, collaboration and impact in building a better financial future for people with disabilities and their families. Areas of focus included: workforce development, affordable and accessible housing, small business development, financial literacy and counseling, adaptive technology, digital literacy, and digital access.
The CDC works to improve the financial health and well-being of low- and middle-income individuals with disabilities and their families to re-examine approaches, roles, and responsibilities of stakeholders to proactively address the needs of financial access and economic opportunities for people with disabilities through community development. A key component is raising awareness and using the opportunities and resources available under the Community Reinvestment Act (CRA).
Launched in 2019, the center focuses on the importance of comprehensive community development activities. These include improving how the financial, community development, and disability communities can work more closely together to respond to current financial and economic challenges and drawing attention to positive examples of CRA investment, lending, and services that support financial resilience for people with disabilities from LMI and their families. . In the coming year, the Center’s work will continue to focus on improving the financial health and well-being of individuals with LMI and their families by raising awareness of community development opportunities and utilizing the resources available under the CRA.
The National Institute on Disability is the first and only national organization focused exclusively on the financial health and wellness of people with disabilities and their families. With a focus on poverty reduction, financial capacity, and financial inclusion, NDI continues to build broad relationships between people with disabilities and financial communities to focus on systems change.
To learn more about the Disability Inclusive Community Development Center and its activities, visit www.cdicd.org.
About the Disability Inclusive Community Development Center
The Center for Comprehensive Disability Community Development focuses on improving the financial health and well-being of low- and middle-income (LMI) individuals with disabilities and their families by raising awareness and using the opportunities and resources available under the Community Reinvestment Act (CRA). The Center creates an opportunity to re-examine the approaches, roles, and responsibilities of regulated financial institutions to proactively address the needs of financial access and economic opportunity for people with disabilities through CRA. To learn more about the Disability Inclusive Community Development Center and its work, visit www.cdicd.org.
About the National Institute of Disability
National Institute of Disability (NDI) is a national non-profit organization dedicated to building a better financial future for people with disabilities and their families. The first national organization exclusively committed to advocating for economic empowerment, financial education, asset development, and financial stability for all people with disabilities, NDI impacts change through public education, policy development, training, technical assistance, and innovative initiatives. To find out more, visit www.nationaldisabilityinstitute.org. Interact with NDI on Facebook: Tweet embed Or follow the NDI on Twitter: Tweet embed.
Call: Kathleen Branigankbrannigan@ndi-inc.org, 917-647-4430
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SOURCE National Disability Institute