Zephyrhills, FL – Prestamos CDFI, a division of Chicanos Por La Causa, is pleased to announce an $8.5 million New Market Tax Credit (NMTC) allocation to finance the equipment and working capital needs of a 160,000 square-foot food manufacturing facility and warehouse located in the severely distressed community of Zephyrhills, Florida. The project supports the […]
Houston, TX – Prestamos CDFI, a division of Chicanos Por La Causa, is pleased to announce a $10 million New Market Tax Credit (NMTC) allocation to finance the expansion and modernization of Cristo Rey Jesuit College Preparatory School of Houston’s educational campus in southeast Houston, Texas. The NMTC investment will support new construction and the […]
Dumas, TX – Prestamos CDFI, a division of Chicanos Por La Causa, is pleased to announce a $5 million New Market Tax Credit (NMTC) allocation to support the working capital needs associated with the expansion of services and patient capacity at Memorial Hospital, a rural critical access hospital and health clinic serving in Dumas, Texas, […]
Palm Springs, CA – Prestamos CDFI, a division of Chicanos Por La Causa, is pleased to announce a $11.5 million New Market Tax Credit (NMTC) allocation to finance the development of a new 175,000 square-foot Palm Springs community college campus on approximately 27 acres located within the severely distressed community of Palm Springs, California. The […]
Corrigan, TX – Prestamos CDFI, a division of Chicanos Por La Causa, is pleased to announce a $21 million New Markets Tax Credit (NMTC) investment to support a major expansion of an oriented strand board (OSB) manufacturing facility in the rural community of Corrigan, Texas. The project will strengthen and expand operations at RoyOMartin, a […]
April is Financial Empowerment Month, a time dedicated to highlighting the importance of financial education to promote smart money habits and build long-term financial security. This is especially important for small business owners. While entrepreneurs are often driven by their passion to create, be their own boss, and build the business of their dreams, they […]
On Wednesday, March 18th, our community was shocked by the painful revelations regarding the history of abuse by Cesar Chavez. We stand firmly with survivors, and as part of the Chicanos Por La Causa (CPLC) family of programs, we stand firmly with their response. To read the full CPLC statement please visit: https://cplc.org/news/we-stand-with-survivors If you or anyone you […]
PHOENIX – Prestamos CDFI, LLC, a division of Chicanos Por La Causa, has been awarded $90 million in New Markets Tax Credits (NMTC) from the U.S. Department of the Treasury’s Community Development Financial Institutions (CDFI) Fund.Prestamos is a Community Development Entity that provides capital to businesses and community facility projects in highly distressed, low-income communities […]
This month, Prestamos CDFI was honored to be named as one of 5 non-profit organizations serving the New Mexico and Albuquerque region to receive donations from UMB Bank. This generous investment will help us to expand our impact across the region, strengthening our ability to support small businesses and entrepreneurs through access to capital, technical […]
What began as a small team managing Chicanos Por La Causa’s Economic Development department throughout rural Arizona has grown into a powerful champion for small business and community investments across the Southwest. As we celebrate 25 years of Prestamos, and reflect on our milestones as a certified Community Development Financial Institution (CDFI), we honor the […]
