Chase makes $1 million grant to National
Dec. 16, 2004
Guest: Tommy Espinoza, President & CEO of Raza Development Fund (RDF) Chase, the retail banking unit of JP Morgan Chase & Co., announced a $1 million grant to National Council of La Raza (NCLR) and its community development subsidiary, the Raza Development Fund. Raza Development Fund is the nation’s largest and most successful Latino Community Development Financial Institution in the country. RDF will use the grant money to help NCLR-affiliated community-based organizations around the country in purchasing and developing land for affordable housing, charter schools, community child and health care centers, including a project in South Phoenix. The rest will go to home-buyer and general financial education.