Latino State News
Durbin Announces Over $1.7Mil in Grants for Community Service Organizations
December 16, 2010. U.S. Senator Dick Durbin (D-IL) announced today that the Corporation for National & Community Service (CNCS) has awarded roughly $1,720,000 in funding to 10 Chicago nonprofit organizations working to expand economic opportunities. Grantees will use this funding to help low income families boost their earnings, reduce expenses, and make better financial decisions.
CNCS is a federal agency that leads President Obama’s national call to service initiatives and engages more than 5 million Americans to improve lives, strengthen communities, and foster civic engagement through service and volunteering. Today’s funding was awarded through the Local Initiative Support Corporation which is a national nonprofit organization that combines corporate, government, and philanthropic support to help community residents transform distressed neighborhoods into healthy and sustainable communities of choice and opportunity.
The following Back of the Yards organizations will receive funding under today’s announcement:
• Greater Southwest Development Corporation: $140,000 in funding to increase the number of clients accessing financial coaching services. Greater Southwest Development Corporation expects to help 75 clients obtain employment, 75 improve their net income, and 52 improve their credit scores.