AL Power Foundation Grants Hispanic Coalition

The Alabama Power Foundation recently issued a grant to the nonprofit Hispanic Interest Coalition of Alabama (HICA) to “help Hispanic families navigate through these tough financial times and secure stable and permanent homes, while also expanding opportunities for Hispanic small businesses and entrepreneurs,” it announced via Alabama Newcenter. The grant is multilayered, with money for professional, technical and marketing services and support for Hispanic small businesses and entrepreneurs to help them expand and create jobs. It will support financial workshops for Hispanic families to help them build credit, reduce debt and increase savings, while providing support to aid first-time homeowners, and rental assistance and housing counseling for Latino families. It will also support a HICA program that provides microloans to small Hispanic businesses, and a program that provides tax assistance and counseling for businesses and families. Founded in 1999, HICA is a community development and advocacy organization supported by the United Way of Central Alabama, Inc.