Senator Tom Udall’s Office to Host Information and Networking Event with Raza Development Fund

The Office of U.S. Senator Tom Udall is hosting an Information and Networking Event in conjunction with Raza Development Fund from 1:30 p.m. – 3:30 p.m. on Tuesday, December 17, at the Doña Ana County Government Center located at 845 N. Motel Blvd. in Las Cruces. Nonprofits, local governments, businesses, community–based organizations and others seeking financing for construction or rehabilitation of community facilities, health centers, charter schools and affordable housing development projects are invited to attend.

Raza Development Fund, the largest national Latino Community Development Financial Institution in the United States, seeks to invest in projects in New Mexico and along the United States-Mexico border. TheInformation and Networking Event will feature presentations by Melanie Goodman, a member of Udall’s staff, and Guadalupe Gomez, Raza Development Fund’s Director of U.S.-Mexico Border Programs. The presentations will allow interested New Mexicans to learn about capital infrastructure financing opportunities available through Community Development Financial Institutions (CDFI) such as Raza Development Fund. A question-and-answer session will follow the presentations, and participants will have a chance to speak individually with Raza Development Fund staff.

“As our economy continues to recover, investing in our communities is critical to developing our businesses and creating jobs. Community Development Financial Institutions possess a unique ability to leverage private sector funding for community development projects,” Udall said. “I encourage anyone interested in seeking capital infrastructure financing for affordable housing, education, and health care projects to attend my office’s Information and Networking Event to learn about what financing opportunities are available through Raza Development Fund.”

As the chairman of the Financial Services and General Government Appropriations Subcommittee, which oversees CDFI, Udall recently introduced a bill to support community development funding in underserved areas. The purpose of the CDFI Fund is to expand the capacity of financial institutions to provide capital, credit, and financial services to underserved populations. Udall’s bill would provide $230 million for the CDFI Fund, which would support efforts to promote CDFI expansion into underserved communities, including tribal nations and rural areas in New Mexico and across the country.

To attend the event, please RSVP to Emma_Hamilton@tomudall.senate.gov, or call Senator Udall’s office in Las Cruces at (575) 526-5475 with questions.