Center for Disability-Inclusive Community Development Announces Winners of Second Annual Inclusive Community Development Award
WASHINGTON, January 19, 2022 /PRNewswire/ — The Center for Disability-Inclusive Community Development (CDIDC), operated by the National Disability Institute (NDI), today announced the three winners and their partners of its second annual Inclusive Community Development Awards: True Link Financial and Sunrise Banks; Life Asset, a Community Development Financial Institution (CDFI); and Goodwill Industries of East Texas and Prosperity Bank. The objective of these awards is to increase the visibility of the activities of financial institutions and community organizations that are promising and exemplary in supporting people with disabilities with low or moderate income (LMI) in order to improve their financial stability and their health and to be more active participants in adding value to our country’s economy.
“The CDIDC is proud to announce the winners of the second annual Inclusive Community Development Award. Each of our winners has created unique initiatives that support people with disabilities in low- and middle-income communities,” said Michael Roush, Director, Center for Disability Inclusive Community Development. “All of our winners have demonstrated innovation, impact and inclusiveness that have contributed to the vibrancy of their communities, including economic and employment opportunities for people with disabilities.”
True Link and Sunrise Banks created the ABLE Visa Prepaid® Card with the idea that high-quality spending tools are especially critical to maximizing the benefits of ABLE accounts. The partnership shares a common goal: to increase the independence and financial capability of ABLE account holders by ensuring that more account holders have a card in their name to make everyday purchases using their ABLE funds.
“True Link is committed to providing high quality financial services designed for people with disabilities and their loved ones,” said Kai Stinchcombe, CEO, True Link. “We are proud to serve thousands of ABLE recipients and promote their independence and financial well-being through our services. The National Institute for Disability is a true leader in identifying initiatives that positively affect the future of people with disabilities and their families, it is an honor for True Link’s efforts to be recognized through the Inclusive Community Development Awards.”
“We are thrilled to partner with True Link to help provide greater financial independence for consumers,” said Bryan Toft, Chief Revenue Officer, Sunrise Banks. “The ABLE Visa card is a product we are proud to support.”
Life Asset enables low-income entrepreneurs from large washington d.c. to start or expand a business by providing microloans (a loan of less than $5,000) and financial education to those who do not have access to loans elsewhere. By combining microloans with comprehensive financial education and peer support, Life Asset provides clients with the tools they need to overcome barriers to economic opportunity, create jobs for themselves and others, and become financially autonomous. About 12% of Life Asset clients are people with disabilities.
“Life Asset is grateful for this recognition as it inspires us to continue our work providing microloans and business training to help people with disabilities create jobs and build financial resilience through small business ownership,” said Markus Larsson, Founder and Executive Director, Life Asset. “There are many more who deserve to share this award – primarily the many hard-working entrepreneurs with disabilities who provide invaluable products and services through their businesses. We look forward to continuing to work with NDI and our partners. to ensure that the needs of disabled entrepreneurs people with disabilities are included as we work to expand access to small business loans and training in the washington d.c. region.”
goodwill of East Texas provides job training resources and comprehensive support services, including programs strategically designed to increase the independence and financial stability of people with disabilities. Prosperity Bank began partnering with the organization in January 2017 to deliver financial education workshops to Goodwill staff and program participants, many of whom were underbanked and lacked basic banking skills. More than 200 businesses from East Texas Program staff and participants are served each year through this unique partnership.
“Receiving this award from the Center for Disability-Inclusive Community Development validates the work our dedicated staff do every day,” said Kimberly B. Lewis, CEO, Goodwill Industries of East Texas. “Serving and working in an inclusive community brings life to everyone involved. A diverse and inclusive community equals more than 30% more dollars in the community annually because people with disabilities contribute both as employees and customers in local businesses. Socially, an inclusive community means people have a sense of belonging. We all need that now more than ever.
“Community involvement has always been a core value at Prosperity Bank, and it is an honor to be recognized for our efforts in this way,” said Scott Voland, Director of Sales Development, Prosperity Bank. “We are grateful to Goodwill Industries for East Texas and all the other organizations that joined us in giving back to our community last year. Together, we can make a real difference in the lives of those around us.”
Entries were judged on innovation, responsiveness, collaboration and impact in building a better financial future for people with disabilities and their families. Areas of focus included: workforce development, affordable and accessible housing, small business development, literacy and financial advice, adaptive technology, digital literacy and digital access.
The Center for Disability-Inclusive Community Development works to improve the financial health and well-being of low- and moderate-income people with disabilities and their families to re-examine stakeholder approaches, roles and responsibilities to proactively respond to needs for financial access and economic opportunity. people with disabilities through community development. A key component is to increase awareness and use of the opportunities and resources available under the Community Reinvestment Act (CRA).
Launched in 2019, the Center focuses on the importance of inclusive community development activities. This includes improving how the finance, community development and disability communities can work more closely together to respond to today’s financial and economic challenges and drawing attention to positive examples of ARC investments, loans and services that support the financial resilience of people with IMT disabilities and their families. . Over the next year, the Centre’s work will continue to focus on improving the financial health and well-being of IMT people with disabilities and their families by increasing awareness of community development opportunities and the use resources available under the ARC.
The National Disability Institute is the first and only national organization focused exclusively on the financial health and well-being of people with disabilities and their families. With a focus on poverty reduction, financial capability, and financial inclusion, NDI continues to build broad relationships between people with disabilities and the financial communities to focus on systems change.
To learn more about the Center for Disability-Inclusive Community Development and its activities, visit www.cdicd.org.
About the Center for Disability Inclusive Community Development
The Center for Disability-Inclusive Community Development focuses on improving the financial health and well-being of low- and moderate-income (LMI) people with disabilities and their families by increasing awareness and use of opportunities and resources available under the Community Reinvestment Act (ARC). The Center creates an opportunity to re-examine the approaches, roles and responsibilities of regulated financial institutions to proactively meet the financial access and economic opportunity needs of people with disabilities through ARC. To learn more about the Center for Disability-Inclusive Community Development and its work, visit www.cdicd.org.
About the National Institute for Disability
National Institute for Disabilities (NDI) is a national nonprofit organization dedicated to building a better financial future for people with disabilities and their families. The first national organization committed exclusively to advocating for economic empowerment, financial education, asset development, and financial stability for all people with disabilities, NDI influences change through public education, policy development, training, technical assistance and innovative initiatives. To learn more, visit www.nationaldisabilityinstitute.org. Engage with NDI on Facebook: @NationalDisability or follow NDI on Twitter: @NatDisability.
Contact: Kathleen Brannigan, [email protected], 917-647-4430
SOURCE National Institute for Disability