The Valley Economic Alliance announced Monday that it received a $20,000 grant from the Bank of America Charitable Foundation in support of the nonprofit’s 2021-2022 economic mobility initiatives.
The grant money will be allocated toward the alliance’s general operations and to generate awareness for its Housing Creates Communities Program.
The program is funded by the National Association of Realtors and supported by the Southland Regional Association of Realtors. Housing Creates Communities underscores the availability of new housing opportunities with statistics from a recent survey of 600 San Fernando Valley residents commissioned by the alliance.
The money will also support the alliance’s business assistance program in addition to a community revitalization initiative.
“We’re elated to be selected as recipients of such a changemaking financial reward,” Sonya Blake, the alliance’s chief executive, said in a statement. “Now more than ever before, we are laser-focused on supporting business growth, strengthening our labor market and meeting the critical housing needs of our residents, so we plan to engage the community by promoting our programs and services to a wider audience.”