Latino Economic Development Center

Latino Economic Development Center Stable housing. Thriving businesses. Strong communities. The Latino Economic Development Center (LEDC) equips Latinos and other underserved communities in DC, MD, VA, and Puerto Rico with the skills and financial tools to create a better future for their families and communities.
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Participants in our programs learn how to buy and stay in their homes, join with their neighbors to keep their rental housing affordable, and start or expand small businesses.

Participants in our programs learn how to buy and stay in their homes, join with their neighbors to keep their rental housing affordable, and start or expand small businesses.

Operating as usual

Today was Marla Bilonick’s last day at the helm of LEDC. We wish her well at the National Association for Latino Communi...
04/16/2021

Today was Marla Bilonick’s last day at the helm of LEDC. We wish her well at the National Association for Latino Community Asset Builders (NALCAB) and thank her for her leadership! ⁣

Here are some photos from today’s last staff meeting and farewell picnic—needless to say, there were a few tears shed.⁣

Un abrazo grande! - Your LEDC Familia

Por favor comparta! Mañana a las 6pm tendremos una reunión virtual sobre los derechos de los inquilinos que viven en DC....
04/15/2021

Por favor comparta! Mañana a las 6pm tendremos una reunión virtual sobre los derechos de los inquilinos que viven en DC.

Unase a la reunión para estar al tanto con lo más reciente sobre el moratorio de desalojos y otras protecciones de emergencia, el movimiento para cancelar la renta, y diferentes recursos. También discutiremos el nuevo portal de asistencia de renta.

Enlace para unirse a la reunión: https://us06web.zoom.us/j/82060552594

04/13/2021
La Clinica del Pueblo

¡Estamos en vivo con La Clinica del Pueblo! Si alquila en DC, MD o VA, sintonice para obtener información sobre sus derechos y recursos disponibles durante COVID-19.

Acompañanos este martes 13 de Abril en nuestra sesión educativa en vivo donde estaremos hablando sobre derechos de vivienda, les esperamos a las 5:00 PM.

04/13/2021

Conoce a Luis Bonilla, el propietario de Choice Tax Multi-Service!

Luis inició su negocio con el deseo de ayudar a los latinos de la comunidad a acceder a los servicios de preparación de impuestos en español. Un objetivo de la empresa es educar a los clientes sobre el proceso de declaración de impuestos para que se sientan capacitados al momento de tomar el control de sus finanzas.

📍 11248 Georgia Ave, Silver Spring, MD 20902
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Meet Luis Bonilla, the owner of Choice Tax MultiService.

Luis started Choice Tax MultiService as a way to help Latinos in the community access tax preparation services in Spanish. A key goal of the business is to educate clients about the tax filing process so they may feel empowered to take control of their finances. Take a moment to hear his story!

📍 11248 Georgia Ave, Silver Spring, MD 20902

"Many immigrant families stopped using public benefits or steered clear of them, even if they were eligible for them, fe...
04/08/2021
Biden's Covid relief offers Latinos billions. Will they claim it?

"Many immigrant families stopped using public benefits or steered clear of them, even if they were eligible for them, fearing that Trump administration policy changes might jeopardize their chances for legal permanent residency or citizenship. And the first aid package left out many immigrants who pay taxes."

Some Latino financial experts worry Hispanic households may not avail themselves of the Covid relief available through the American Rescue Plan and the Paycheck Protection Program.

ATTENTION ENTREPRENEURS! This Wednesday, April 7 the DC Food Policy Council will host a discussion on commercial kitchen...
04/06/2021
Working Group: Entrepreneurship & Food Jobs | Food Policy Council

ATTENTION ENTREPRENEURS! This Wednesday, April 7 the DC Food Policy Council will host a discussion on commercial kitchen sharing. Join us if you have experience sharing a commercial kitchen or if you have an interest in sharing a kitchen in DC! RSVP ⬇️

April Monthly Meeting of the DC Food Policy Council's Entrepreneurship and Food Jobs Working Group.

"Around 56% of Hispanic renters said in March, before an U.S. eviction moratorium was extended, that they were otherwise...
04/05/2021
Half of Latino renters depend on eviction relief

"Around 56% of Hispanic renters said in March, before an U.S. eviction moratorium was extended, that they were otherwise likely to be forced to leave their homes in the next two months, per Census data."

Evictions contribute to a greater spread of the coronavirus.

Hey, Montgomery County residents! Sign up for LEDC's Tenant Rights & Resources Info Sessions. 2x a week, you'll receive ...
03/31/2021

Hey, Montgomery County residents! Sign up for LEDC's Tenant Rights & Resources Info Sessions. 2x a week, you'll receive up-to-date info on available resources & personal financial counseling. Register at: https://forms.gle/em64hPnJ84EjGohq9 or call 202-688-5786

It is with a bittersweet feeling that we announce LEDC’s Executive Director & CEO Marla Bilonick will step down from her...
03/31/2021

It is with a bittersweet feeling that we announce LEDC’s Executive Director & CEO Marla Bilonick will step down from her role to lead the National Association for Latino Community Asset Builders (NALCAB). Marjorie Nemes, chief strategy & development officer, has been appointed as interim executive director. Read our press release for more details > https://bit.ly/3ftNxD8

"[Yellen] said the administration has begun to give some of the support Latinos need through funding for child care for ...
03/31/2021
Biden, Treasury Secretary Yellen: Latinos will help drive Covid recovery

"[Yellen] said the administration has begun to give some of the support Latinos need through funding for child care for essential workers in the American Rescue Plan. She said the Department of the Treasury plans to inject $4 billion into Community Development Financial Institutions and Minority Depository Institutions."

Hispanic workers and businesses were hit hard by the Covid pandemic but are key in the recovery, Biden and Yellen told the U.S. Hispanic Chamber of Commerce.

A partir del 15 de marzo, el Tribunal del Distrito de Montgomery County comenzó a escuchar los casos de Incumplimiento e...
03/27/2021

A partir del 15 de marzo, el Tribunal del Distrito de Montgomery County comenzó a escuchar los casos de Incumplimiento en el pago de la renta. ¡RECUERDE! Vaya siempre a la corte. Solo un juez puede ordenar un desalojo en la audiencia judicial.

Si recibe una notificación de la corte: Llame al 311 (240-777-0311) de inmediato y a LEDC al 202-688-5786 para recibir recursos adicionales. Para más información sobre las cortes, visite
https://www.mdcourts.gov/courtlanguage/spanish/spanish.

Attention Montgomery County residents behind on rent! Sign up for LEDC's Tenant Rights & Resources Info Sessions. 2x a w...
03/26/2021

Attention Montgomery County residents behind on rent! Sign up for LEDC's Tenant Rights & Resources Info Sessions. 2x a week, you'll receive up-to-date info on available resources & personal financial counseling. Register at: https://forms.gle/em64hPnJ84EjGohq9 or call 202-688-5786

"Around 1 in 5 adult renters say they didn’t pay last month’s rent, according to a survey published this month by the Ce...
03/26/2021
Covid cases could spike if eviction ban is allowed to lapse, experts warn

"Around 1 in 5 adult renters say they didn’t pay last month’s rent, according to a survey published this month by the Census Bureau. Closer to 1 in 3 Black renters said the same."

Research shows evictions lead to a spike in Covid cases, raising concern about what will happen if the national ban on evictions is allowed to expire in days.

Attention Tenants: On March 15, the Montgomery County District Court began hearing Failure to Pay Rent cases. REMEMBER! ...
03/25/2021

Attention Tenants: On March 15, the Montgomery County District Court began hearing Failure to Pay Rent cases. REMEMBER! Always go to court. Failure to appear may result in default eviction. If you receive a court notice: Call 240-777-0311 right away & LEDC at 202-688-5786 for help. https://www.mdcourts.gov/legalhelp/housing

Meet Shiva Gilanshah, the owner of Picture Frame Factory.Shiva was devastated when it was announced in March 2020 that n...
03/24/2021

Meet Shiva Gilanshah, the owner of Picture Frame Factory.

Shiva was devastated when it was announced in March 2020 that non-essential businesses had to close due to COVID-19. At that time, she was unsure how long she could afford to keep her doors closed. After all, rent did not stop and salaries had to be paid to support families.

The news of stimulus money from the government was a welcome sign of relief and it gave her small business some hope. The banks, however, even the ones that they had relationships with for 30 years, paid no attention to their repeated pleas for PPP money. From some miracle, a contact suggested Gilanshah get in touch with the Latino Economic Development Center (LEDC). As she worked with our small business team, she began to see some light at the end of the tunnel. They guided her, with diligence and understanding, through the PPP application until completion.

Shiva says she is grateful for LEDC’s attention to her small business and the funds that they provided Picture Frame Factory so they could continue to operate. Their neon sign continues to light up the neighborhood and give other small businesses hope that there are organizations such as LEDC that are looking out for them.

To learn more about Picture Frame Factory, visit pictureframefactorydc.com or stop by their shop, located at 2300 18th St NW, Washington, DC 20009.

Take a moment to read about four Latina entrepreneurs disrupting the food scene in DC. We're particularly proud to see A...
03/24/2021
How Four Latina Food Entrepreneurs Found Their Way in D.C. - WCP

Take a moment to read about four Latina entrepreneurs disrupting the food scene in DC. We're particularly proud to see Arepa Zone's Gabriela Febres on this list!

Four Latina food entrepreneurs —Yudith Bustos, Anabella Arcay, Gabriela Febres, and Sara Quinteros-Shilling—are making their mark on D.C.'s culinary scene.

"Currently in the United States: 1 in 5 people is behind on their rent. 2.8 million Americans are in mortgage forbearanc...
03/22/2021
Council Post: 2021 Housing Market Trends: What Buyers Need To Know

"Currently in the United States: 1 in 5 people is behind on their rent. 2.8 million Americans are in mortgage forbearance. 35% of the population has a FICO score below 680. Americans have a collective $10 trillion in home equity. The real U.S. unemployment rate is at 10%."

Americans need to know that the housing market will not be on fire like it is today forever.

"The House on Thursday passed an immigration bill that would create a pathway to citizenship for millions of "Dreamers" ...
03/19/2021
House passes immigration bill, citizenship bill for farmworkers

"The House on Thursday passed an immigration bill that would create a pathway to citizenship for millions of "Dreamers" and passed another bill to allow green cards and overhaul protections for farmworkers."

One measure would provide a pathway to citizenship for "Dreamers," while the other would allow green cards for farmworkers.

Join us TODAY at the official launch event of Future Baltimore's Small Business Accelerator! Through this innovative pro...
03/18/2021

Join us TODAY at the official launch event of Future Baltimore's Small Business Accelerator!

Through this innovative program, West Baltimore-based businesses will participate in an intensive and accelerating series of coursework, receive one-to-one business coaching from industry experts, and learn about financing options to achieve business success. The official 2021 Launch Event will provide an opportunity for community organizations to nominate small businesses in West Baltimore to be part of the 2021 Class.

The virtual event will take place today at 2pm ET via Zoom. To RSVP, please email [email protected].

03/17/2021
Zodiac

Conoce a María Bueno, la dueña de Zodiac.

Zodiac se estableció originalmente en DC en 1973 como una tienda de periódicos y discos. Hoy en día, esta tienda opera en Wheaton y poco a poco se ha convertido en una tienda fundamental entre la comunidad latina. Desde accesorios para teléfonos celulares hasta servicios de transferencia de dinero a toda Latinoamerica, Zodiac trabaja para satisfacer las diversas necesidades de los latinos y la comunidad en general.

📍 11248 Triangle Ln, Silver Spring, MD 20902

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Meet Maria Bueno, the owner of Zodiac.

Zodiac was originally established in DC in 1973 as a newspaper and records store. Today, the one-stop-shop operates out of Wheaton and has slowly become a staple within the Latino community. From cell phone accessories to money wiring services, Zodiac works to meet the varied needs of Latinos and the community at large.

📍 11248 Triangle Ln, Silver Spring, MD 20902

#WomensHistoryMonth #MesDeLaMujer

"Nearly one in four home buyers between April and June bought houses priced at $500,000 or more. Less-expensive homes be...
03/17/2021
The Pandemic Ignited a Housing Boom—but It’s Different From the Last One

"Nearly one in four home buyers between April and June bought houses priced at $500,000 or more. Less-expensive homes became harder to find. Sales of homes priced at $250,000 and below declined in 2020 from a year earlier, according to NAR."

Residential home sales are hitting peaks last seen in 2006, just before the bubble burst, but this time mortgages are stricter, down payments are higher, and a tight supply is supporting prices.

Looking for ways to celebrate Women's History Month? Just select "Woman-owned" under the "Power Search" tab in our Small...
03/16/2021

Looking for ways to celebrate Women's History Month? Just select "Woman-owned" under the "Power Search" tab in our Small Business Directory to discover women-owned restaurants, shops, services, and more all in your backyard!

> https://localbiz.ledcmetro.org/search

"Child care workers — the majority of whom are women, and about 40 percent of whom are women of color — often make pover...
03/16/2021
The problem is work

"Child care workers — the majority of whom are women, and about 40 percent of whom are women of color — often make poverty-level wages, an average of around $11 an hour. They are also disproportionately likely to lack health insurance, paid sick leave, and other benefits. And yet they often work 10-hour days or even longer to keep up with the demands of parents’ work schedules."

Pandemic parenting is impossible. American work culture is a big reason why.

People of color are paying more than twice the amount in banking fees than white Americans, a Bankrate survey found.
03/15/2021
Latinos, Blacks pay over twice as much in bank fees, survey finds

People of color are paying more than twice the amount in banking fees than white Americans, a Bankrate survey found.

Americans who saw their income negatively impacted by the coronavirus pandemic also reported paying more in fees than those who weren’t financially hit by the crisis.

Lexington Market has opened up round two of vendor applications. They're looking for small businesses that will better r...
03/15/2021

Lexington Market has opened up round two of vendor applications. They're looking for small businesses that will better reflect the diversity of Baltimore. If you think your business has what it takes, head to Lexington Market for more information. Applications close on March 19th!

> https://transformlexington.com/vendor-application/

#lexingtonmarket #wearelexingtonmarket #smallbusinessowner #smallbusiness

"Across 38 major U.S. metros, more than $107 billion worth of homes at high risk for flooding were located in historical...
03/15/2021
Historically Redlined Neighborhoods Face Far Higher Flood Risks

"Across 38 major U.S. metros, more than $107 billion worth of homes at high risk for flooding were located in historically redlined (and yellowlined) neighborhoods. That’s 25% more than the value of homes at high flood risk located in parts of the city deemed desirable—that is, white neighborhoods."

Across dozens of major U.S. metros, more than $107 billion worth of homes at high risk for flooding are located in neighborhoods that suffered redlining in the 1930s.

Address

1401 Columbia Rd NW, Unit C-1
Washington D.C., DC
20009

Opening Hours

Monday 09:00 - 17:00
Tuesday 09:00 - 17:00
Wednesday 09:00 - 17:00
Thursday 09:00 - 17:00
Friday 09:00 - 17:00

Telephone

(866) 977-5332

Products

We provide services in three fields—small business development, homeownership counseling, and affordable housing preservation.

Small Business Development Services: With our microloans, technical assistance, training, commercial façade improvement, and organizing services, LEDC helps low to moderate-income businesses and entrepreneurs compete, thrive, and provide for their families and communities.

Homeownership Counseling: LEDC helps people purchase their first home through classes, workshops, individual counseling, including credit repair and application packaging for the DC Home Purchase Assistance Program. We accommodate clients’ individual needs to make sure they understand how to make a wise investment in a home. Our Foreclosure Intervention program helps homeowners pursue financial security and emotional stability by explaining to them the available options when facing the prospect of foreclosure and serving as a mediator between homeowners and lenders.

Affordable Housing Preservation: By organizing, educating and empowering tenants, we will prevent displacement and secure reliable, long-term, affordable housing, so that very low and low-income tenants can plan for their futures and build wealth for their families.

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Working families deserve to live in affordable homes and own successful small businesses -- but too many are unable to turn these dreams into reality. The Latino Economic Development Center (LEDC) equips Latinos and other D.C.-area residents with the skills and financial tools to create a better future for their families and communities. Participants in our programs learn how to buy and stay in their homes, take control of decisions affecting their apartment buildings, and start or expand small businesses. The entire D.C. area is stronger when all families have the power to achieve financial independence and join with their neighbors to improve their quality of life.

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