Washington, DC – February 18, 2021 In recognition of the long-term commitment to improve the economic mobility of families in Washington, DC and throughout the Washington metropolitan region, Capital Area Asset Builders (CAAB) was named as one of two non-profit organizations to receive the prestigious Bank of America Neighborhood Builders® Award for 2020.
CAAB will receive a $200,000 grant in addition to leadership training, collaboration opportunities with a nationwide network of peer organizations, and access to capital for further expansion of CAAB’s social impact. CAAB was selected—together with Martha’s Table—because of the organizations’ history of work to address issues of social progress and economic mobility in Washington, DC and throughout the Washington metropolitan region.
"CAAB is honored to receive this amazing recognition from Bank of America. Receiving the Neighborhood Builders award will enable us to advance CAAB's mission for the benefit of low- and moderate-income Black and Brown families in our region," said Joseph Leitmann-Santa Cruz, CEO and Executive Director of CAAB. "CAAB proudly focuses on intentionally addressing and closing the racial wealth gap in the Washington, D.C. metropolitan region. We appreciate the partnership and support from Bank of America so that CAAB can provide access to education, resources, and tools so that all Black and Brown community members have an opportunity to achieve financial stability and long-term asset building and prosperity."
The announcement of the 2020 Neighborhood Builders continues Bank of America’s unwavering commitment to the District of Columbia and the Greater Washington market, a community where the bank has served for more than 200 years.
Now in its 17th year, Bank of America’s Neighborhood Builders® program is among the nation’s largest philanthropic investments in non-profit leadership development. The program has partnered with 34 Washington-area non-profits since 2004, providing $6,800,000 in grant funding in the communities we serve.
Since the 2004 inception of the Neighborhood Builders program, Bank of America has invested more than $260 million in 50 communities across the country, partnering with more than 1,300 non-profits and helping more than 2,600 non-profit leaders strengthen their leadership skills and broaden their network of contacts.