Field
Empowerment
Fund
Award Announcements
Photo by Charles Etoroma on UnsplashÂ
Photo by Charles Etoroma on UnsplashÂ
Creating a Just Economy through Racial Equity
Morgan Stanley’s commitment to the economic viability of minority and underserved communities directly supports the purpose of the Community Reinvestment Act. NCRC is proud to administer this $5 million fund for community development organizations advancing racial equity.
![logo](https://ncrc.org/wp-content/uploads/2022/07/Morgan-Stanley-logo@2x.png)
Winners
Housing Counseling
Small Business
![ACT logo](https://ncrc.org/wp-content/uploads/2022/12/ACT@2x.png)
ACT! Albany Community Together Inc.
Albany, GA
![](https://ncrc.org/wp-content/uploads/2023/02/AAA.jpg)
African American Alliance of CDFI CEOs
Orlando, FL
![BBIF logo](https://ncrc.org/wp-content/uploads/2022/12/BBIF-Updated-Logo-Web-copy.png)
Black Business Investment Fund
Orlando, FL
![](https://ncrc.org/wp-content/uploads/2022/12/CRC-logo.png)
California Reinvestment Coalition
San Francisco, CA
![](https://ncrc.org/wp-content/uploads/2022/12/Logo-Header-312-×-100-px.png)
CommonWealth Kitchen
Boston, MA
![logo](https://ncrc.org/wp-content/uploads/2022/12/lawrence-community-works-logo.jpg)
Lawrence CommunityWorks, Inc.
Lawrence, MA
The Food Trust
Philadelphia, PA
![logo](https://ncrc.org/wp-content/uploads/2022/12/Solidarity_Logo_Horiz_4C.png)
Iowa Community Capital
Des Moines, IA
![](https://ncrc.org/wp-content/uploads/2022/12/metro-community-development-logo-final.webp)
Metro Community Development, Inc.
Flint, MI
![Pacific Comm Ventures logo](https://ncrc.org/wp-content/uploads/2022/12/Pacific-Comm-Ven@2x.png)
Pacific Community Ventures
Oakland, CA
![](https://ncrc.org/wp-content/uploads/2023/02/WACIF.jpg)
Washington Area Community Investment Fund (Wacif)
Washington, D.C.
![logo](https://ncrc.org/wp-content/uploads/2022/12/Vermont_Slauson1-logo.png)
Vermont Slauson Economic Development Corporation
Los Angeles, CA
Uptima Entrepreneur Cooperative, Inc.
Uptima Entrepreneur Cooperative, Inc.
Housing Affordability
![logo](https://ncrc.org/wp-content/uploads/2022/12/Avenue-Logo-Horizontal4web-NOtagline-280w39h.png)
Avenue Community Development Corporation
Houston, TX
![](https://ncrc.org/wp-content/uploads/2023/02/CNHED.jpg)
Coalition for Nonprofit Housing and Economic Development (CNHED)
Washington, D.C.
City First Enterprises, Inc.
Washington, DC
![logo](https://ncrc.org/wp-content/uploads/2022/12/CCLF-logo@2x.png)
Chicago Community Loan Fund
Chicago, IL
![logo](https://ncrc.org/wp-content/uploads/2022/12/LMSDI_logo-011-204w.png)
Lower Marshall-Shadeland Development Initiative
Pittsburgh, PA
![](https://ncrc.org/wp-content/uploads/2023/02/Fair-Housing.jpg)
Metropolitan Milwaukee Fair Housing Council
Milwaukee, WI
![](https://ncrc.org/wp-content/uploads/2023/02/logonjcaef.png)
New Jersey Citizen Action Education Fund
Newark, NJ
![logo](https://ncrc.org/wp-content/uploads/2022/12/IMPACCT_Logo_M.jpg)
Pratt Area Community Council, Inc.
Brooklyn, New York, NY
Three Focus Areas
Eligibility Criteria
CDFI Applicants
- Must be a certified CDFI;
- Is a legal entity at the time of application;
- Has a primary mission of promoting community development;
- Is a financing entity;
- Primarily serves one or more target markets;
- Provides development services in conjunction with its financing activities;
- Maintains accountability to its defined target market; and
- Is a non-government entity and not under the control of any government entity (Tribal governments excluded).
- NCRC Member by time of application submission.Â
Funds may be granted to organizations that:
- Serve primarily LMI individuals, families or communities
- Seek funds to support a specific program that primarily benefits LMI individuals, families or communities or small business development
- Propose projects directly addressing racial equity within the African American and/or Hispanic communities
Non CDFI Applicants
- 501 c3
- NCRC Member by time of application submission
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Funds may be granted to organizations that:
- Serve primarily LMI individuals, families or communities
- Seek funds to support a specific program that primarily benefits LMI individuals, families, or communities or small business development
- Propose projects directly addressing racial equity within the African American and/or Hispanic communities
Frequently Asked Questions
NCRC’s Field Empowerment Fund (FEF) supports organizations that are making strides in helping low-wealth communities, with a focus on advancing racial equity through affordable housing, small business and housing counseling.
This the second and final installment of the Field Empowerment Fund powered by Morgan Stanley
An internal NCRC team of interdisciplinary professionals will rank and score applications based upon proposal strength in the following categories:
- Scale
- Implementation
- Impact
- Innovation
An aggregate score will be used to determine Grantees. Scale and innovation will be given consideration in determining award amounts.
Racial equity is a vision of a future where access to economic and wealth-building resources and opportunities is not predicated on race and is free of racial bias. We seek to accomplish and advocate for racial equity work in housing, small business and community reinvestment that centers the most vulnerable, low-wealth communities and people of color while addressing historic and existing structural, institutional and individual contributors to inequity, and by championing bold and data-driven policy, programmatic and systemic solutions to accelerate their community, economic and wealth growth.