Community reinvestment action council receives $100K grant

The Delaware Community Reinvestment Action Council announced that it has received a $100,000 grant from the Principal Foundation to promote financial empowerment for people of Wilmington.

“For over 25 years, DCRAC has helped hundreds of Delawareans improve their lives through financial literacy and support,” said Rashmi Rangan, DCRAC executive director. “The generous grant from the Principal Foundation comes at a critical time when our community, particularly our low-income and our Black and Brown neighbors, have experienced a drastic and disproportionate impact from the pandemic on their lives and finances. DCRAC will rise to the challenge and empower our Wilmington neighbors towards a path of financial stability and prosperity.”

DCRAC’s financial empowerment initiatives include the Money School, which offers free financial education classes; DCRAC Law, the only low-bono law firm in Delaware offering free or affordable legal services for tax, estate planning, property title fixes and contract or document review; and, Stepping Stones Community Federal Union, which provides affordable and accessible banking.

“We applaud DCRAC's leadership in removing barriers to financial opportunity, helping drive financial health, and supporting entire communities. said Jo Christine Miles, director Principal Foundation.

To learn more, go to dcrac.org.