Telemundo WZDC – Comerciantes de Wheaton Preocupados

Yesterday, Montgomery County Executive Ike Leggett proposed to support the Wheaton Redevelopment Program and B.F. Saul with more than $40 million of public taxpayer money to realize the Wheaton redevelopment project and defray its costs.

At a budget town hall last night hosted by the County Executive, members of the Coalition for the Fair Redevelopment of Wheaton presented 500 signatures from Montgomery County residents and small businesses calling for a written agreement to protect the livelihoods of small business owners, renters, daylaborers, and patients in Wheaton during and after redevelopment in return for the public subsidy.

To watch a Telemundo clip in Spanish on the Coalition’s presence at the town hall, click here.

 

Germantown Patch – County Offers Free Foreclosure Prevention Help

When German Escobar and his daughter Jahir received a lender’s offer of a trial rate of 2 percent interest on the mortgage for their Germantown home, they were mystified.

Two months earlier, the same lender had told them that the family did not have enough income to qualify for a similar loan, Jahir Escobar said.

Trying to make sense of it all, they turned to Montgomery County for help.

To read the full article, click here.

 

LEDC Finalizes Sale of Community First Financial Center LLC to Adel de Morazán Crédito

FOR IMMEDIATE RELEASE
April 8, 2011

Contact: Manny Hidalgo, Executive Director
Ash Kosiewicz, Communications and Advocacy Director
(202) 422-1707; (202) 425-1303
mhidalgo@ledcmetro.org; akosiewicz@ledcmetro.org

WHEATON, Maryland – On April 1st, the Latino Economic Development Corporation (LEDC) sold 90 percent of the assets of its subsidiary and social enterprise, Community First Financial Center LLC, to a well-respected, community-based organization in El Salvador called ADEL de Morazán Crédito (AMC) that is licensed in the United States as Internacional AMC Corp.

ADEL Morazán has 18 branches throughout the eastern region of El Salvador and provides community-based economic development services very similar to those provided by LEDC in the Washington region. AMC will pick up where Community First left off, continuing to provide the unbanked and under-banked Latino community in the Washington region with responsible, reliable, and transparent financial services that they need to support themselves and their families in the United States. The vast majority of Salvadorans in the Washington region hail from the eastern region of El Salvador, which includes Morazán, San Miguel, and La Union.

Located next door to LEDC’s Wheaton office, AMC and its customers will be able to access LEDC’s comprehensive economic development services to help them achieve their long-term financial goals. LEDC’s mission is to drive the economic and social advancement of low- to moderate-income Latinos and other underserved residents in the Washington metropolitan area by providing the educational and financial resources they need to achieve financial independence and become community leaders.

 

Wheaton Patch – Facing $300 Million Shortfall, Leggett Discusses Budget with Residents

“There will be pain.”

It wasn’t a sequel to the 2007 Academy Award-nominated movie, but County Executive Isiah Leggett’s refrain Tuesday evening at the latest public budget forum, hosted at Crossways Community.

Leggett arrived as Joseph Beach, from the County’s Office of Management and Budget, completed an overview of the projected budget and budget process. The County Executive answered questions and listened to praise and criticism of his policies for a full hour and a half.

To read the full article, click here.