ATLANTA, GA / ACCESS Newswire / June 25, 2025 / Help for African Americans (HFAA), a leading nonprofit dedicated to equity and opportunity, today announced a sweeping suite of financial resources designed to address systemic economic disparities. Following a strategic expansion, HFAA now offers six key financial assistance programs-from emergency grants to entrepreneurship funding-exclusively supporting African American individuals and families nationwide.
Core Financial Offerings
Emergency Financial Assistance:
HFAA provides immediate relief through $500-$2,000 grants for urgent needs like rent, utilities, or medical expenses. Applications are reviewed biweekly, with priority for seniors and single-parent households.
Black Business Grants:
Up to $10,000 in funding for Black-owned startups and small businesses, paired with mentorship from industry leaders. Eligibility requires a U.S. business license and a 500-word proposal.
Homeownership Support:
Down payment assistance grants (up to $5,000) and credit counseling services to combat discriminatory lending practices. Partners include HUD-certified advisors.
Debt Relief Programs:
Customized debt management plans, negotiating with creditors to reduce interest rates or waive fees. Focus areas include medical, credit card, and student loan debt.
Scholarships & Education Grants:
Financial aid for vocational training, college degrees, and certifications (applications open quarterly; awards cap at $7,500).
Financial Literacy Workshops:
Free virtual courses on budgeting, investing, and credit building. Monthly webinars feature certified financial planners.
Why It Matters
Systemic barriers have left 27% of Black families with zero or negative wealth-triple the rate of white households (Federal Reserve, 2024). HFAA's data-driven approach targets these gaps: 89% of 2024 grant recipients avoided eviction or foreclosure, while 72% of business grantees increased revenue within six months.
"Our programs aren't charity-they're reparative justice," said CEO Dr. Keisha Reynolds. "When we equip our community with capital and knowledge, we ignite generational change."
Partnerships & Impact
HFAA collaborates with institutions like the National Urban League and Wells Fargo to amplify reach. Recent milestones include:
Distributed $1.2M in emergency aid since January 2025.
Funded 45+ Black-owned businesses in Q1 2025.
Hosted financial literacy workshops for 3,000+ participants.
Call to Action
Eligible individuals may apply via HFAA's website. Businesses seeking grants must submit proposals by July 30, 2025. Media inquiries welcome.
About Help for African Americans
HFAA is a 501(c)(3) organization founded in 2018 to dismantle economic inequities through direct aid, advocacy, and education. All services are free and confidential.
Learn more at helpforafricanamericans.org.
Media Contact:
Help for African Americans
Mohammad Arshad, CEO
media@helpforafricanamericans.org
Company Website:
helpforafricanamericans.org
SOURCE: Help for African Americans
View the original press release on ACCESS Newswire:
https://www.accessnewswire.com/newsroom/en/business-and-professional-services/helpforafricanamericans.org-launches-comprehensive-financial-emp-1042916
