ATLANTA, GA / ACCESS Newswire / June 24, 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
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