Elevating Lives Through Workforce Development and Affordable Housing: New American Business Association Inc.
New American Business Association Inc. (NABA), a 501(c)(3) nonprofit organization founded by Di Tran, is on a mission to accelerate the elevation of human lives. Through workforce development and affordable housing initiatives, NABA transforms aspirations into tangible outcomes—connecting people to meaningful employment and ensuring access to quality homes.
At the heart of NABA’s mission is the belief that stability begins with opportunity. By addressing barriers to employment and housing, NABA empowers individuals to achieve independence, security, and a brighter future.
Workforce Development: Bridging the Gap to Employment
NABA doesn’t just prepare individuals for jobs—it literally takes them to employment opportunities. By collaborating with businesses, training programs, and community leaders, NABA ensures that job seekers gain the skills and confidence needed to succeed in today’s workforce.
Key components of NABA’s workforce development program include:
- Skills Training: Tailored programs that align with market demands, ensuring candidates are job-ready.
- Job Placement Services: Direct connections to employers who value diversity and are committed to providing opportunities.
- Support Networks: Ongoing mentorship and resources to help individuals navigate their career paths.
Through these initiatives, NABA transforms workforce challenges into opportunities, elevating individuals and supporting businesses in need of talent.
Affordable Housing: Stability Through Accessibility
NABA recognizes that housing is fundamental to workforce stability. Affordable housing ensures that individuals and families can focus on career growth without the burden of unaffordable rent. By aligning housing initiatives with Area Median Income (AMI) standards, NABA bridges the gap for low- and moderate-income households.
What is Affordable Housing?
Affordable housing is defined by law as housing that costs no more than 30% of a household’s gross income, including utilities. NABA works to ensure that homes remain accessible and equitable through partnerships and subsidies.
What is AMI (Area Median Income)?
AMI is a metric used by the U.S. Department of Housing and Urban Development (HUD) to determine eligibility for housing programs. Households are categorized based on their income as a percentage of AMI:
- 30% AMI: Extremely low-income households.
- 50% AMI: Low-income households.
- 80% AMI: Moderate-income households.
For example, in Louisville, KY, the AMI for a family of four is $67,500 (2024). Subsidies, like Section 8 Housing Choice Vouchers, help families cover up to 70% of rent costs, ensuring affordability without compromising quality.
Creating a Path to Stability
| AMI Level | Annual Income Limit (Family of 4) | Monthly Rent (including utilities) | Tenant Pays (with Section 8) | Section 8 Pays (estimated 70%) |
|---|---|---|---|---|
| 30% AMI | $20,250 | $506.25 | $152 | $354 |
| 50% AMI | $33,750 | $843.75 | $253 | $590 |
| 80% AMI | $54,000 | $1,350 | $405 | $945 |
Through collaboration with government agencies and nonprofits, NABA ensures access to these subsidies, alleviating financial stress and creating a foundation for workforce and personal success.
Empowering Communities Beyond Housing
NABA’s approach extends beyond housing and employment. It’s about creating ecosystems where individuals thrive. Key programs include:
- Financial Literacy Education: Helping individuals build strong financial habits for long-term success.
- Workforce Coaching: Guiding individuals through career planning and advancement.
- Community Building Initiatives: Encouraging connections among residents to foster unity and mutual support.
The NABA Mission: Collective Progress
At New American Business Association Inc., we believe that everyone deserves the dignity of stable housing and the pride of meaningful employment. Our initiatives reflect this belief, offering individuals a hand up—not a handout—on their journey toward independence and success.
By connecting people to jobs and homes, NABA creates opportunities that ripple through families, neighborhoods, and the broader community. This is more than a mission; it’s a movement to ensure that when one person rises, we all rise together.
Join Us in Elevating Lives
Whether you’re an employer seeking talent, a community leader looking to partner, or an individual in need of support, NABA is here for you. Together, we can bridge the gaps in workforce development and affordable housing, creating a brighter future for all.
Learn more or get involved: [Insert Website/Contact Information]
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