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A $7 billion investment in Community Development Financial Institutions (CDFIs) and Minority Depository Institutions (MDIs), to build long-term ability for these institutions to lend in underserved communities and expand flexibility for borrowers during the coronavirus pandemic.
A Neighborhood Loan Program to support small business lending to businesses serving low- and moderate-income and minority communities.
A $2.9 billion fund reserved for economic recovery from the coronavirus pandemic, to promote community revitalization and development.
Additional programs to strengthen MDIs and CDFIs, aimed at strengthening the relationship between these institutions and federal agencies like the U.S. Treasury. Want to know more about this bill? Click the link below.https://augustafreepress.com/senators-introduce-legislation-to-help-low-income-minority-communities-during-crisis/ …
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