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Brookings: To expand the economy, invest in Black businesses

Fueling Black business growth is broader than just providing capital. It will require leaders in financial institutions, philanthropy, government, corporations, and investors to align and collaborate towards a clear set of goals that address systemic barriers. From supportive policy to representative leadership, it is critical that we work together to build the economy that reflects America’s promise.

Reality Times: Is a New Down Payment Tax Break in the Works?

it’s clear that more than FHA is needed to increase minority homeownership. So it’s not surprising that the new legislation is supported by a broad spectrum of the housing industry, from the Mortgage Bankers Association to the National Community Reinvestment Coalition.

The Colorado Sun: Black-Owned Businesses Weighed Down by Coronavirus Struggle to Stay Afloat

Researchers affiliated with the National Community Reinvestment Coalition sent “mystery shoppers” to banks in the Washington, D.C., area in April and May. They found that white applicants — white men in particular — were significantly more likely to be encouraged to apply for Paycheck Protection Program loans than Black applicants with slightly better financial profiles.

New York Times: Help Black Small Businesses Recover

When the National Community Reinvestment Coalition sent “mystery shoppers” to banks in the Washington area, they found that Black business owners had a harder time getting Paycheck Protection Program loans than their white counterparts.