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COMMUNITY REINVESTMENT ACT FOR BLACK & LATINOS
CRA BALTIMORE
INITIATIVE
Seeking $30 Billion in CRA Investments in Baltimore over 5 years.
CRA of 1977 calls for financial institutions to meet the credit needs of the customers where they do business. This includes setting aside funds for greater investment for black and Latinos to help build small businesses, provide affordable housing and other resources to provide sustainability.
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NATIONAL INITATIVE
As partners with the National Minority Community Reinvestment Co-Operative (NMCRC), we are committed to addressing the socio-economic need of minority communities through the creation of substantial economic development opportunities that enhance communities of color.
50 Cities in 2 Years
Currently Working in: Baltimore, MD · Detriot, MI · Kansas City, MO · Milwaukee, WI · Jacksonville, FL · Los Angeles, CA · San Diego, CA
SMALL BUSINESS
$15 B
HOME
OWNERSHIP
$4.25 B
HOUSING DEVELOPMENT
$10 B
BUILDING CAPACITY
$75 M
4 PILLARS OF FOCUS
Starting Baltimore, we plan to focus the $30 Billion reinvestment strategy into the following 4 pillars for Black and Latino Communities:
BALTIMORE MARKET BANKS
CRA Baltimore is seeking to define relationships with the city's 11 major banks which have over $85 Billion in deposits.
