Social Impact News and Analysis

The Biden administration unveiled a plan in early March to invest $9 billion in minority communities. The source of funds for the “Emergency Capital Investment Program of the US Treasury Department is funds that were approved in the $900 billion stimulus package that was passed in December and signed by former President Donald J. Trump.

Community Development Financial Institutions and minority lending institutions, which provide affordable lending options to low-income consumers and businesses, will see infusions of capital as part
Continue Reading United States Treasury to Invest $9 Billion in Minority Communities