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SEEKING

Equity

FOR BLACK & LATINOS IN BALTIMORE

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Community Reinvestment Act for Black & Latinos

· ADDRESSING THE RACIAL WEALTH GAP ·

driving impact

CRA Baltimore is a coalition committed to ensuring that Baltimore City and all Black and Latino communities receive their fair share of CRA investments from the top banks in their region. We serve as the watchdog group that holds those banks accountable, while providing community development opportunities and resources to enhance communities of color. 

The Community Reinvestment Act is a federal law designed to require commercial banks to meet the needs of borrowers in low- and moderate-income neighborhoods. CRA Baltimore holds banks accountable, ensuring Black and Latino communities receive their fair share of CRA investments.

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We can provide helpful resources and community documents to provide additional access to capital/funds for your organization or individual homeownership needs. Subscribe to our email list for additional updates.

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CONNECT WITH US

Are you a small business, prospective homeowner, or a community organization looking ways you can have have access to capital and reinvest back into your community?

Click Here to Connect with us now.

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Seeking a $30 Billion Investment from the top banks in Baltimore City

· SMALL BUSINESS ·
· HOME OWNERSHIP ·
· HOUSING DEVELOPMENT ·
· BUILDING CAPACITY ·

providing access

CRA Baltimore
Understanding the Need

Due to years of systemic racial inequities starting at the federal level, Black and Latino groups have been pushed to living in low-income, high-risk neighborhoods in Baltimore and other cities in throughout the nation.

  • In Baltimore, Blacks have a median household income that is 54% of that of Whites. The small Latino community in Baltimore has 70% of the income of Whites.
  • Black and Latino communities have been getting the short end of the financial stick leaving their interests unaddressed and voices unheard.
  • Systems like "redlining" prevented Black families from financing home purchases by outlining Black neighborhoods in red on government maps. Entire neighborhoods were considered poor credit risks and thus were not eligible for federally-insured mortgages. Black families turned to contract sales and other high-cost, risky financing sources (a single missed payment could mean losing a home).
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Join our mailing list for updates on the CRA Baltimore Initiative and more resources for small business and affordable housing.

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© 2021 CRA Baltimore