On June 15, the Community Development Financial Institutions Fund (CDFI Fund), an arm of the Treasury Department, issued $3.5 billion in New Markets Tax Credit (NMTC) allocation to 76 entities across the country. No funds were awarded to the nation’s minority banks.
Read More: Black banks shut out of $3.5B in New Markets Tax Credits – St. Louis American: Diversity
Wed Sep 2 , 2015
Quoting Dr. Martin Luther King, Nation of Islam leader Minister Louis Farrakhan demanded that a disaffected Black populace “must redistribute the pain” in the face of systematic and institutionalized racial injustice. Farrakhan was referencing King’s April 3, 1968, speech, “I’ve Been to the Mountaintop.” The 83-year-old statesmen spoke during an […]
