MINNEAPOLIS–(Small business WIRE)–Jul 14, 2021–
U.S. Lender and Business Community Companions (Business) now announced the issuance of an revolutionary bond developed for specific and measurable racial fairness success. Issued by Business Neighborhood Personal loan Fund, Enterprise’s Local community Development Financial Establishment (CDFI), the $30 million bond will assist supply loans to Black, Indigenous and persons of shade housing builders less than Enterprise’s Equitable Path Ahead initiative.
This is the initially CDFI-issued racial fairness bond. The designation of this social bond as a racial equity bond offers for focused investments in underserved communities of coloration. CDFIs have rigorous benchmarks about eligibility