Compass Working Capital - Promoting economic security for working, low-income families by providing asset building products and services that help families build wealth and financial knowledge. CDFI Fund - U.S. Treasury. The Community Investment Network. Association for Enterprise Opportunity. Selplong.pdf (application/pdf-Objekt) Technical Assistance Program. The ADA requires the Department of Justice to provide technical assistance to businesses, State and local governments, and individuals with rights or responsibilities under the law. The Department provides education and technical assistance through a variety of means to encourage voluntary compliance.
Activities include providing direct technical assistance and guidance to the public through this ADA Website and the ADA Information Line, developing and disseminating technical assistance materials to the public, and undertaking outreach initiatives. ADA Information Line The Department of Justice operates a toll-free ADA Information Line to provide information and materials to the public about the requirements of the ADA.
ADA Technical Assistance Materials Copies of the Department's ADA regulations, technical assistance publications, and some videos can be obtained on this website, by calling the ADA Information Line, or writing to the address listed below. U.S. ADA Speakers Bureau. Microloan Program. The Microloan program provides loans up to $50,000 to help small businesses and certain not-for-profit childcare centers start up and expand. The average microloan is about $13,000. The U.S. Small Business Administration provides funds to specially designated intermediary lenders, which are nonprofit community-based organizations with experience in lending as well as management and technical assistance.
These intermediaries administer the Microloan program for eligible borrowers. Eligibility Requirements Each intermediary lender has its own lending and credit requirements. Use of Microloan Proceeds Microloans can be used for: Working capital Inventory or supplies Furniture or fixtures Machinery or equipment Proceeds from an SBA microloan cannot be used to pay existing debts or to purchase real estate. Repayment Terms, Interest Rates, and Fees Loan repayment terms vary according to several factors: The maximum repayment term allowed for an SBA microloan is six years. Application Process. Redlining. A HOLC 1936 security map of Philadelphia showing redlining of lower income neighborhoods.[1] Households and businesses in the red zones could not get mortgages or business loans.
Reverse redlining occurs when a lender or insurer targets minority consumers, not to deny them loans or insurance, but rather to charge them more than could be charged to a comparable majority consumer whose business is more sought after.[8][9] History[edit] Although informal discrimination and segregation had always existed in the United States, the specific practice called "redlining" began with the National Housing Act of 1934, which established the Federal Housing Administration (FHA).[10] Racial segregation and discrimination against minorities and minority communities pre-existed this policy. On the maps, the newest areas — those considered desirable for lending purposes — were outlined in blue and known as "Type A".
These were typically affluent suburbs on the outskirts of cities. Urban disinvestment[edit] Community Reinvestment Act. The Community Reinvestment Act (CRA, P.L. 95-128, 91 Stat. 1147, title VIII of the Housing and Community Development Act of 1977, 12 U.S.C. § 2901 et seq.) is a United States federal law designed to encourage commercial banks and savings associations to help meet the needs of borrowers in all segments of their communities, including low- and moderate-income neighborhoods.[1][2][3] Congress passed the Act in 1977 to reduce discriminatory credit practices against low-income neighborhoods, a practice known as redlining.[4][5] Enforcement[edit] The law, however, emphasizes that an institution's CRA activities should be undertaken in a safe and sound manner, and does not require institutions to make high-risk loans that may bring losses to the institution.[3][4] An institution's CRA compliance record is taken into account by the banking regulatory agencies when the institution seeks to expand through merger, acquisition or branching.
Regulations[edit] History[edit] Original act[edit] Home - The German Marshall Fund of the United States.