Cities for Financial Empowerment Fund to scale empowerment centers in underserved communities

Subsidies will create or rehabilitate more than 2,100 housing units

Recommendations include Bank On-certified accounts, greater flexibility around identification and financial education

Grant will help non-profit offset expenses which includes pre-development costs for a single-family housing construction

Three-year commitment also supports minority communities with affordable housing and investment in Black-owned businesses

Moore Impact intends to reinvest to support “Power Champions” working at the intersection of racial inequality and Covid-19

Proceeds to support social projects across global emerging markets

Communities of color and small businesses will have access to loans and investments

One in ten U.S. adults are credit invisible, or have no credit at all

The bank violated the Fair Housing Act during the period 2014 to 2016