The racial wealth gap in America is a persistent issue rooted in centuries of systemic inequities. Despite their mission to drive economic justice, Black-led Community Development Financial Institutions (CDFIs) face significant challenges in accessing capital compared to their White-led counterparts.
Our new research paper, Analyzing the Wealth Gap: Black-led vs. White-led CDFIs and the Role of Federal Programs, by Nucdalie Cherident and Ryan Gremillion, explores these disparities and their impact on the African American community.
In this paper, we:
- Examine historical funding inequities in federal programs like the CDFI Fund, NMTC, and SDL.
- Highlight the disproportionate challenges faced by Black-led CDFIs.
- Offer actionable policy recommendations to promote equity and sustainable development.
We invite you to read and engage with this pivotal report. Your insights and discussions will undoubtedly enrich our collective understanding and drive forward the essential work of advancing equity and inclusion.
