Our members play a pivotal role in revitalizing neighborhoods and promoting financial security by increasing access to affordable housing and homeownership in Black communities. AAA collaborates with federal partners, such as the United States Department of Housing and Urban Development (HUD), in furtherance of these efforts.
We advocate for increased investment in women-owned and Black-led businesses through the expansion of Small Business Administration (SBA) programs, such as the Community Advantage (CA) pilot program.
Solving the African American wealth gap and its adverse impact on economic growth in Black communities is a key priority. We believe that strengthening the Community Reinvestment Act (CRA) is a necessary step in reversing the capital gap that has plagued Black communities for generations.
We support an increase in CDFI Fund appropriations, not less than $1 billion annually, as well as targeted CDFI funding to African American-led CDFIs that is sufficient to match the capital required to alleviate persistent poverty in the communities the Fund is designed to benefit.
The Alliance seeks to engage in data-driven advocacy and public policy activities to strengthen African American-led CDFIs and positively impact the economic prosperity of Black communities across the United States.