Neighborhoods Program
Announced in October 2021, the $180 million program will invest up to $20 million into each of nine select neighborhoods within the Bank’s footprint that have suffered from disinvestment, wealth extraction and income disparities due to racial inequalities. The three-year program will deliver comprehensive support to the neighborhoods to revitalize and boost the economic mobility of Black residents. Across each of the nine neighborhoods, the program seeks to:
- Create more equitable, connected systems.
- Improve upward mobility among Black residents.
- Build an inclusive civic infrastructure.
- Promote prosperous, small Black-owned businesses.
- Develop healthy, built environments.