Florida Minority Community Reinvestment Coalition
FMCRC Launches Community Economic Development program to create jobs in Florida minority communities:
www.assetsandhope.org

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FMCRC launches Racial Wealth Gap
website for minorities



The Racial Wealth Gap
 
Assets & Hope
Building Economic Bridges for Florida's Future

BREAKING NEWS:

FMCRC Chair Al Pina hunger strike against SunTrust Bank prevails. Organizers in San Diego share past successful hunger strike with Florida bank to demonstrate that bully type behavior by Union Bank and other key banks can be overcome.

Click here for Hunger Strike Article 1
Click here for Hunger Strike Article 2


 

FMCRC - SDMCRC launch initiative against Union Bank for their discriminatory practices on access to capital for minority home ownership and small business ownership and expansion. Uses financial intimidation to keep minority led non profits from voicing concerns:

www.ThugsOfUnionBank.org
www.ThugsOfUnionBank.com


Federal Reserve Chair Janet Yellen states rising income inequality harmful to United States. Federal Reserve Study (Income Inequality/Racial Income Inequality):

  • 2010-2013: White Median Net Worth +2% ($142,000) San Diego +4% ($168,200) Florida +3 ($157,330)
  • 2010-2014 Minority Net Worth -17% ($18,100) San Diego -27 (12,300)
    Florida -21 ($16,600)

For link to Federal Reserve Study and Rising Racial Wealth Gap: click here


RECAP: San Diego Minority Organizational Leaders meet with Federal Banking Regulators to discuss lack of access to capital & fast rising racial wealth gap in San Diego. Click here for photos & recap


FMCRC launches "Beds For Tots" program that will provide new bedroom furniture for low income minority children. Click here to see photos


FMCRC donates over 400 toys to Tampa General Hospital to bring joy to hospitalized children. Click here to see photos


Historic Meeting November 3rd, 2014 between Federal Regulators of Banks and key San Diego Minority Leaders on rising poverty and racial wealth gap for minorities in San Diego. Click here for copy of press release


FMCRC works with San Diego minority leaders to launch economic civil rights organization to battle rising poverty and racial wealth gap in San Diego minority communities. Click here for flyer


Federal study shows racial wealth gap grows under minority President.
Click here for recap of report


FMCRC-Assets & Hope Rebuilds 1923 Historic Home in low Income Census Tract (Tampa Heights) and Increases Home Values in Neighborhood by over 25%.
Click here for photos of rebuilding of historic home


Wells Fargo & FMCRC develop major affordable housing program to address declining home values in FL minority communities. Click here for press release


FMCRC Florida delegation goes to Washington D.C. to address Racial Wealth Gap with federal regulators. Click here for some photos


FMCRC comes to agreement with Bank of America & Wells Fargo. Call off fast for Florida. FMCRC CRA Committee to hold annual Minority Community Reinvestment meetings with all key banks in Florida. Click here for details


FMCRC Letter to Governor Crist & Scott Requesting they Rescind FL Anti Diversity Bill 998.

FL Governor Crist Passes Anti Diversity Bill in 2010 (SB 998)

Click here for copy of letter
Click here for copy of SB 998


FMCRC Chair Fast For Florida Against Wells Fargo-Targets Billions of Investment into Black communities.

click here for official letter to Wells Fargo CEO



Rise in Florida Minority Poverty-Racial Wealth Gap:
FMCRC study-data report demonstrates the major rise in minority poverty in Florida, lack of Florida minority children to rise out of poverty, major racial wealth gam in Florida & US and major components to wealth gap and lack of home lending to minorities by top four banks in Florida.

Click here for copy of Rise in Florida Minority Poverty-Florida Racial Wealth Gap Report


Tampa Bay Times Article (Oct 7, 2013): Major Foreclosure Investors-FMCRC Chair States that these Investors are predators that are preying upon minority and low-moderate income families. (click here for copy of article)


San Diego Assets & Hope
FMCRC To Launch San Diego Assets & Hope. Targets low-income communities of Barrio Logan-Logan Heights for Job Creation

Click here for San Diego Job Creation Presentation

FMCRC gives 2013 Hyundai Sonata to the 2013 Florida Minority Nonprofit of the Year- Tampa Center for Affordable Home Ownership

Click here for photo of 2013 Sonata Presentation to winner


Federal Regulators from Federal Reserve Board, OCC, SEC, FHFA and FDIC meet with Florida minority leaders to review both CRA and Diversity Issues at annual conference

Click here for full agenda of Diversity and CRA panel


2013 Let’s Do Business Florida Conference Recap Photos – click here
2013 LDBF Recap Photos, Courtesy of Asia Trend Magazine - click here


FMCRC to unveil historic cluster analysis initiative (Assets & Hope) for Liberty City/Miami. Assets & Hope Initiative will identify key job creation clusters for Liberty City and surrounding inner city that will serve as a model for creating jobs within underserved communities in Florida: click here


FMCRC War on Poverty
A Florida Minority Community Revitalization Initiative:
Miami Gardens-Opa Locka Asset Analysis Study(draft)
(sponsored by: Bank of America, Citibank, Regions Bank)


Jacksonville Asset Analysis Study: click here
(sponsored by: Bank of America, Citi, Wachovia)


Bank to aid underserved areas

FMCRC and SunTrust Bank agree to work together to better serve Florida's minority and underserved communities of Florida.  SunTrust Bank will make a good faith effort to invest $24 billion to Florida's minority and underserved communities over the next five years.  FMCRC congratulates SunTrust Bank on their leadership and Courage!


Amsouth/Regions pledge 15 billion to Florida with FMCRC agreement:

click here to read more


Brandeis University and FMCRC Launch "War on Poverty" in Florida:

click here to read more


FMCRC Assists NJ Community Against Immigrant Bashing: click here to read more

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