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:
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)
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