Purpose: |
THE PURPOSE OF THE CORPORATION INCLUDES BUT IS NOT LIMITED TO ADVANCING COMMUNITY REVITALIZATION, DEVELOPMENT, AND EMPLOYMENT OPPORTUNITIES IN LOW- INCOME COMMUNITIES AND ELIMINATING PREJUDICE AND DISCRIMINATION BY, AMONG OTHER MEANS, FOSTERING THE GROWTH OF SMALL BUSINESSES, INCLUDING THOSE OWNED OR OPERATED BY WOMEN AND MINORITIES, PARTICULARLY BLACKS AND LATINX; MITIGATING GROWING WEALTH AND INCOME INEQUALITY, AND REMOVING STRUCTURAL BARRIERS TO RACIAL ECONOMIC EQUITY, THROUGH THE FOLLOWING ACTIVITIES, AMONG OTHERS: ASSISTING, INCLUDING PROVIDING LOANS TO, LOW- AND MODERATE-INCOME PERSONS AND FAMILIES AND COMMUNITY ORGANIZATIONS TO DEVELOP, ACQUIRE, IMPROVE, OPERATE, RENOVATE, AND/OR REFURBISH HOUSING. ENCOURAGING AND SUPPORTING THE STARTUP AND EXPANSION OF SMALL BUSINESSES, INCLUDING BUT NOT LIMITED TO PROVIDING EXTENSIVE TECHNICAL ASSISTANCE SUCH AS EDUCATIONAL PROGRAMS, TRAINING, STRATEGIC ADVICE AND MENTORING, OPERATIONAL SUPPORT IN AREAS SUCH AS MARKETING, WEBSITE DEVELOPMENT, AND TECHNOLOGY, NETWORKING OPPORTUNITIES TO FOSTER ACCESS TO CAPITAL AND MARKETS; AND PROMOTING SUPPLIER DIVERSITY. INVESTING IN AND LENDING TO SMALL BUSINESSES IN LOW-INCOME COMMUNITIES AND OWNED OR OPERATED BY WOMEN AND MINORITIES, WITH A FOCUS ON BUT NOT LIMITED TO BUSINESSES OWNED OR OPERATED BY BLACKS AND LATINX. |