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Treasury Department invests $9 billion in low-income and minority communities

Janet Yellen

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To help the people who have struggled the most during COVID-19, the US Treasury Department announced a $9 billion investment on Thursday in programs to support low-income and minority communities.

The Treasury Department opened applications for the Emergency Capital Investment Program, which, according to a press release, is designed to help communities traditionally excluded from the financial system gain access to COVID-19 relief. To do so, the Program will invest $9 billion in Community Development Financial Institutions (CDFI) and minority depository institutions (MDI) to support the provision of grants and loans in low-income and details ⇒

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