East Bay Activists Unveil This new Strategy to possess a local Social Financial
The financial institution tends to make funds to help with cheaper houses, small enterprises belonging to Black, Local and individuals regarding color, and you can possibly would system financing to have municipalities.
The fresh new Eastern Bay plan try modeled after the societal Lender off North Dakota (Photos courtesy of the lending company of North Dakota)
Every six months, whenever people shell out their local assets income tax costs, Alameda County Treasurer Hank Levy notices a giant increase of money towards the state coffers. Right after paying off of the county’s individual bills and other costs, there is always some cash remaining that will not have to be invested straight away – no matter if it is all ears, methods and other will cost you which come up later.