Would-be investors in US black neighbourhoods say they still face significant financial barriers.
And the data corroborates his real-life experience.
, he says. That amounts to about $156bn in lost equity"simply because of the concentration of black people around it, not because of education, crime, housing quality or demand. It's literally robbing people of the ability to lift themselves up". He says his bank's Entrepreneurs of Colour Fund highlighted that these borrowers would not have been able to get a loan from any bank."Your models would have said these borrowers wouldn't have paid you back. They don't have the collateral."
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