UEDA Emerging Topics Series

 

Our Fall 2022 sessions will feature credit access programs, business improvement districts and community investment tools.

Join Us for Session 2!  BIDs and NIDs: Overview & Outlook
Thursday, October 20th | 4:30-6:30pm | Good City Brewing, Milwaukee

Held in partnership with the City of Milwaukee Department of City Development Commercial Corridors team, this session will feature a primer on an established tool for community and economic development: BIDs and NIDs (business and neighborhood improvement districts). They continue to evolve to meet the needs of local neighborhoods and supporting commercial corridors. It is an in-person session with networking and learning for all!

Advanced registration is required. Contact kat@uedawi.org if you need assistance.


Session 1: Special Purpose Credit Programs (SPCPs)
Nearly 40 people joined us on September 13th to learn about SPCPs, an established tool that promises to bridge homeownership and wealth gaps across America. Earlier this year, an interagency statement on the SPCP provision clarified how lenders can structure and offer an SPCP and HUD issued guidance addressing compliance with Equal Credit Opportunity Act, Regulation B, and the Fair Housing Act. Together these changes have led to increased interest and investment in SPCPs. Our session featured expertise and discussion from:

  • Brad Blower, General Counsel, National Community Reinvestment Coalition (NCRC)
  • Geoff Cooper, Vice President – Product Development, Mortgage Guaranty Insurance Corporation (MGIC)
  • Gabe del Rio, President & CEO, Homeownership Council of America (HCA)
  • Letticia Flores Poole, Vice President & Co-Head, BMO for Black and Latinx Businesses, BMO Harris Bank
  • Moderator: Carol Maria, Community Affairs Specialist, FDIC

Attendees heard an overview of what SPCPs are, how they are being used, and about the impact of new federal guidelines. Additionally, our speakers talked about the importance for lenders to develop SPCP plans and the newly released online toolkit for mortgage lenders from the National Fair Housing Alliance (NFHA) and Mortgage Bankers Association (MBA). We are excited to work with the UEDA network as we see SPCPs emerge. View the recording and slides here.

Interested in learning more about SPCPs? Check out these links!


Session 3 – more details coming soon!

We are planning to feature either a local effort to launch a Community Investment Trust (a wealth-building tool developed to invest in people and places) or an overview of Federal resources coming into local communities via recent legislation passed by Congress, including the American Rescue Plan Act (2021), Infrastructure & Investment Jobs Act (2021), Inflation Reduction Action (2022).

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