Many Majority-Black Cities Excluded From Fed's Municipal Liquidity Facility
Apr 15th 2020 2:20pm EDT
Many Majority-Black Cities Excluded From Fed’s Municipal Liquidity Facility The Federal Reserve’s Municipal Liquidity Facility (MLF) will provide $500 billion in loans to states and cities during these challenging economic times. However, there’s a twist, and the program will exclude a majority of cities that have high concentrations of African Americans. According to the Brookings Institution, […]
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