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releases: https://cleaver.house.gov/media-center/press-releases/rep-cleaver-applauds-investment-kansas-city-based-community-development

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url title date year month party chamber state member_name bioguide_id domain scraper source date_source text has_text collected_at updated_at
https://cleaver.house.gov/media-center/press-releases/rep-cleaver-applauds-investment-kansas-city-based-community-development Rep. Cleaver Applauds Investment in Kansas City-based Community Development Financial Institutions 2021-12-15 2021 2021-12 Democrat House MO Emanuel Cleaver C001061 cleaver.house.gov cleaver https://cleaver.house.gov/media-center/press-releases scraper (Kansas City, MO) – Yesterday, Vice President Kamala Harris and U.S. Secretary of Treasury Janet Yellen announced the deployment of more than $8.7 billion in investments through the Emergency Capital Investment Program (ECIP), which includes awards to Holy Rosary Credit Union and Central Bancshares of Kansas City, two Kansas City-based Community Development Financial Institutions (CDFI). "Black and Brown communities were hit especially hard by the COVID-19 pandemic, and those communities have faced a considerably more difficult road to recovery since March of 2020," said Congressman Cleaver. "It's critical that the federal government work toward providing much-needed financial opportunity to communities that have historically faced barriers to accessing capital, which will ensure no one is left behind as our economy continues to recover from a global pandemic. I am thankful for the Administration's investment in our local CDFIs, and I will continue pushing to ensure these essential institutions get the investment they need so communities can get the relief they deserve." ECIP makes direct investments in banks, credit unions, and holding companies that are designated as a CDFI or a Minority Depository Institution (MDI). Holy Rosary Credit Union and Central Bancshares of Kansas City will receive funding to increase lending to small businesses and low- and moderate-income consumers in underserved areas of Kansas City. ECIP investments were included in the Consolidated Appropriations Act of 2021, a bill that Congressman Cleaver supported last Congress. More information on the ECIP program and announcement from Vice President Harris and Secretary Yellen are available here. 1 2026-03-30T01:40:41Z 2026-04-06T20:37:48Z
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