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What is the Enterprise Community Loan Fund at the National Urban League (ECLF-NUL)?
 

ECLF-NUL is a co-branded effort by the National Urban League and the Enterprise Community Loan Fund to market short term loans that help community developers serving our nation’s low income areas.  Loans may be used for predevelopment, acquisition, construction/renovation and bridge financing, to preserve multifamily housing, for-sale single family housing and special purpose housing as well as community facility and mixed use development.

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Homeownership may be the single most important asset-building strategy for individuals and families. Homes hold significant value, often appreciate over time, and can be passed down from generation to generation.

So, why is the rate of homeownership for African American and other families of color far behind that of Whites? NUL believes that the sub-prime and predatory lending practices that helped cause the foreclosure crisis are partially to blame.

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The Buffalo Urban League helped us get $3,000 to buy a home!

After Jeffrey and Retha Jones got married, the first thing they wanted was a home they could call their own. After renting apartments for years, buying a house was a milestone they wanted to reach together. Jeffrey and Retha couldn't wait to renovate bedrooms for their two children and paint the walls any color they wanted to.

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Former HUD secretaries: America's elderly desperately need more affordable housing

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Do you want to become an expert on managing your money?

Do you struggle from week to week and wonder how you’ll ever be prepared for retirement?

Are your bills too high and income too low?

Do you have goals like a vacation, buying a home or even investing but don’t know how to get started?


Chances are you could use more tools to help you reach those goals.

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A recent report profiles the financial lives of low and moderate-income grandfamilies to deepen the understanding of their financial situations and help open a discussion about how organizations that offer social or financial services to grandfamily caregivers can help build financial stability and increase mobility for these multi-generational families.
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By Guest Blogger Audrey Washington, CEO – Washington Consulting Group
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Americans commonly — and mistakenly — believe that well-to-do black people no longer face the kind of discrimination that prevents them from living anywhere they can afford.

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Banks are closing branches and relying more heavily on technology to serve customers. Concerns that online and mobile banking don't reach all customers could leave banks open to allegations of discrimination.

The concern among some industry observers is that low- to moderate-income groups, particularly minorities, potentially lack an appropriate level of access to online and mobile banking products. Whether technology is a sufficient substitute for a brick-and-mortar offices is a complicated issue that evokes passionate responses.
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