Wednesday, December 9, 2020

8:55 AM – 9:00 AM EST
Masters of Ceremony Welcome Guests to Summit

Welcome Remarks:
Dina Harris, Founder & CEO, National Faith Homebuyers
Marcos Morales, Executive Director, Hogar Hispano

2020 National Virtual Black & Latino Economic Summit Master/Mistress of Ceremony Hosts Marcos Morales and Dina Harris welcome the audience and give an introduction into the National Minority Community Reinvestment Co-Operative (NMCRC) and why it launched the Black & Latino Economic Summit and the importance of Black & Latino communities working together economically.

9:00 AM – 9:20 AM, EST
Inspiring and Building Better Lives and Communities

Presented By:

Truist Bank

Speaker:
Kelly S. King, Chairman & CEO, Truist Bank

Moderated By:
Antoine Thompson, National Executive Director, NAREB

Truist Chairman and CEO Kelly S. King addresses the current context and challenges our country faces, how Truist is working to address those issues, and how we can come together and overcome these obstacles and respond in a positive way.

9:30 AM – 10:45 AM, EST
Worthy of Investment: The Importance of Black & Latino Coalition Building in regard to Economic Development.

Speaker:
Dr. Andre M. Perry, Author, Teacher, Brookings Institution Fellow

Moderated By:
Glorious Johnson, Chairwoman, National Congress of Black Women (Jacksonville)
Horacio “Fred” Mendez, President & CEO, Woodstock Institute

Black and Brown communities are not monolithic racial groups, and they certainly fit along a wide political spectrum in terms of party affiliation and philosophy. Representing more than a quarter of the population, Black people and Latinos have specific political wants and needs that match our diversity. Nevertheless, Black and Brown people and neighborhoods both have physical and non-physical assets – businesses, homes, leadership, etc. – that are worthy of investment, but because of racism, those possessions are not getting the resources they need. Consequently, we share a common fate. This session will highlight our shared struggle and offer solutions that add value to people and places to counter the wealth extraction caused by racism.

10:45 AM – 12:00 PM, EST (Dual Sessions)
Session One:
Closing the Racial Wealth Gap and the Impact on Black & Latino Communities

Speakers:

Chuck Collins, Director, Program on Inequality and the Common Good at the Institute for Policy Studies
Omar Ocampo, Researcher, Program on Inequality and the Common Good at the Institute for Policy Studies

Moderated By:
Kelvin Perry, President, The Black Chamber of Commerce of Greater Kansas City

Chuck Collins & Omar Ocampo provide data on the Racial Wealth Gap and its impact on inequality in the U.S. They will provide 8 policy solutions to help close the gap.

Session Two:
Support & Advocacy for Latino Communities in the Wake of COVID-19 & Beyond

Presented By:
NALCAB (National Association for Latino Community Asset Builders)

Guest Speakers:
Levar Martin, Chief Officer, NALCAB
Holly Frindell, Director of Programs, NALCAB

Moderated By: 
Joe Serrano, C.E.O., TentMakers, INC

NALCAB’s work to mobilize emergency COVID-19 funding to support Latino and minority-owned businesses through our national network of member organizations. Support included  emergency relief grants; capital to support PPP lenders in our network and a new low-cost loan  guarantee product to entice lenders in our network to make risker loans during the pandemic.

A brief overview of NALCAB’s recently released Latino Economic Agenda and our top policy priorities from a Latino perspective.

12:00 PM – 1:00 PM, EST
Virtual Luncheon

Speaker:

Brian Lamb, Global Head of Diversity & Inclusion, JP Morgan Chase & Co

Moderated By:
Reginald Clyne, Civil Rights Attorney & Partner, Quintairos Prieto Wood & Boyer

JPMorgan Chase announced new long-term commitments to advance racial equity. The firm will harness its expertise in business, policy and philanthropy and commit an additional $30 billion over the next five years to provide economic opportunity to underserved communities, especially the Black and Latinx communities. Mr. Brian Lamb will discuss how these commitments will promote and expand affordable housing and homeownership for underserved communities, grow Black and Latinx-owned businesses, improve financial health and access to banking in Black and Latinx communities, and accelerate investment in our employees and build a more diverse and inclusive workforce.

1:00 PM – 1:05 PM, EST
Community and Country Awards

Moderated By:
Marcos Morales, Executive Director, Hogar Hispano
Dina Harris, Founder & CEO, National Faith Homebuyers
Anna Alvarez Boyd, Senior Associate Director, Federal Reserve Board

1:05 PM – 1:30 PM, EST
Increasing Home Ownership

Presented By:
National Association of Real Estate Brokers (NAREB)

Speaker:
Antoine Thompson, National Executive Director, NAREB

Antoine Thompson provides a short presentation on the lack of Black Home Ownership in the United States and solutions to increase home ownership.

1:30 PM – 2:30 PM, EST
Federal Reserve Board Opens Up Access to Capital For Black & Latino Businesses & Nonprofits-Small Business-Affordable Housing

Presented By:
Federal Reserve Board

Speaker:
Mr. Dell Gines, Senior Community Development Advisor, Federal Reserve Bank of Kansas City

Moderated By:
Kelvin  Perry, President, Black Chamber of Commerce of Greater Kansas City

From the current $600 Billion Main Street Program to several other access to capital programs, The Federal Reserve Board and Federal Reserve Banks present several options to flexible access to capital for Black & Latino small businesses and nonprofits.   Learn how your business and nonprofit can gain various forms of capital that can build/rebuild your business and nonprofit.

2:30 PM- 2:45 PM, EST
Project Reach: Building Up Black and Latino Economic Inclusion  

Presented By:
Office of the Comptroller (OCC)

Speaker:
Andrew Moss, Director of Community Outreach & Project Reach

Project REACh promotes financial inclusion through greater access to credit and capital. REACh stands for Roundtable for Economic Access and Change, and the project brings together leaders from the banking industry, national civil rights organizations, business, and technology to reduce specific barriers that prevent full, equal, and fair participation in the nation’s economy.  Andrew Moss will provide an overview on how this will economically impact the Black & Latino communities.

2:45 PM – 4:00 PM, EST
Access to Capital for Black & Latino Businesses
Impact and Implementation of Section 1071 of Dodd Frank Act

Speaker:
Paulina Gonzalez-Brito, Executive Director, California Reinvestment Coalition

Moderated By:
Jay Rosario CEO, Motor Trend Certified Vehicles of Orlando

Section 1071 of the Dodd Frank Act of 2010 mandated that all banks must provide actual small business loan data by race and zip code annually to the Consumer Financial Protection Bureau.  Section 1071 was an historic legislative act that mandates that banks provide transparency on racial economic equality through actual loans to Black & Latino small business.  This racial loan data will provide actual facts on which banks are or not providing actual loans to minority and women owned small businesses.  This data will allow Black & Latino communities in each city to determine if banks are providing access to capital that mirrors their respective percentage of those cities’ population.  In short, if a bank is redlining Black & Latino small businesses that are critical to job creation for blacks and Latinos.

But over 10 years later, Section 1071 was still not implemented by the Consumer Financial Protection Bureau (CFPB) due to pressure from banks across the United States.  However,  the California Reinvestment Coalition and NALCAB (National Association for Latino Community Asset Builders) filed a federal lawsuit in California to force CFPB to implement section 1071, and were victorious.  So, in 2021, ALL BANKS must now report by race, all small business loans to CFPB and the CFPB must publish this data.  In this session, Ms. Paulina Gonzalez-Brito, Executive Director of CRC will outline the components of Section 1071, and how Black & Latino communities in every city in the United States can access this minority small business loan data (by bank) and publish this data locally so our communities can determine which banks are lending and NOT lending to Black & Latino small businesses.

4:00 PM – 5:15 PM, EST
Modernization of the Community Reinvestment Act of 1975
Maximizing the Economic Impact on Black & Latino Communities, Small Businesses, and Families


Speakers:

Marcos Morales, Executive Director, Hogar Hispano
Dina Harris, Founder & CEO, National Faith Homebuyers
Wesley Alexander, CEO, CoBiz Richmond
Watchen Bruce, President & CEO, Baltimore Community Lending
Adam Briones, Director, Economic Equity at The Greenlining Institute

Moderated By:
Orson Aguilar, Principal of Policy and Advocacy, UnidosUS
Carrie Johnson, Federal Reserve Board of Governors Consumer & Community Affairs Manager, Community Reinvestment Act Policy Team

The Community Reinvestment Act (CRA) of 1975 is now being modernized by the Federal Reserve Board. Panelists in this session will discuss what new rules are needed to ensure that Black & Latino communities are being provided access to capital and investments by financial institutions. The audience will be able to engage the panelists in a lively Q&A session. This session will be recorded and will be sent to the Federal Reserve Board to be counted as “comments” toward the new CRA rules being determined over the next 3 months.

5:30 PM to 6:30 PM, EST
How to Leverage CRA and Make Equitable Working Capital available to Minority Small Business, Homebuyers and Affordable for Sale Housing Providers in California.

Speakers:
Robert J. Apodaca, Co-Founder, Casita Coalition, California Community Builders, & The Two Hundred
Enrique Velez, President, Brino Builders
Jim Etherington, CEO & Founder, Veterans Affordable Home Ownership Program (VAHOP)
Wesley Alexander, CEO, CoBiz Richmond
Nikki Beasley, Executive Director of Richmond Neighborhood Housing Services, Inc.
Denise Pinkston, Board Chair of MVGOV

Moderated by:
Joe Serrano, CEO and Executive Director of TentMakers Inc

Institutionalized racial prejudice that was and is still prevalent in making capital investments in “redlined” areas of communities of color have created visual distortions in the harmony of wealth distribution nationwide. This distortion is the poverty that comes not only from the lack of education, job training and employable skill sets of its workforce, but also the lack of investment in these communities, has further weakened it. Communities of color congregate in certain geographic areas in the North Bay Area where the City of Richmond is located.

Based on the 2019 Census, Richmond has a high percentage of minority populations with high inclusionary households of more than two races. Approximately 52% of the population in Richmond own their own homes compared to outlining areas like Walnut Creek and Orinda that realize in the 90% and higher home ownership rates.

Focus is on Richmond because of the relevance of the panel’s background and experience but, the content of our topic is also relevant as a model for other similar demographic locations throughout the State.

The purpose is to work with the City’s regional banking partners and local municipal jurisdictions to leverage CRA with HCD housing production goals and housing production and finance strategies. The only difference is that the names have changed.

By combining mutual synergy and focus on the production opportunities that these poverty pockets provide, public – private partnerships can be made that satisfy the conditions of CRA and HCD respectively.

Lastly, the mechanism that makes it all work are the minority small business, home buyer and affordable housing providers.
These minority enterprises are an emerging opportunity resulting from the strong work ethic of minority workers, only lacking in a higher wealth building position, to gain wealth.

This is where the economy in areas like Richmond CA will begin to revision, reshape and rebuild.

Thursday, December 10, 2020

8:55 AM – 9:00 AM EST
Masters of Ceremony Welcome Guests to Summit

Welcome Remarks:
Dina Harris, Founder & CEO, National Faith Homebuyers
Marcos Morales, Executive Director, Hogar Hispano

2020 National Virtual Black & Latino Economic Summit Master/Mistress of Ceremony Hosts Marcos Morales and Dina Harris welcome the audience and give an introduction into the National Minority Community Reinvestment Co-Operative (NMCRC) and why it launched the Black & Latino Economic Summit and the importance of Black & Latino communities working together economically.

9:00 AM – 9:30 AM, EST
Doing More: Regions Bank’s Commitment to Equity and Empowerment

Presented by:
Regions Bank

Speaker:
John M. Turner, CEO Regions Bank

Moderated by:
Leroy Abrahams- EVP Head of Community Affairs, President of the Regions Foundation

Leroy Abrahams interviews Regions Bank CEO, John Turner, on the commitment of Regions Financial Corporation (Regions Bank) towards Black & Latino communities, small businesses and families. This discussion will outline economic programs and initiatives that Black & Latino can engage Regions Bank.

9:30 AM-10:30 AM, EST
Truist Bank Commitment to the Community: Fulfilling our Purpose through increased capital for small businesses and homeownership resources.

Presented By:
Truist Bank

Speakers:
John Knott, Head of Corporate Strategy, Truist Bank
Lauren Butler, Community Development Fund Relationship Manager and Head of Corporate Strategy, Truist Bank
Anthony Weekly, Head of Mortgage Strategic Growth, Truist Bank

Moderated by:
Andre Purnell, CEO-Triax Development (Harrisburg PA)

Truist head of Corporate Strategy John. B. Knott, speaks on an innovative national non-profit fund that will enable CDFI’s to increase lending to racially and ethnically diverse small business owners.

Truist head of mortgage Senior Vice President, Anthony L. Weekly, speaks on how Truist Affordable Mortgage Products and Programs provide opportunities to help meet the diverse needs of today’s clients.

Truist, Community Capital, Relationship Manager Lauren Butler speaks on Truist Community Development Fund, which allows Truist to provide flexible and innovative capital to mission-driven CDFIs and non-profits.

10:30 AM – 12:00 PM, EST (DUAL SESSIONS)
Session One
The Facts about Black & Brown Communities and Why Current Funding Models Cannot End Systemic Racism

Presented By:
The Woodstock Institute

Speakers:
Horacio “Fred” Mendez, President & CEO, Woodstock Institute
Michelle Morales, President, Woods Fund Chicago
Mambu Sherman, Global Philanthropy, JP Morgan Chase & Co.
Lenny Mendonca, Former Economic Advisor to CA Gov. Newsom, McKinsey / McKinsey Global Institute, Bay Area Council Economic Institute, Public Policy Institute of CA.

Moderated by:

Scott Syphax, Syphax Strategic Solutions, Executive Producer and Host of PBS’s “Studio Sacramento”

Decades of well-intentioned programs, policies and investments have not moved the needle on the struggles of Black and Brown communities. The time for creative destruction has come, but what to do, where to focus, and how to fund it? That’s where research and experimentation is critical. But the intersection of research, policy change and advocacy pose a challenge to the existing funding infrastructure. This session is a call to action for financial institutions, foundations and research institutes to build a new model that informs systems and policy change, embraces trial and error, and eliminates artificial time constraints on solving society’s greatest challenge … racial equity.

Session Two
PNC’s $1 Billion commitment to help end systemic racism and creative lending and investing solutions that support Community Development

Presented by:
PNC Bank

Speaker:
Kevin Rogers, SrVP Community Development Lending & Investment Manager, PNC Bank

Moderated by:
Enrique Velez, President, Brino Builders, Inc.

PNC’s Opportunity Fund And Community Development Banking’s Lending And Investing Solutions. Please Join Kevin Rogers, PNC’s Community Development Lending And Investing Manager, As He Walks Through How This Creative Capital Tool Benefits Community Projects and other PNC Lending and Investing Solutions.

Speaker:
Richard Bynum, Chief Corporate Responsibility Officer, PNC Bank

PNC Commits More Than $1 Billion To Help End Systemic Racism And Support Economic Empowerment Of African Americans And Low- And Moderate-Income Communities. Please join Richard Bynum, PNC’s Chief Corporate Responsibility Officer, as he shares his thoughts and vision on PNC’s commitment.

12:00 PM – 1:15 PM, EST
Virtual Luncheon: Blueprints to Buildings

Presented By:
Capital One Bank

Speakers:
Mariadele Priest, Senior Director for Community Impact and Investment at Capital One Bank
Takao Suzuki, Director of Community Development for the Little Tokyo Service Center Community Development Corporation (LTSC CDC)

Capital One’s Blueprints to Buildings program was launched in 2015 in response to the pressing need for affordable rental housing in several high cost markets. The program recognizes the important role non-profit developers play in the affordable housing ecosystem. They are committed to community ownership and permanent affordability and can connect residents to an array of community services. The lengthy lead time required to bring an affordable development from concept to construction poses challenges to non­-profit developers to fund the pre-­development process. Capital One’s Blueprints to Buildings Fund supports the affordable rental housing pre-development and project planning efforts of non-profit organizations through grant support and the opportunity to apply for low cost, pre-development lines of credit.

1:15 PM – 2:30 PM, EST (Dual Sessions)

Session One
Building a Dialogue for Improved Capital Opportunities

Presented by:
Regions Bank

Speakers:
Isabel Rubio- Executive Director of the Hispanic Interest Coalition of Alabama
Marcos Morales- Executive Director of Hogar Hispano
Rev. Watson L. Haynes II, President & CEO of the Pinellas County Urban League

Moderated by:
Doug Jackson-Executive VP-Chief Compliance Offices, Regions Bank

Our panel will consist of 3 nonprofit organizations that we partner with and we will discuss access to capital. We want to hear about their experience, the importance of understanding what is needed from a financial institution, building a relationship with a banker and how financial institutions can be more impactful.

Session Two
Accelerating Community Impact During COVID-19

Presented by:
Wells Fargo Bank

Speakers:
Monica Mitchell, Vice President of Social Impact and Sustainability, Wells Fargo & Company
Hugh Rowden, Senior Vice President, Engagement Initiatives & Mortgage Outreach, Community Relations, Wells Fargo & Company
Tim Rios, Senior Vice President Community, Relations Senior Manager Wells Fargo & Company
Vincent Toye, Executive VP and Group Head Community Lending & Investment,  Wells Fargo & Company

Moderated by:
Kathy Christian, City of Baltimore & Midway CDC

The global pandemic is widening racial disparities across homeownership, small business and many other facets of community life. But it is also a wake-up call that is motivating action. Wells Fargo panelists will discuss the company’s strategy of accelerating financial capital and expertise during COVID-19, new forms of investment and why collaboration with customers and community organizations is a faster path to economic recovery. Experts will share lessons learned from the pandemic and how they identified ways to scale impact in diverse communities across housing, small business and community development.

2:30 PM -3:45 PM, EST (DUAL SESSIONS)

Session One
Creating A “Master Community Development Plan” for Black & Latino Neighborhoods-Targeting Increased Jobs & Affordable Housing

Presented by:
Upton Planning Committee

Speakers:
Wanda Gibson Best, MPA, LDN Executive Director Upton Planning Committee, Inc
Jules D. Howie, Director of the UPC Westside CDC

Moderated by:
Mr. Al Gourrier, Professor, University of Baltimore School of Business

Master Community Development Plans are a critical blueprint necessary to attract and increased capital investment into low income Black & Latino communities and neighborhoods. The Upton Planning Committee “Master Community Development Plan” for Upton Neighborhood in Baltimore is considered a “best practice” master plan. Leaders of the Upton Planning Committee will review the process in the development of their community master development plan and review the actual final Upton Master Community Development Plan that will enable other communities to replicate.

Session Two
Narrowing the Homeownership Gap

Presented by:
Fifth Third Bank

Speakers:

Susan M. Ifill, Executive Vice President and Chief Operating Officer, NeighborWorks America
Jill Frondorf, Vice President, Director, Mortgage Sales Effectiveness and Community Reinvestment Act, Fifth Third Bank
Eva Brown, Vice President, Corporate Community Economic Development Lending and Investment Program Manager, Fifth Third Bank

Moderated by:
Stefanie Steward-Young, Senior Vice President, Chief Corporate Social Responsibility Officer, Fifth Third Bank

Fifth Third Bank’s approach to affordable housing development – LIHTC and Lending, how we partner with organizations to support affordable housing.