A CRA Coalition Suggestion for COMMUNITY Organizations - New Orleans
United Affirmative Action Development Corp (UAAD), a 501c3 non-profit, and United Equity Development Corp (UEDC), a for profit, propose a coalition of Community and Civil Rights organizations to develop methods to raise funds utilizing the COMMUNITY RE-INVESTMENT Act of 1977,( CRA).
CRA, a part of the civil rights legislation of 1977 was created due to predatory lending, red-lining and discrimination on the part of our nation’s banks.
http://www.chaseuedcaffinity.blogspot.com
Banking On Equal Opportunity
By Hugh B. Price
President
National Urban League
Most people who live outside of Washington D.C. have probably never heard of the Community Reinvestment Act. Yet, though unsung, the CRA is one of the most important pieces of civil rights legislation Congress has ever passed. http://www.bankwhileblack.blogspot.com
UAAD / UEDC propose to assist in organizing Community Organizations to specifically address CRA issues in the Gulf Coast pertaining, in particular, to those banks serving New Orleans and the Katrina Victims. Our efforts will be to seek funds that have been allocated to low-moderate income individuals because of the banks’ discrimination, past and present, red-lining in the African American and minority communities. These funds exceed in excess of $100 Billion Dollars that banks have in their CRA commitments as of September 11, 2006.
As the CEO of UAAD / UEDC and founder of these organizations, I ask each of your organizations with missions such as ours to join in a collaborative effort to assist African Americans in particular to reach “economic parity”. see: http://www.uaadcorp.com
We contemplate adding and deleting from this suggested list, depending on response from the above list organizations. We would like a reply as to your interest in joining this coalition, and would appreciate a reply within 5 days.
UAAD will meet, with Whitney Bank’s CRA Community Affairs Officer, Ms. Sanada Henderson on Tuesday September 13, 2006 at 2PM located 610 Poydras St., New Orleans. A meeting also is arranged to meet with AM/South Bank’s CRA representative, Mr. Kevin Williams Friday September 15th., time and place to be announced. These meetings are being arranged in order to seek these banks CRA activity reports for the past two years, in order that our coalition can assist these banks in improving their CRA activities.
UAAD is asking, the various organizations that intend to participate, to contact UAAD before arranging CRA meetings with bank officials. UAAD is arranging a relationship with SCLC National’s director, Dr. Steele, and Rev. Norwood Thompson to help lead our efforts in the City of New Orleans. UAAD is seeking the leadership of SCLC National and Mahammad Mosque #46 to coordinated UAAD’s efforts on the West Bank and other areas throughout the State of Louisiana.
It is the intent of UAAD to post all relevant information pertaining to its and the affiliate coalition partners information on UAAD /UEDC’s, blogs, web-sites, www.moveon.com, news media in order to publicize our efforts and goals.
I pray and ask that each of you join and assist to make this a combined effort to negotiate, and implement a $100 Billion CRA arrangement that will allow African Americans and many others to reach “ECONOMIC PARITY”, long past due.
United Affirmative Action Development Corp (UAAD), a 501c3 non-profit, and United Equity Development Corp (UEDC), a for profit, propose a coalition of Community and Civil Rights organizations to develop methods to raise funds utilizing the COMMUNITY RE-INVESTMENT Act of 1977,( CRA).
CRA, a part of the civil rights legislation of 1977 was created due to predatory lending, red-lining and discrimination on the part of our nation’s banks.
http://www.chaseuedcaffinity.blogspot.com
Banking On Equal Opportunity
By Hugh B. Price
President
National Urban League
Most people who live outside of Washington D.C. have probably never heard of the Community Reinvestment Act. Yet, though unsung, the CRA is one of the most important pieces of civil rights legislation Congress has ever passed. http://www.bankwhileblack.blogspot.com
UAAD / UEDC propose to assist in organizing Community Organizations to specifically address CRA issues in the Gulf Coast pertaining, in particular, to those banks serving New Orleans and the Katrina Victims. Our efforts will be to seek funds that have been allocated to low-moderate income individuals because of the banks’ discrimination, past and present, red-lining in the African American and minority communities. These funds exceed in excess of $100 Billion Dollars that banks have in their CRA commitments as of September 11, 2006.
As the CEO of UAAD / UEDC and founder of these organizations, I ask each of your organizations with missions such as ours to join in a collaborative effort to assist African Americans in particular to reach “economic parity”. see: http://www.uaadcorp.com
We contemplate adding and deleting from this suggested list, depending on response from the above list organizations. We would like a reply as to your interest in joining this coalition, and would appreciate a reply within 5 days.
UAAD will meet, with Whitney Bank’s CRA Community Affairs Officer, Ms. Sanada Henderson on Tuesday September 13, 2006 at 2PM located 610 Poydras St., New Orleans. A meeting also is arranged to meet with AM/South Bank’s CRA representative, Mr. Kevin Williams Friday September 15th., time and place to be announced. These meetings are being arranged in order to seek these banks CRA activity reports for the past two years, in order that our coalition can assist these banks in improving their CRA activities.
UAAD is asking, the various organizations that intend to participate, to contact UAAD before arranging CRA meetings with bank officials. UAAD is arranging a relationship with SCLC National’s director, Dr. Steele, and Rev. Norwood Thompson to help lead our efforts in the City of New Orleans. UAAD is seeking the leadership of SCLC National and Mahammad Mosque #46 to coordinated UAAD’s efforts on the West Bank and other areas throughout the State of Louisiana.
It is the intent of UAAD to post all relevant information pertaining to its and the affiliate coalition partners information on UAAD /UEDC’s, blogs, web-sites, www.moveon.com, news media in order to publicize our efforts and goals.
I pray and ask that each of you join and assist to make this a combined effort to negotiate, and implement a $100 Billion CRA arrangement that will allow African Americans and many others to reach “ECONOMIC PARITY”, long past due.
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