Using Special Purpose Credit Programs to Expand Equality

• Special Purpose Credit Programs (SPCPs) are made available by the Equal Credit Opportunity Act.
• Building more affordable housing is important, but much more must be done to advance credit equity.
• Our markets are structurally unfair and we need intentionality to effectively address the racial wealth and homeownership gaps.
• SPCPs are an important tool in expanding fair access to credit, particularly for consumers and communities impacted by discrimination.
• SPCPs fulfill the letter and spirit of our nation’s fair housing and lending laws.

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