The plan, which is expected to run over the course of three years, is comprised of a series of investment goals and targets, which if achieved, are intended to “make a meaningful and positive impact in communities” served by the two institutions.
Notable highlights of the plan’s agenda include a dedicated fund of $1.45 billion for small business lending, $2.3 billion for community development lending and an additional $300 million for community development investments.
It will specifically seek to benefit low-income communities and initiatives that spark social change across homelessness, equality and climate resiliency, among other areas.
