Karen bass, and several other members of the black caucus who you will be hearing from momentarily. Thank you for joining us on this emergency town hall meeting, living while black in america, 401 years later after our ancestors were first brought to the shores of america in shackles, we now that while we have come a long way in this country, we still have a long way to go. We are living with the legacy of slavery and jim crow and racial oppression that continued to permeate every aspect of american life. And we have seen that over the last several months in such a stark and striking fashion. The covid19 pandemic, a twin crisis, both a Public Health crisis and an economic crisis, has impacted everyone, but disproportionately impacted in an adverse fashion the africanamerican community. In terms of pain, in terms of suffering, in terms of economic dislocation and in terms of death. And then, of course, youre dealing with the continued epidemic at the same time of Police Violence, Police
Specific Health Guidelines to keep customers and staff safe. Napa county will be okay and as of yesterday salons already back in business. Speaking with a few owners. Speaker reporter they needed a few more days before they could ramp up, those who have opened our booked solid. At the parlor beauty salon in napa, its as if the whole county needs a haircut. People are falling off the hook, our phone is going nuts. It means i can help my family again. Sorry, its emotional. But, i can participate inold, y so that feels good. I have three children at home. Reporter customers are enjoying something they may have once taken for granted. Small things like this that go a really long way. Reporter napa, sonoma, and solano are the only bay area counties to meet the California Department of Public Health criteria for im nearly doubled over the weeks. Areas such as churches, retail stores, and no hair salons. We would have to see our cases go down in the next few weeks. Salons would open and custo
Housing affairs will come to order. Thanks to the new deal and the hard work of our regulators today, most Bank Failures of course never a good thing or generally not a big deal but the quick collapses of Silicon Valley bank and Signature Bank were no ordinary failures. In less than a day, Silicon Valley Bank Customers pulled 42 billion dollars out of the bank fueled by Venture Capitalists and their social media accounts. They created the largest and fastest bank run in history in the following days Signature Bank lost 17 billion dollars. Regulators both republicans and democrats came to gather to prevent the panic from spreading. They increase liquidity, they promoted confidence in our Banking System, they protected deposits of customers and Small Businesses not notably the investors the investments of executives and shareholders. I spent that weekend on the phone with ohio Small Businesses and banks and credit unions. While Small Business owners simply wanted to make payroll. They di
On Economic Opportunity. They discuss needed investment in underserved low income communities and bridging the gap between rental markets and homeownership. This runs an hour and 20 minutes. Good afternoon. Id like to call the subcommittee on housing transportation and Community Development committee to order. I want to thank you as always, senator, to you and your staff for working with us on this hearing, which will focus on Community Development Financial Institutions or cdfis and how specifically cdfis can promote Housing Development and Economic Opportunity. I think that both the senator and i believe that everyone in this country should have the freedom and the opportunity to build the lives that they want, that this is the american dream. An essential Building Block for fulfilling this dream is that people have access to capital and lending and resources so that they can buy a home or build a Small Business or get an education. And we also know that not everyone has equal access
Good afternoon. I like to call the subcommittee on housing transportation and Community Development committee to order print out to thank you as always senator you and your staff are working with us on this hearing. What a focus on Community Development Financial Institutions or cdfi and how specifically cdfi can promote Housing Development and Economic Opportunity. I think both center at lummis and i believe everyone in this country should have the freedom and the opportunity to build the lives they want. This is the American Dream and an essential Building Block for pursuing this dream the people have access to capitol and lending and resources so they can buy a home or build a Small Business or get an education. We also know not everyone has equal access to capitol and Financial Services this inequity drives big gaps for disparity, opportunity and wealth which is will be sooner country. Communities of color and Indigenous People and rural areas often do not have the same access to c