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Press Release - BMO Harris
EmPower
BMO Harris knows that societal inequality is a problem that affects us all and one that we need to solve together. With the EMpower 2.0 initiative, we aim to prove that our commitment to diversity, inclusion and the betterment of low income and minority communities goes beyond simple lip service. Through strategic community partnerships and a 40 billion dollar commitment, BMO Harris strives to make meaningful change in communities of color and combat racial and ethnic discrimination in the financial sector by increasing lending opportunities and approvals for aspiring homeowners, business leaders, and community partners. BMO EMpower believes in a diverse approach to community investment with funds available to YOU in the following areas:
- $7.5 billion in home mortgage lending to low-to-moderate income level homebuyers and communities of color
- $15.5 billion in community development loans and investments to support affordable housing, updated real estate, and neighborhood revitalization projects
- $2 billion in minority commercial lending with a focus on providing necessary assets for women and minority-owned businesses
- $16.5 billion in small business lending for Black, Latino, women, and Native American-owned business ventures
- $135M in philanthropic giving to support minority organizations and community engagement to deepen our connection and involvement with your communities
Whether you’re looking for a home, starting a new business, or need a partner for a community initiative, connect with us to find out how to access the funds you need to make your dreams a reality.
