September 22nd, 2022
Yesterday, HOPE CEO, Bill Bynum joined Vice President Kamala Harris, Treasury Secretary Janet Yellen, Senator Mark Warner, Chairwoman Maxine Waters, and Latino Community Credit Union CEO Luis Pastor to announce the successful deployment of the $9 billion Emergency Capital Investment Program (ECIP). At the start of the conference, Senator Warner reminded attendees at the press conference that the program is the single largest investment in community financial and Minority Depository Institutions (MDI) ever. The ECIP resources will dramatically increase access to financing for homeowners, small businesses, communities, and families at an unprecedented scale – especially in low-income and financially underserved communities that struggled during the COVID-19 crisis.


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