Danbury-based Promontory MortgagePath LLC has launched its initiative to support community development financial institutions (CDFIs) and minority depository institutions (MDIs), with Industrial Bank and Optus Bank as the first participants.
The Biden administration promised Black business executives on Friday that it planned to make sure that the government’s economic support programs were able to reach minority-owned businesses.
Danbury-based Promontory MortgagePath LLC has launched an initiative to support minority depository institutions and community development financial institutions in their efforts to expand access to credit and homeownership in underserved communities.
