Raul Echevarria's guest appearances

Raul Echevarria

Detroit is Different

Andrew Yang

Ron Taylor

David Harper

Eric Thomas

MALIK YAKINI

Chad King

James Anderson

Josh Adams

Jeff Horste

David Kirkpatrick

James Marsh

Kevin Manuel

Darren Brown

Gary Anderson

Bayan Founas

OwlTail

Yusef Bunch Shakur

Community Development in Detroit Discussion II featuring Raul Echevarria, Khary Frazier, and Yusef Bunch Shakur Tuesday, March 10, 2020, at the University of Detroit School of Architecture in the Peter Peirce Room.  Presented by Community Movement Builders, Detroit is Different, Michigan Roundtable for Diversity and Inclusion, and the University of Detroit  In this discussion, I (Khary Frazier) framed information and questions to focus on the business (money) of community development.  My premise was many corporations are using the distressed status (perpetually marketed by media of Detroit) to leverage subsidies, tax relief, unchecked lending, and neglectful investment. In this talk defining these practices with Yusef &amp; Raul was important.  CDFI's (Community Development Financial Institutions) of Detroit have received over 182 Million dollars connected to the CDFI program that was established to assist housing, businesses, and non-profit organizations in community development. The CDFI program was started from the Riegle Community Development and Regulatory Improvement Act of 1994 (here is a link to the act that establishes CDFI's surprisingly very thorough https://www.fdic.gov/regulations/laws/rules/8000-5400.html). In 1996 the first Detroit CDFI monies from the US Treasury were sent to Shorebank receiving 3.75 million dollars. Here is an article by NYTimes as a brief overview of why Shore Bank failed (according to many financial analysts) https://www.nytimes.com/2010/05/23/business/23cncshorebank.html, many felt that the risks with homeowners were too much for Shorebank.  Currently, CDFI's have no needed oversight but there is a third party ranking system developed by Aeris that many use to audit their effectiveness. Here is a link to the Aeris website: https://www.aerisinsight.com/ . CDFI's can also receive funding from banks (like Bank of America) and foundations (like Kresge) in the form of investment and/or grants. Many banks pay for and submit the Aeris audit request to verify the livelihood and financial legitimacy of the CDFI (which I think is problematic because traditional lending has been so racist, here is a great book about the practice released last year: https://www.amazon.com/Color-Money-Black-Racial-Wealth-ebook/dp/B076526LW5). CDFI, CDC, HUD, Urban Foundation, Community Development, Detroit, Raul Echevarria, Khary Frazier,  Yusef Bunch Shakur, Community Movement Builders, Detroit is Different, Michigan Roundtable for Diversity and Inclusion, University of Detroit. Episode Notes Detroit is Different is a podcast hosted by Khary Frazier covering people adding to the culture of an American Classic city. Visit www.detroitisdifferent.com to hear, see and experience more of what makes Detroit different.  Follow, like, share, and subscribe to the Podcast on iTunes, Google Play, and Sticher. Comment, suggest and connect with the podcast by emailing info@detroitisdifferent.com Find out more at https://detroit-is-different.pinecast.co

Community Development in Detroit Discussion II featuring Raul Echevarria, Khary Frazier, and Yusef Bunch Shakur Tuesday, March 10, 2020, at the University of Detroit School of Architecture in the Peter Peirce Room. Presented by Community Movement Builders, Detroit is Different, Michigan Roundtable for Diversity and Inclusion, and the University of Detroit In this discussion, I (Khary Frazier) framed information and questions to focus on the business (money) of community development. My premise was many corporations are using the distressed status (perpetually marketed by media of Detroit) to leverage subsidies, tax relief, unchecked lending, and neglectful investment. In this talk defining these practices with Yusef &amp; Raul was important. CDFI's (Community Development Financial Institutions) of Detroit have received over 182 Million dollars connected to the CDFI program that was established to assist housing, businesses, and non-profit organizations in community development. The CDFI program was started from the Riegle Community Development and Regulatory Improvement Act of 1994 (here is a link to the act that establishes CDFI's surprisingly very thorough <a href="https://www.fdic.gov/regulations/laws/rules/8000-5400.html" rel="nofollow" target="_blank">https://www.fdic.gov/regulations/laws/rules/8000-5400.html</a>). In 1996 the first Detroit CDFI monies from the US Treasury were sent to Shorebank receiving 3.75 million dollars. Here is an article by NYTimes as a brief overview of why Shore Bank failed (according to many financial analysts) <a href="https://www.nytimes.com/2010/05/23/business/23cncshorebank.html" rel="nofollow" target="_blank">https://www.nytimes.com/2010/05/23/business/23cncshorebank.html</a>, many felt that the risks with homeowners were too much for Shorebank. Currently, CDFI's have no needed oversight but there is a third party ranking system developed by Aeris that many use to audit their effectiveness. Here is a link to the Aeris website: <a href="https://www.aerisinsight.com/" rel="nofollow" target="_blank">https://www.aerisinsight.com/</a> . CDFI's can also receive funding from banks (like Bank of America) and foundations (like Kresge) in the form of investment and/or grants. Many banks pay for and submit the Aeris audit request to verify the livelihood and financial legitimacy of the CDFI (which I think is problematic because traditional lending has been so racist, here is a great book about the practice released last year: <a href="https://www.amazon.com/Color-Money-Black-Racial-Wealth-ebook/dp/B076526LW5" rel="nofollow" target="_blank">https://www.amazon.com/Color-Money-Black-Racial-Wealth-ebook/dp/B076526LW5</a>). CDFI, CDC, HUD, Urban Foundation, Community Development, Detroit, Raul Echevarria, Khary Frazier, Yusef Bunch Shakur, Community Movement Builders, Detroit is Different, Michigan Roundtable for Diversity and Inclusion, University of Detroit. <h1>Episode Notes</h1> Detroit is Different is a podcast hosted by Khary Frazier covering people adding to the culture of an American Classic city. Visit <a href="http://www.detroitisdifferent.com" rel="nofollow" target="_blank">www.detroitisdifferent.com</a> to hear, see and experience more of what makes Detroit different. Follow, like, share, and subscribe to the Podcast on iTunes, Google Play, and Sticher. Comment, suggest and connect with the podcast by emailing info@detroitisdifferent.com Find out more at <a href="https://detroit-is-different.pinecast.co" rel="nofollow" target="_blank">https://detroit-is-different.pinecast.co</a>

Raul Echevarria and Yusef Bunch Shakur 