22 23  -9-  consumer, mortgage, small business, and consumer lending portfolios over the next six years, and Hope was able to mobilize $ million of PPP funds to small businesses. 25 Community banks also serve an important role. Through their lending to local communities and small businesses, they often know their customers personally and engage in community-building activities.
Large banks also have a key part to play. For example, in 2022, many large financial institutions initiated or expanded special purpose credit programs, many of which provide mortgage assistance to benefit Black and Hispanic communities. 26 In addition to their own lending, they help support MDIs and CDFIs through technical assistance and investment.