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News & Notes
Some of that impact has yet to be settled, said Peter Skillern, executive director of Reinvestment Partners in North Carolina, according to American Banker.
Skillern said TD has been largely absent from discussions about housing and community development, but First Horizon has been actively engaged.
“Whose bank culture will prevail?” Skillern asked. “What will the bank culture do as far as valuation of diversity? What is the diversity commitment at the local level, not just in the aggregate?”
Residents hope a pair of affordable housing developments in Bragtown will help slow the exodus of Black families.
The historic Harriet Tubman YWCA building in Durham has been closed for years, but soon renovation will begin as it will be turned into affordable housing.
The nonprofit group, Reinvestment Partners, purchased the property and will be turning the historic building into 15 affordable studio apartments.