Joint $4M endeavor seeks to create racial equity in municipal bond market – American City & County – DC Initiative on Racial Equity
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From its inception, America’s history is one that’s rooted in racial prejudice and inequality. Cities have, historically, expanded and evolved within the confines of that segregated system through prejudicial laws and discriminatory practices like redlining.

A new endeavor launched this month by the Public Finance Initiative (PFI) and the National League of Cities (NLC), the Bond Markets and Racial Equity Project, seeks to create a more equitable society through the way municipal bonds are issued. The project is funded by a $4 million grant from the Robert Wood Johnson Foundation.

The project team will develop a range of tools for cities, publ

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