Mule Fund News Today

Newark Mayor Ras J. Baraka and Rev. Al Sharpton initially launched the NJ FAM Fund in Sept 2020; now an addition $2 million investment has been announced.

Newark’s Municipal Council voted last week to invest $2 million in the New Jersey 40 Acres and a Mule Fund (NJ FAM Fund).

A new study by researchers at Rutgers University reveals the scale of Wall Street’s reach into the Newark, New Jersey, housing market—LLCs and private equity accounted for 47 percent of residential real estate transactions from 2017 to early 2020.

The struggle for reparations in New Jersey is centuries old. For decades, Black state lawmakers have tried unsuccessfully to move legislation that would require New Jersey to talk about reparations.

The struggle for reparations in New Jersey is centuries old. For decades, Black state lawmakers have tried unsuccessfully to move legislation that would require New Jersey to talk about reparations.

The New Jersey “40 Acres and a Mule” Fund (NJ FAM) announced that Bank of America has committed to provide an equity investment

When Ras Baraka announced the formation of the NJ FAM Fund back in September, it came with a symbolic name — FAM stands for “40 Acres and a Mule” — and a hope that it could raise $100 million to serve as a private investment vehicle to help reduce social and economic disparities in Newark by investing in Black and Latinx businesses. A few months later, the fund is operating in eight New Jersey cities and is quickly approaching $10 million — thanks in part to a “substantial” commit...

Bank of America to Invest in the New Jersey “40 Acres and a Mule” (FAM) Fund Formed to Combat Systemic Racism First investment from Fortune 500 financial institution as NJ FAM Fund rapidly expands to now include eight N.J. cities: Newark, Orange, East Orange, Paterson, Camden, Trenton, Irvington, Bridgeton and Atlantic City May 27, 2021 10:05 ET | Source: New Jersey FAM Fund New Jersey FAM Fund Newark, New Jersey, UNITED STATES Newark, NJ, May 27...

$100M fund for Black and Latinx business owners expands to 7 more N.J. cities Updated Feb 19, 2021; Posted Feb 19, 2021 The FAM Fund expanded and now has the support of Newark Mayor Ras J. Baraka, East Orange Mayor Ted R. Green, Trenton Mayor Reed Gusciora, Camden Mayor Frank Moran, Paterson Mayor André Sayegh, Atlantic City Mayor Marty Small, Irvington Mayor Tony Vauss, and Orange Township Mayor Dwayne Warren.via Zoom Facebook Share Twitter Share Seven more mayors across New Jersey are on ...