Netflix commits $25 Million to the “Equitable Path Forward” Initiative to Counter Racial Inequities Rooted in Housing
by Kelly Washington Netflix Incorporated and Enterprise Community Partners (“Enterprise”) announced Netflix’s $25 million commitment in Equitable Path Forward. Enterprise’s new five-year, $3.5 billion nationwide initiative will help dismantle the deeply-rooted legacy of racism in housing – from the types of homes built, where they are made, who builds them, and the wealth that the homes generate. After decades of systemic racism in housing, from government-sanctioned discrimination like redlining and race-based federal mortgage programs to restrictive deed covenants based on one’s skin color, to predatory lending and discriminatory property
Black Netflix Exec Spearheads Company’s $100 Million Commitment to Black Banks
In October 2019, Netflix began holding routine meetings to increase diversity among its leadership. However, it would not be until April of this year that the company would arguably make its biggest stride towards social change. The discussions from April’s gathering sparked the curiosity of Netflix Director of Talent Acquisition, Aaron Mitchell. He began researching economic solutions and reading Mehrsa Baradaran’s “The Color of Money: Black Banks and the Racial Wealth Gap”, which highlights the need for Black financial institutions to receive better funding to help the