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Building Sustainable Low-Moderate Income Communities Through Increasing Home Values & Development of Self Sufficient Non Profits

Assets & Hope San Diego Assets & Hope

FMCRC Assets & Hope Housing Development Addresses the Racial Wealth Gap Targeting Increased Home Value With Housing Development In Predominate Minority Neighborhoods. Targeting $1 billion of increased Home Equity: As of 7/1/16 Increased Home Equity Created- $220,275,300

For New & Rebuilt Homes Construction Highlights (Finished & Under Construction) click here for .pdf


Homes for Sale and Rent (click here)

FMCRC Profit Flow CEDC
Profit Flow
Job Creation Flow
Phase 3 Outline
Fighting Poverty ~ Creating Jobs ~ Creating Wealth

Recent News:

2015 Federal Home Lending Data By Florida Banks Released. Top Banks fuel widening Racial wealth gap. Bank of American Discriminates Against African American home buyers

Click here for copy of breakdown of 2015 Racial Home Lending Report

FMCRC Chair Al Pina Meets With Baltimore African American Leaders To Discuss And Strategize on Increasing African American Home Ownership To Address Massive Racial Wealth Gap in Baltimore. FMCRC Chair Will Work With Key African American Non Profits In Baltimore To Develop Affordable Housing

Click Here For Photos of June 30, 2016 meeting

Washington DC Housing officials (FHFA, FannieMae, FreddieMac & NCST) Tour FMCRCTampa Housing Projects that Focuses on Raising Home Values in Minority Communities To Address The Rising Wealth Gap. To Date, FMCRC Has Been Successful in Raising Minority Home Values By Over $220 million dollars.

(click on this for attachment with photos and tour highlights)

Federal Reserve Board (Washington DC) Meets with FMCRC & Florida Minority Leaders in Miami to Discuss Rising Racial Wealth Gap and Racial Economic Exclusion By Banks.  Meeting was result of FMCRC letter sent to Federal Reserve Board Chair Janet Yellen

Click Here For Meeting Recap and Photos

FMCRC Chair Al Pina Demands National Minority CRA Summit in DC; Official Letter to Federal Reserve Board Chair Janet Yellen (Proposed Hunger Strike) Click Here For Copy of Letter

FMCRC Goes After Bank of America CEO Brian Moynihan for Racial Economic Racism Bank of America Small Business and Home Loans to Minorities under 6% of all major U.S. Cities:

Click Here For BofA 2014 Home Lending To Minorities: Economic Racism

Click Here For FMCRC Cartoon of Moynihan Economic Racism

2014-2015 FMCRC-SDMCRC Annual Report: Click Here For Copy of Report

FMCRC Creates and Leads Launch of Florida First Race Based Race Focused Community Development Fund to Fight Poverty With New Market DrivWells Fargo honored by East Tampa neighborhood association for FMCRC housing partnership that results in increasing of home values by over 30% Click Here For Photos and Announcement

FMCRC targets new and rebuilt homes for LGBT community in Florida. Click Here For Photos and Announcement

FMCRC Housing For Veterans. FMCRC gives priority for new and rebuilt homes to Veterans. Veterans thank Wells Fargo. Click Here For Photos and Announcementen

Non Profits. FMCRC Calls on Wells Fargo and Bank of America to Conduct National Racial Audit of Community Funds they Invest into Click Here For Copy of Press Release

FMCRC promotes LGBT home ownership via ground up construction. For photos of Tampa home built for same sex partners in February 2015: click here

Study finds Racial Wealth Gap Growing - Florida still has major income inequality. Click here for news report

Wells Fargo awards FMCRC $100,000 to expand affordable housing construction program to address fast rising racial wealth gap in Florida. Click here for copy of FMCRC & Wells Fargo press release

FMCRC launches "Beds For Tots" program that will provide new bedroom furniture for low income minority children. Click here to see photos

FMCRC donates over 400 toys to Tampa area hospitals to bring joy to hospitalized children. Click here to see photos

FMCRC works with San Diego minority leaders to launch economic civil rights organization to battle rising poverty and racial wealth gap in San Diego minority communities. Click here for flyer

Federal study shows racial wealth gap grows under minority President. Click here for recap of report

FMCRC-Assets & Hope Rebuilds 1923 Historic Home in low Income Census Tract (Tampa Heights) and Increases Home Values in Neighborhood by over 25%. Click here for photos of rebuilding of historic home

Wells Fargo & FMCRC develop major affordable housing program to address declining home values in FL minority communities. Click here for press release

FMCRC Florida delegation goes to Washington D.C. to address Racial Wealth Gap with federal regulators. Click here for photos

FMCRC comes to agreement with Bank of America & Wells Fargo. Call off fast for Florida. FMCRC CRA Committee to hold annual Minority Community Reinvestment meetings with all key banks in Florida. Click here for details

Rise in Florida Minority Poverty-Racial Wealth Gap: FMCRC study-data report demonstrates the major rise in minority poverty in Florida, lack of Florida minority children to rise out of poverty, major racial wealth gam in Florida & US and major components to wealth gap and lack of home lending to minorities by top four banks in Florida.

Click here for copy of Rise in Florida Minority Poverty-Florida Racial Wealth Gap Report

FMCRC To Launch San Diego Assets & Hope. Targets low-income communities of Barrio Logan-Logan Heights for Job Creation
(click here for San Diego Job Creation Presentation)

FMCRC Launches REO (foreclosed homes) program to create jobs, provide homes to low income families, and develop income via For Profit CEDC model. (click here for photos)

2013 Let's Do Business Florida:

Tampa Bay Times Article (Oct 7, 2013): Major Foreclosure Investors-FMCRC Chair States that these Investors are predators that are preying upon minority and low-moderate income families. (click here for copy of article)

Florida's #2 in the nation for poverty. FMCRC Poverty Study for Jacksonville (click here)

FMCRC pushes for Compassionate Capitalism: Disabled Senior with Cancer and FMCRC Chair Al Pina sign mortgage release form that forgives FMCRC financed mortgage for condo FMCRC rebuilt and sold to Disabled Senior. Senior showed Great emotion during signing. On hearing that The senior had cancer, FMCRC moved to forgive the loan so she can use the funds to battle cancer. FMCRC hopes other banks and organizations can follow with acts of compassionate capitalism.

Tampa Sub Division Dedicated for Veterans / Active Military: FMCRC/Assets & Hope dedicate lot (6303 N. Rome Ave Tampa Florida) for Veterans & Active Military from MacDill Air Force Base affordable housing. Planning process has begun to build out this small sub division in Central Tampa that will provide affordable new construction housing for Veterans & Active Military. FMCRC/Assets & Hope leave no man/woman behind in our military.

Happy Immigrant family from Guatemala at closing of the home purchased from FMCRC Assets & Hope. FMCRC welcomes immigrants and all diverse families who wish to become home owners

10th Ave North St Pete

Ground up house just completed and sold to first time home buyers. 

Click on the following link for a virtual video tour of completed new house:


15th St North St. Pete

Ground up house sold to special forces combat veteran

Click on the following youtube video link to “see what coming” video tour of new ground up home:


Cumberland San Diego CA;

FMCRC begins building Affordable Housing in San Diego. FMCRC paid for all closing costs for moderate income family to allow them to qualify for home. Buyers thank FMCRC


Some pics of before and initial demolition of interior and garage.  House was in pretty bad shape:

Cumberland San Diego, CA

602 W. Euclid Tampa

FMCRC sells new ground up home for young family with baby on the way. Click on this youtube video link to see tour of finished home:


FMCRC Chair Al Pina meets with Baltimore African American leaders on Addressing the Racial Wealth Gap with Home Ownership


The following Banks provide FMCRC with Capital for our housing projects:
Regions Bank PNC Bank
A Special Thank You to Our Assets & Hope Investors

A 2012 Kaiser Foundation Study concluded that minorities account for 73% of poverty in Florida and is rising. Contact your congressional office Chief of Staff and demand that they significantly increase investment in minority communities and businesses to stimulate job creation.

(Click Here For Listing Of All Congressional Offices and Emails)

Florida #2 in Nation For Poverty: Click Here For Census Bureau Study

FHCA Let's Do Business Florida Assets & Hope Florida Minority Community Reinvestment Coalition San Diego Assets & Hope

FMCRC launches new Racial Wealth Gap website:

The Racial Wealth Gap(www.theracialwealthgap.org)



||| @ 2016
Assets and Hope | 701 South Howard Ave. suite 106-147, Tampa, FL 33606 | Phone: (813) 391-4628 | Email: vortega@fmcrc.org

2013 Let's Do Business Florida