The federal government needs to follow through quickly on its promise to create a self-sustaining investment fund for Black-led charities and community-based organizations, says a spokesperson for a group backing the idea.
The government promised the fund in the 2021 budget. Housing, Diversity and Inclusion Minister Ahmed Hussen said the government has been conducting "extensive" consultations ever since. He said that, with the next steps now underway, he hopes to announce the fund's manager by the spring of 2023.
After the government announced the investment fund's next steps, the Parliamentary Black Caucus said it would be conducting its annual pre-budget consultations.One of the joint chairs of the caucus, MP Michael Coteau, said ideas like the endowment fund emerged after Black Canadians pushed for such programs.
"Those are the types of ideas that have come from the community," Coteau said. "These are the ideas that people have gone out there and researched and championed." The Parliamentary Black Caucus pre-budget consultations are open until Nov. 4 and comments can be submitted online
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