Expanding financial access for working
families and communities since 1990.
The National Community Reinvestment Coalition is an association of more than 600 community-based organizations that promote access to basic banking services including credit and savings, to create and sustain affordable housing, job development and vibrant communities for America's working families.
News and Events
Keys from the Crisis
NCRC
needs your help to tell the stories of families affected by
foreclosure. We’re launching an exhibition featuring keys and images of
families and the homes that have been lost to foreclosure. We call this
the Keys from the Crisis initiative, and we’re launching it during our
national conference, March 11 in Washington,
DC. With your help, we bring attention to the millions of Americans
whose stories go untold. To share a story, send a key, or join our
efforts contact: membership@ncrc.org
FHA Changes Offer Prudent Course Without Negative Impact On Minority Borrowers
Burden
To Borrower Is Modest & Ensures Access To Responsible Credit
Washington DC — David Berenbaum, Chief Program
Officer, National Community Reinvestment Coalition, issued the following
statement today about the Federal Housing Administration’s changes to its
mortgage program:
“The changes announced today by the FHA represent an attempt to navigate
a prudent course without negatively impacting access to credit or
contributing to a further slowing of the housing market in communities of
color. While borrowers will bear more of the costs of the government insurance
program through higher premium charges, the additional revenue will help ensure
that FHA stays solvent. The burden to the individual borrower is modest and
should ensure, overall, that borrowers have access to responsible credit. While
some less credit worthy borrowers will need higher down payments, this is a
necessary move in markets where a decline in home value can wipe out a new
buyer's equity within weeks after the settlement.
Housing the Consumer Financial Protection Agency at the Federal Reserve Would Be a Grave Mistake
Advocates speak out about proposal to axe independent consumer protection agency
Washington, DC – Today, John Taylor, president & CEO of the National Community Reinvestment Coalition made the following statement in reaction to the news that key senators are considering housing the Consumer Financial Protection Agency at the Federal Reserve:
“The Federal Reserve is the last place an agency designed to protect consumers should be housed. It will be more waste of taxpayers’ money because we’ll have to pay for the appearance of protection without getting any."
David Berenbaum, Chief Program Officer, Testifies before the Domestic Policy Subcommittee
On February 25, David Berenbaum, NCRC's Chief Program Officer, testified before the Domestic Policy Subcommittee on the subject of foreclosure prevention.
