“NCRC once again found that gentrification and displacement was highly concentrated, and that most low-income neighborhoods, and the vast majority of cities, continued to deal with a chronic lack of investment,” a statement in the report’s executive summary read.
San Francisco-Oakland. San Jose. Sacramento. San Diego. Los Angeles. Of the country’s 20 most intensely gentrified cities, California has five of them, according to a new study.
We have known for years that gentrification has disproportionately displaced black and Latino people from their homes across the U.S., “excluding existing residents from the benefits of a revitalizing neighborhood,” as one study put it.
The maps distinctly show neighborhoods where black populations have left and where white people have moved in.
American Banker, August 2, 2023, HSBC’s U.S. arm faces HUD probe over redlining allegations HSBC’s U.S. division is under federal investigation for potentially engaging in discrimination against minority borrowers in six metropolitan areas. The U.S. Department of Housing and Urban Development is reviewing the bank’s lending practices in majority Black and Hispanic neighborhoods within the
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The Washington Post, May 7, 2023, City Planners Targeted A Black Community For Heavy Pollution. Can The Damage Be Undone? This Black enclave — not far from the stately Bay Bridge and just downslope from the mansions of the East Bay hills — is sandwiched by three major freeways. Each day, the trucks and cars
The National Community Reinvestment Coalition (NCRC) on Friday opened applications for the final round of its $5 million Field Empowerment Fund (FEF).
Bloomberg, June 1, 2022, Oakland A’s Clash With Shipping Industry Over Waterfront Ballpark Indeed, housing affordability and displacement concerns loom large in Oakland: The Bay Area is ranked as the most gentrified region in the US, according to a 2020 study from the National Community Reinvestment Coalition. Kaval says the team is setting aside $50 million for
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Micro B Life, March 17, 2022, When Did Gentrification Start In Nyc The history of gentrification in America starts in the 1960s when the term was coined. Over the next five and a half decades communities have wielded varying tools and strategies in response to gentrification’s challenges. A new study claims San Francisco and Oakland are the
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In May 2019, the National Community Reinvestment Coalition (NCRC) filed a comment opposing the application and noted then that the company had not provided a complete plan to meet its community reinvestment obligations.
Monzo USA withdraws national bank charter application opposed by NCRC Read More »
