Rebuilding vulnerable communities reeling from the economic ravages of COVID-19 pandemic will require a heightened public-private partnership—one defined not just by resolute individual and entrepreneurial initiative, social enterprise, and nonprofit capacity-building, but also by thoughtful and visionary public policy re-envisioned with these communities in mind.
Jenn Jones, Chief of Membership and Policy at the National Community Reinvestment Coalition, today was appointed Chief of Staff at the U.S. Department of Housing and Urban Development (HUD).
Woodlawn Pointe Project in South Chicago’s Historical Neighborhood Designed to Help Reverse Long-Term Impacts of Discriminatory Redlining Practices
Congratulations to President Joe Biden and to Kamala Harris, who today achieved many firsts as Vice President of the United States: Black, South Asian, woman and mom.
The NCRC Housing Rehab Fund (GROWTH) and the Benedict-Allen Community Development Corporation today announced the completion of eight new affordable homes north of the Benedict College campus in downtown Columbia, South Carolina.
By using a different metric – loans per one thousand people – the National Community Reinvestment Coalition (NCRC) in a recent paper was able to identify smaller states and metropolitan areas that are underserved by traditional banks but are better served by branchless banks.
Today, the National Community Reinvestment Coalition (NCRC) announced a new $5 million grant program funded by Morgan Stanley to help its member organizations recover and rebuild from the coronavirus pandemic.
“Rohit Chopra will be a champion for fair lending and a renewed commitment to ending abusive practices in the financial market,” said NCRC CEO Jesse Van Tol.
The new Paycheck Protection Program (PPP) portal opened January 11, 2021 for new and certain existing PPP borrowers. The new rules from the Small Business Administration (SBA) on both PPP and the targeted Economic Injury Disaster Grant (EIDL) aim to correct some of the lending discrimination uncovered in the first round.
The wealth gap between rich and poor Americans has more than doubled since 1989. The top 1% own more wealth than the entire bottom 90% combined. In the midst of the global pandemic, some of the nation’s super rich have doubled or even tripled their net worth.
An armed and deluded mob stormed the nation’s Capitol and attempted a coup. The scene itself was unbelievable, but so was the response from law enforcement.
Loans and investments made as part of banks’ Community Reinvestment Act (CRA) activities are an important source of funding for hospitals and health systems to address social determinants of health, the physical and social conditions in the environment that influence health.
Echoing findings from the National Community Reinvestment Coalition, Davis calls Macon the “most redlined community in the nation,” a process of market- and state-engineered housing discrimination that built an invisible moat around Black neighborhoods, making it nearly impossible for residents to escape and buy homes elsewhere.
The Guardian asked a group of experts to share concrete ideas to address some of America’s deepest problems. NCRC’s Dedrick Astante-Muhammad discussed how to close the racial wealth divide.
A report from the National Community Reinvestment Coalition, which included work from Wisconsin researchers, found that across the U.S., census tracts with a history of redlining were tied to worse health outcomes for residents.
