Senate Confirms Janet Yellen as Treasury Secretary
The confirmation of Janet Yellen is an important first step on the road to economic recovery.
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A Steely National Resolve Is Needed to Achieve an Equitable Recovery
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.
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NCRC executive Jenn Jones appointed chief of staff at HUD
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).
NCRC executive Jenn Jones appointed chief of staff at HUD Read More »
GROWTH by NCRC and Greenlining Realty USA Celebrate Completion of Nine Housing Units in West Woodlawn
Woodlawn Pointe Project in South Chicago’s Historical Neighborhood Designed to Help Reverse Long-Term Impacts of Discriminatory Redlining Practices
An astonishing web of laws and policies will need to be revised to set the nation on the right course
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.
GROWTH by NCRC AND Benedict-Allen Community Development Corporation Announce the Completion of Eight New Affordable Homes
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.
NCRC Recommends New Way to Establish CRA Assessment Areas for Branchless Banks
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.
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NCRC launches $5 million Field Empowerment Fund to support nonprofits and CDFIs that promote wealth in traditionally underserved communities
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.
NCRC applauds the announcement of Rohit Chopra to head Consumer Financial Protection Bureau
“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.
New PPP, Economic Injury Disaster Funding Now Open for Business
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.
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Billionaires need to pay their fair share
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.
Billionaires need to pay their fair share Read More »
NCRC Statement on the failed coup
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.
NCRC Statement on the failed coup Read More »
Hospitals Can Partner with Banks Under the Community Reinvestment Act to Create Healthy Communities
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.
The American Prospect: Black Voters Matter, and So Do Black Lives After Elections
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.
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The Guardian: America is broken, so we asked some of its greatest minds how they would fix it
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.