NCRC

My Little Falls: Small Businesses – The Heart And Soul Of Today’s Rural Communities

My Little Falls, May 8, 2023, Small Businesses – The Heart And Soul Of Today’s Rural Communities The vibrancy of any small town can be measured by the economic health of their small businesses. These community assets generate long-term economic development that meets authentic community needs. By supplying jobs to their communities, these entrepreneurs promote economic […]

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Ohio Wesleyan University: Expanding Understanding

Ohio Wesleyan University, May 8, 2023, Expanding Understanding Marquel Henry, a junior from Dayton, Ohio, and Dillon Shelton, a junior from Solon, Ohio. They used their DEI Grant to attend the Just Economy Conference 2023, held March 29-30 in Washington, D.C. Sponsored by the National Community Reinvestment Coalition (NCRC), the conference seeks to bring together “community,

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House Digest: Bad Home Advice Dished Out On House Hunters

House Digest, January 25, 2023, Bad Home Advice Dished Out On House Hunters This glossing-over effect signals that race, sexual orientation, and other facets of a person’s identity are irrelevant in the home-buying process. As The New York Times highlights, black families have historically found it much harder to secure a mortgage loan than white families. Same-sex couples could

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Market Watch: ‘The economic consequences are real’: Officials push for deeper scrutiny of racial bias in home-appraisal process

Market Watch, January 20, 2023, ‘The economic consequences are real’: Officials push for deeper scrutiny of racial bias in home-appraisal process The federal government is taking steps towards addressing bias in the home-appraisal process, after media reports and a new documentary series surface instances of bias and undervaluations.  “The gap in homeownership between Black and

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Scotus Blog: Homeowners ask the justices to enforce a New York consumer-protection law against banks

Scotus Blog, January 6, 2023, Homeowners ask the justices to enforce a New York consumer-protection law against banks Many mortgage lenders require a financial tool called an “escrow account” for people who buy homes. These accounts hold extra money from borrowers to cover property taxes and home-insurance payments that accrue throughout the life of a

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Next City: Remembering The Heroes Of Socially Responsible Investment

Next City, January 3, 2022, Remembering The Heroes Of Socially Responsible Investment With no financial track record, little staff capacity and only a sketchy plan, we somehow connected to the Adrian Dominicans, who had expanded their work of economic justice beyond shareholder activism to affirmative investment in organizations fighting poverty. In the fall of 1982,

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American Banker: The tech challenges facing minority banks and how they can solve them

American Banker, January 4, 2023, The tech challenges facing minority banks and how they can solve them The National Bankers Association, whose member banks are minority depository institutions that hold assets of $400 million on average (excluding East West Bancorp in Pasadena, California, which has $62.5 billion of assets), has conducted further research to identify

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Insider: The rise of ‘Zoomtowns’ is going to make home prices and rents cheaper for everyone

Insider, January 4, 2023, The rise of ‘Zoomtowns’ is going to make home prices and rents cheaper for everyone It’s easy to blame remote workers for the pandemic’s chaotic housing market. Highly paid white-collar employees who exercised their newfound freedom and turned once cheap locales into expensive “Zoomtowns” make for vivid villains.

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United States Census Bureau: Minority Business Ownership Differs by Sector

United States Census Bureau, January 4, 2023, Minority Business Ownership Differs by Sector The diversity of business owners mirrors the changing profile of the nation’s population. The 2020 Census found that the population of nearly all race and ethnicity groups in the United States had grown since 2010 with the exception of the White alone population, which

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CNN Business: Here’s what to expect in the housing market this year

CNN Business, January 5, 2023, Here’s what to expect in the housing market this year Throughout 2022, the Federal Reserve hiked its benchmark interest rate at a record pace to slow the economy and fight high inflation. Housing took the brunt of the impact, as the most interest rate-sensitive sector of the economy. The Fed’s

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Trib Live: PNC closing 2 more Pittsburgh-area locations, including Vandergrift branch

Trib Live, January 17, 2022, PNC closing 2 more Pittsburgh-area locations, including Vandergrift branch “While I hate to see a business leave the community, I also understand the reasons this is happening throughout the banking industry,” Kessler said. “Fewer and fewer people actually visit brick-and-mortar banks anymore. So much banking is done electronically.” According to

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American University Magazine: Metrocentrered: Navigating Neighborhood Transition

American University Magazine, MetroCentrered: Navigating Neighborhood Transition Washington was the nation’s most intensely gentrified city between 2000 and 2013, according to the National Community Reinvestment Coalition (NCRC). Of 154 neighborhoods “eligible to gentrify”—those with median home values and household incomes below the 40th percentile—62 did based on increases in property values and college degree attainment.

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Axios Philadelphia: Mortgage lender accused of underserving Black homebuyers in Philly

Axios Philadelphia, December 15, 2022, Mortgage lender accused of underserving Black homebuyers in Philly Why it matters:Philadelphia is still reckoning with a long history of discriminatory policies that made it more difficult for Black applicants to access mortgages, compared to their white counterparts. The other side: KeyBank said in a statement that it “strongly disagrees” with the NCRC’s

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