www.shopherwbc.org Fox 5 DC visited ShopHER this week to showcase the local, women-owned small businesses and their fantastic products from DC and around the world. Visit ShopHER on the second floor of Union Station to purchase unique Holiday Gifts!
Online Event Archive Recorded December 15, 2021 As you know, the Community Reinvestment Act (CRA) was enacted to ensure much-needed investment and capital makes it to low- and moderate-income (LMI) communities. But NCRC’s research has shown that the majority of communities that were redlined in the 20th Century are still lower-income and also predominantly communities …
Some banks and other lenders have gotten away for too long with racial discrimination and bias in lending.
New popup retail space features globally sourced, produced and inspired goods by women-owned businesses from the DC Metro area.
New York is now among a group of states, including Illinois and Massachusetts, that have recognized the need to ensure that all lenders, not just banks, make mortgages available to credit-worthy borrowers in all communities.
Segregation best neighborhoods were almost exclusively White and hazardous neighborhoods were mainly comprised of minorities. This process is known as redlining Bruce Mitchell, senior research analyst at the National Community Reinvestment Coalition explains the redline process it’s systematic approach evaluation neighborhoods that will SA and postage to shake really resulted in which communities we’re given mortgage launch and which commanders were not and know in most cases is H also appraisers.
Johnson believes the UMOJA rink has the potential to shine a much-needed spotlight on Eastmont, and help to jumpstart other business and cultural activities that can stem the displacement of Black people from the neighborhood. Oakland and San Francisco recently topped a list of the “most intensely gentrified” U.S. cities in a study conducted by the National Community Reinvestment Coalition.
With its alternative structure and ideals, the co-op has secured its first brick-and-mortar location during a pivotal moment for Dorchester. According to a 2017 study by the National Community Reinvestment Coalition, the neighborhood of Dorchester was in the lower 40th percentile of income and home value and therefore “eligible for gentrification.”
A study published by the National Community Reinvestment Coalition would reveal that Baltimore was among the top seven cities in the United States when it came to gentrification. The study utilized data accrued between 2000 and 2013 of more than 935 metro areas within the country, dissecting the leading causes and effects of gentrification along the way.
McMorris, a Washington, D.C.-based real estate developer and civil rights activist, has formed a new property redevelopment firm meant to right the wrongs of redlining, in partnership with the National Community Reinvestment Coalition.
The federal government first became a national guarantor of mortgage lending in the 1930s. When it did, federal policy acted to reinforce preexisting structural racism. The National Community Reinvestment Coalition (NCRC) has described how the Home Owners’ Loan Corporation (HOLC), established during the administration of Franklin Delano Roosevelt, drew maps dividing neighborhoods based on the quality of their housing stock and the risk posed to lending institutions
“Since large banks have chosen not to make VA loans, veterans have only a small number of lenders from which to choose,” said Jason Richardson, director of Research and Evaluation at the National Community Reinvestment Coalition, a nonprofit that tracks lending practices in traditionally underserved communities.
Marisa Calderon has dedicated her career to being a champion for increasing affordable homeownership and bridging the nation’s racial wealth gap in the Black and Latino communities. In September 2020, Calderon took on her new roles at the National Community Reinvestment Coalition. As the first Latina executive to head the NCRC Community Development Fund, Calderon works to provide loan capital that expands access to affordable homeownership and helps Black-, Brown-, and woman-owned businesses thrive.
National Community Reinvestment Coalition Executive Director, CDFI and Chief of Community Finance & Mobility, Marisa Calderon, was featured on the HousingWire’s 2021 Women of Influence list
And the National Community Reinvestment Coalition found last year that banks gave Black women less information about loans than White and Hispanic women.