NCRC

Fannie Freddie Plan Must Not Lock Working Families Out Of Homes

By / / Press Releases / 2 minutes of reading

Washington, DC — The following is a statement from John Taylor, President & CEO of the National Community Reinvestment Coalition (NCRC), on the Administration’s plan for Fannie Mae and Freddie Mac:

“The only measure for the success of this plan is whether or not all creditworthy borrowers have the opportunity to purchase a home. If working class families are locked out of homeownership, and we end up with a housing finance system that serves only the well-heeled, then we will have failed miserably.

“Historically, working class people have had access to private sector capital in order to purchase a home, with guarantees by the government to ensure affordability. The Administration’s plan, by emphasis and omission, suggests that this country’s commitment to ensuring homeownership for working families will be lessened.

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Privatization of Fannie & Freddie Dangerous & Reckless Without Adequate Oversight of Wall Street

By / / Press Releases / 2 minutes of reading

Ensuring affordable housing for millions of Americans should not be sole responsibility of the government 

Washington, DC — John Taylor, President & CEO, National Community Reinvestment Coalition, made this statement today on Administration and Congressional proposals for Fannie Mae and Freddie Mac:”Privatizing Fannie Mae and Freddie Mac will exacerbate problems in the housing market, not solve them. We must recognize that for 95% of Fannie and Freddie’s history they did a great job in assisting millions of Americans to purchase a home. If they go away, I fear we’ll see two marketplaces — one for the well heeled, and a more costly system of finance for everyone else.

“If the private market will enjoy the benefit of government guarantees, then there must be a strong duty to serve the affordable housing needs of the country. Putting Wall Street in the driver seat without adequate oversight and a commitment to affordable housing would be a mistake. We still don’t have adequate funding and authority for oversight by the SEC and other agencies to ensure that they behave responsibly.

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Full Conference Agenda

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Agenda as of 4-6-11* *Subject to Change   SUBJECT TRACK KEY ?Small Business & Job Creation ?Fair Housing, Fair Lending & Foreclosure Prevention ?Revitalizing Neighborhoods & Rebuilding Communities ?Policy & Regulatory Reform ?Fundraising, Communications & Capacity Building Wednesday, April 13, 2011 buy cymbalta online buy cymbalta online no prescription 9:00 AM – 12:00 AM |

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Conference Overview

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Join NCRC and leaders from business, government, community non-profits, media and academia April 13-16, 2011 in Washington, D.C. for cutting edge dialogue and hands-on trainings, workshops, plenaries and topical sessions on issues affecting America’s communities. online pharmacy ventolin no prescription Morning and Afternoon Plenary Sessions We bring national speakers to the stage to enlighten, inform

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Conference Speakers

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2011 Conference Speakers Download the Speaker Directory Speakers included U.S. Senator Jon Tester, U.S. Senator Al Franken, U.S. Representative Emanuel Cleaver, Thomas Perez, Assistant Attorney General, U.S. Dept. of Justice, Sheila Bair, Chairman, Federal Deposit Insurance Corporation and Donna Gambrell, Director, CDFI Fund. Download Speaker Presentations  

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FAQs

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1. How do I make hotel reservations? Call the Reservations Desk at the Washington Court Hotel. Mention the group name NCRC to get the conference rate of $248.00 single occupancy, $273.00 double occupancy The toll free number is: (800) 321-3010. 2. Distance From Airports? Regan National Airport (10 miles) | Dulles International Airport (35 miles)

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Hotel Information

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The 2011 conference venue is the Washington Court Hotel. The Washington Court Hotel is located on Capitol Hill only 3 blocks from the Capitol Building and 2 blocks from Union Station.   Reserve your place now. To secure accomodations for the 2011 NCRC Annual Conference, please contact the hotel by phone to book your room,

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Houston Minority Business Enterprise Center Opens its Doors in Downtown Houston

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NCRC extends its small business development initiatives to Houston via newly opened Houston Minority Business Enterprise Center Houston, TX— The National Community Reinvestment Coalition (NCRC) announced today the opening of the Houston Minority Business Enterprise Center (HMBEC). Located downtown in the Houston Technology Center at 410 Pierce Street, the HMBEC will provide training and technical

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NCRC Announces RFP for Initiative to Empower Older Adults

By / / Press Releases / 4 minutes of reading

 Addressing economic insecurity of older adults through regional organizing and advocacy groups

Washington, DC — The National Community Reinvestment Coalition (NCRC), with support from Atlantic Philanthropies, is pleased to announce its 2011 Request for Proposals (RFP) for National Neighbors Silver, an initiative to support and empower older adults nationwide.

As the United States suffers from historically high rates of foreclosure and unemployment, older adults across the nation are not only more numerous than past generations, but also more susceptible to financial insecurity and instability. Many older adults who lost their jobs during the economic crisis have been pushed out of the workforce and into early retirement.

“Many older Americans face new challenges in this economic environment. The sharp reduction in the value of most seniors’ primary asset — their home — means that many are now especially susceptible to financial insecurity. The National Neighbors Silver initiative will support participating regional organizations to directly tackle the root causes of the unique economic challenges faced by America’s older citizens,” said John Taylor, president and CEO of NCRC.

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National Neighbors Silver RFP

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National Neighbors Silver The National Community Reinvestment Coalition (NCRC) with support from Atlantic Philanthropies is pleased to issue this 2011 Request for Proposals (RFP) in a new initiative to support and empower older adults nationwide. In line with NCRC’s mission to increase fair and equal access to credit, capital, and banking services to underserved communities,

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FCIC Report Puts Blame Where It Belongs: On Wall Street & Regulators

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 Going Forward, Two Big Lessons Learned: Don’t Put the Fox in the Henhouse, and Regulation Matters

Washington, DC — John Taylor, President and CEO of the National Community Reinvestment Coalition, released this statement today about the Financial GSE picCrisis Inquiry Commission report and proposals to return the government-sponsored entities to the private sector without affordable housing goals:

This report puts the blame where it belongs on Wall Street and the federal regulators who looked the other way. It also puts to rest the myth that making capital available to low or moderate-income borrowers was a cause of the crisis.

While the report may be a day late and a dollar short, the lessons going forward are that regulators need the authority and the resources to stay on top of financial innovations and make sure risk taking does not become reckless. The other very important lesson is that regulation matters when it comes to protecting consumers.  There is an appropriate and necessary federal role in ensuring access to capital and markets for nontraditional borrowers, which is why the affordable housing goals must remain a part of the mission of the government-sponsored entities.

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The Hardest Hit Fund Reaches DC Residents via Newly Launched HomeSaver Program

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homesaver logo

NCRC’s Housing Counseling Network joins DC program to provide foreclosure prevention counseling to the unemployed

Washington, DC— the National Community Reinvestment Coalition’s Housing Counseling Network (NCRC HCN), a Housing and Urban Development (HUD) certified housing counseling organization, announced that it will provide housing counseling under the District of Columbia Housing Finance Agency’s (DCHFA) HomeSaver program. The DCHFA program will provide foreclosure prevention to an estimated 1,000 unemployed DC homeowners, and is funded by the $1.5 billion dollar Hardest Hit Fund Initiative created by the Obama administration last year.

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