NCRC

U.S. Department of Housing and Urban Development, January 24, 2022, HUD Awards More Than $51 Million In Grants to Support Housing Counseling Programs, Partnership With Minority Serving Institutions, and Training The U.S. Department of Housing and Urban Development (HUD) on Monday awarded $51.4 million in housing counseling grants to 177 HUD-approved housing counseling agencies and intermediary […]

Politico, January 24, 2022, ‘Big shift’: Biden moves to rewrite the rules on climate threat The nation’s top financial regulators will soon embark on a controversial, first-of-its-kind mission: forcing banks and other industry players to prepare for potential threats to the U.S. financial system from climate change. Now, Democrats will have the pen to update

American Banker, January 24, 2022, New York Community unveils investment plan tied to Flagstar deal New York Community Bancorp has reached an agreement with a key community advocacy group as it seeks to pave the way for approval of its merger with Flagstar Bancorp. Under the deal with the National Community Reinvestment Coalition, New York

St. Louis American, January 21, 2022, Protest over Jefferson Bank merger yields new branches Illinois-based First Mid Bank & Trust has agreed to operational improvements, including making small business loan subsidies and establishing branches in underserved areas, in response to criticism that threatened to derail its proposed merger with Jefferson Bank and Trust. Advocacy groups,

CVS Health: January 21, 2022, CVS Health to invest $6.5 million in affordable housing in Denver CVS Health® (NYSE: CVS) today announced it will invest $6.5 million with Boston Financial Investment Management to build a 36-unit permanent supportive housing community, known as Charity’s House Place, for individuals experiencing homelessness and people with physical, intellectual, and/or developmental disabilities in the

American Banker, January 21, 2022, BankThink Stop asking borrowers if they’ve ‘ever’ been charged with a crime A National Community Reinvestment Coalition evaluation of small-business loan applications from a sample of seven banks in Washington, D.C., revealed that some lenders discriminate against applicants who have been charged at any time in their lives with a

CDFI Coalition: January 5, 2021, Testimony of John Holdsclaw IV, Executive Vice President, National Cooperative Bank and President, CDFI Coalition before the Subcommittee on Housing and Community Development of the Senate Committee on Banking, Housing, and Urban Affairs, Exploring How Community Development Financial Institutions Support Underserved Communities My name is John Holdsclaw, IV, President of

Markets Insider: January 20, 2022, The homeownership gap between Black and white Americans hasn’t been this wide in 100 years A 1968 law was meant to close the gap between Black and White homeowners — more than 50 years later, it’s the widest it’s ever been. That’s according to a new study by the National Community Reinvestment Coalition