The pandemic changed life for everyone, and for some people, that included shacking up with a few familiar faces. Living with multiple generations under one roof is becoming increasingly popular, and it’s influencing what buyers look for in a house. So why is multigenerational living on the rise?
Vox: Multigenerational living is making a comeback Read More »
It was unclear whether the Biden administration would remove Laura Wertheimer after separate leadership changes last week at the Federal Housing Finance Agency
To justify its big investment in the L.I.R.R., New York needs to force Long Island communities to make room for more housing.
The New York Times: Opinion | Is This Railroad for the Rich? Read More »
There’s something to be said for talking, and listening, to even unreasonable antagonists
The New York Times: Opinion | ‘How Can You Hate Me When You Don’t Even Know Me?’ Read More »
Washington, D.C.’s children should learn about Black history in the District.
No part of President Biden’s agenda has been as ambitious as his attempt to place concerns about equity squarely at the center of the federal government’s decision-making
A report released recently draws attention to an under-utilized program that, if scaled up, could meet tremendous demand for greater homeownership opportunities and begin to repair the damage of racist policies that have created housing inequity for decades. The report, authored by the Chicago Area Fair Housing Alliance (CAFHA), draws on interviews, surveys, and administrative records focused on the relatively unknown public housing authority homeownership program that is embedded within the better-known housing choice voucher (formerly known as Section 8) program.
“We cannot stand by and allow algorithms to resurrect old biases in new packages, or introduce new forms of discrimination hidden in proprietary code.” —National Community Reinvestment Coalition CEO Jesse Van Tol, joining fintechs PayPal, Square and others in a call for more guidance on how AI should be used in lending.
Protocol: Robinhood’s Secret Weapon Could Also Be Its Undoing Read More »
Last year, the advocacy group National Community Reinvestment Coalition raised concerns about this trend after tallying up more than 13,000 closures, or 14% of all branches, between 2008 and 2020. It issued a report that noted that such closures often disproportionately impact rural, low-income, and minority communities where few branches might have existed in the first place.
Star Tribune: Digital banking at U.S. Bank sped up during pandemic Read More »
Senator Cory Booker (D-NJ), along with Rep. Lisa Blunt Rochester (D-DE) and Rep. Steven Horsford (D-NV) recently re-introduced The Break the Cycle of Violence Act in the 117th Congress.
Essence: Lawmakers Introduce Legislation to Tackle Violence With Community Investment Read More »
Director of Fair Lending at National Community Reinvestment Coalition Anneliese Lederer said that there were certain barriers that caused the PPP loan disparity, including a lack of existing relationships with banks, banks discouraging Black and Latinx people from applying for loans, inequality in outreach and an initial rule that did not allow people with criminal records or who had defaulted on student loans to benefit from the PPP program.
Daily Trojan: Local business struggles due to losses from pandemic Read More »
The legislation was supported by a wide array of stakeholder and consumer protection groups including: a bipartisan group of 25 State Attorneys Generals, Americans for Financial Reform, the Conference of State Bank Supervisors, the Faith for Just Lending Coalition, Center for Responsible Lending, National Consumer Law Center (on behalf of its low-income clients), Consumer Federation of America, the Military Officers Association of America, the Leadership Conference on Civil and Human Rights, the National Association of Consumer Advocates, the National Association of Federally-Insured Credit Unions, Appleseed Foundation, Consumer Action, National Community Reinvestment Coalition, UnidosUS, U.S. PIRG, and the Woodstock Institute.
Just recently, Wells Fargo announced that it selected City First Enterprises, ECDC Enterprise Development Group, Latino Economic Development Center, National Community Reinvestment Coalition, Washington Area Community Investment Fund to join Local Initiatives Support Corporation D.C. to receive grants from the fund.
Wtop: DC small businesses emerge from COVID with help from nonprofits & Wells Fargo Read More »
The repeal is supported by various stakeholders and consumer protection groups, including a bipartisan group of 25 State Attorneys Generals, the Conference of State Bank Supervisors, the Faith for Just Lending Coalition, Center for Responsible Lending, National Consumer Law Center, Consumer Federation of America, the Military Officers Association of America, the Leadership Conference on Civil and Human Rights, the National Association of Consumer Advocates, the National Association of Federally-Insured Credit Unions, Appleseed Foundation, Consumer Action, National Community Reinvestment Coalition, UnidosUS, U.S. PIRG, and the Woodstock Institute.
Financial Regulation News: House approves repeal of Trump-era True Lender Rule Read More »
The city has partnered up with the NCRC Housing Rehab Fund, LLC (NCRC HRF), known as GROWTH by NCRC, for the Oak Hill project, a multi-million dollar development to help low to moderate-income families become homeowners.
CBS 42: New affordable housing project underway in Ensley Read More »
