Jason Richardson

KeyBank’s Betrayal Of Black And Low-Income Homebuyers Continued In 2022

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KeyBank continued its years-long retreat from promoting Black and low-income homeownership in 2022, an analysis of the most recent federal data on mortgage lending reveals. Black borrowers made up just 2.6% of the Cleveland-based bank’s home purchase mortgage lending in 2022, down from 3% the year prior. KeyBank has been pulling back from supporting Black […]

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The Racial Wealth Divide and US Black Billionaires

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When the first Black billionaires emerged, most stemmed from the entertainment industry.  In 2001, Black Entertainment Television cofounder Bob Johnson was the world’s wealthiest Black person with an estimated net worth of $1.6 billion. By 2021, Johnson’s estimated fortune had fallen by more than half – meaning he no longer appeared on annual magazine lists

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New Report On Federal Home Loan Banks Can Be Springboard To Much-Needed Reforms

By / / Press Releases / 2 minutes of reading

A rich new federal report assessing the Federal Home Loan Bank (FHLB) system will help the public and policymakers achieve effective reforms to improve the FHLBs’ future performance, community advocates said Wednesday. “Government support is crucial in closing the racial homeownership divide, but the dollars deployed through the FHLB system are too often captured on

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Questions About The New CRA Rules? Join NCRC For A Conversation With Michael Barr, Martin Gruenberg And Michael Hsu

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Federal Reserve Vice Chair for Supervision Michael Barr, FDIC Board Chairman Martin Gruenberg and Acting Comptroller of the Currency Michael Hsu will discuss the new Community Reinvestment Act (CRA) rules in a live conversation with National Community Reinvestment Coalition (NCRC) President and CEO Jesse Van Tol next Friday, November 3rd. Interested parties can register for

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NCRC Statement On Final CRA Rules Release 

By / / Press Releases / 3 minutes of reading

In response to the release Tuesday of final interagency regulations overhauling implementation of the Community Reinvestment Act (CRA) for the first time in 28 years, National Community Reinvestment Coalition (NCRC) President and CEO Jesse Van Tol released the following statement: “This update is both long overdue and essential. Marginalized communities still suffer from a variety of

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Roundup: Highlights From The Just Economy Regional: Mountain West Summit

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This week, 200 community economic development advocates gathered in Denver to explore challenges, data, solutions and opportunities to create a just economy across Colorado, Arizona, New Mexico, Utah and Indian Country.  Summit attendees heard a rich mixture of personal reflections and practical insights from regional leaders like Denver Mayor Mike Johnston, Denver International Airport CEO

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