Homeownership Rates & Median Income per Latino Nationality
Homeownership Rates & Median Income per Latino Nationality Read More »
Civil Rights, Consumer Protection, and Housing Policy Organizations Applaud Senator Raphael Warnock’s Introduction of the $100 Billion Downpayment Toward Equity Act, Call for Its Immediate Passage
(Washington, D.C.) — Following Senator Raphael Warnock’s (D-GA) introduction of the Senate companion to the Downpayment Toward Equity Act, which would allocate $100 billion in funding for first-time homebuyers, the National Fair Housing Alliance, the National Coalition for Asian Pacific American Community Development, the National Urban League, the National Community Reinvestment Coalition, the Center for Responsible Lending, UnidosUS, and the Leadership Conference on Civil and Human
The Injustice of Redlining
The Injustice of Redlining For decades, starting at least in the 1930’s, low-income and minority communities were intentionally cut off from lending and investment through a system known today as redlining. Today, those same neighborhoods suffer not only from reduced wealth and greater poverty, but from lower life expectancy and higher incidence of chronic diseases.
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Social Determinants of Health Caucus – Request for Information Letter
(Download) Attn SDOH Caucus Co-Chairs: Congresswoman Cheri Bustos Congressman G.K. Butterfield Congressman Tom Cole Congressman Markwayne Mullin RE: Social Determinants of Health Caucus – Request for Information Dear Members of Congress: Please accept this response to the Request for Information from the Congressional Caucus on Social Determinants of Health, on behalf of the National Community
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Racial Wealth Snapshot: Latino Americans
Latinos are the largest community of color and fastest-growing native born demographic in the United States.
Racial Wealth Snapshot: Latino Americans Read More »
Adding Robust Consideration of Race to Community Reinvestment Act Regulations: An Essential and Constitutional Proposal
It is time for regulators to incorporate an explicit focus on race in core CRA regulations and examination procedures. This should and can be done in a manner that complements, and does not in any way supplant, the longstanding focus on LMI.
Business Structure may have been a Barrier to the Paycheck Protection Program and Access to Credit
From October 23, 2020, to December 29, 2020, the National Community Reinvestment Coalition (NCRC) surveyed small business owners in nine Metropolitan Statistical Areas (MSA). The data collected in the survey provided insight into accessing capital for small businesses as this program had fewer entry barriers than traditional loan products.
Business Structure of Small Businesses May Matter More Than We Knew
The Paycheck Protection Program (PPP) was a small business lending program created by Congress in 2020 to provide loans to save businesses from the economic impacts of the COVID-19 pandemic. There were two characteristics of this program that made it unique. First, a PPP loan could convert to a forgivable grant if the business spent
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Fact Sheet on Section 1071 Small Business Loan Data
What is Section 1071 Data? The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 included Section 1071, which[1] mandated the collection and dissemination of data on applicants for loans to small businesses and women- and minority-owned firms. The Consumer Financial Protection Bureau (CFPB) was designated to collect the data. The statutory purpose of
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The FDIC Should Prevent Rakuten From Getting A Banking Charter
If the Federal Deposit Insurance Corporation (FDIC) approves Rakuten Bank America’s application for an industrial loan company (ILC) charter, it would trigger a cascading series of problems that would add risk to our banking system at a time when all federal agencies should focus on reorienting the country toward an equitable recovery and a just
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NCRC, CRL, and NCLC File Joint Letter Opposing Acquisition of Liberty Bank
(Download) August 24, 2021 Janet Kincaid Deputy Regional Director Federal Deposit Insurance Corporation 25 Jessie Street at Ecker Square Suite 2300 San Francisco, CA 94105 RE: Change in Control, KMD Partners, LLC to acquire Liberty Bank, Inc. Dear Ms. Kincaid: We ask the FDIC not to approve the application from KMD Partners, LLC to acquire
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NCRC Comment on HUD’s Proposed Disparate Impact Rule
(Download) August 24, 2021 Office of General Counsel Rules Docket Clerk Department of Housing and Urban Development 451 Seventh Street SW, Room 10276 Washington, D.C. 20410-0001 Re: Docket No. HUD-2021-0033 FR-6251-P-01 Reinstatement of Discriminatory Effects Standard Dear Assistant Secretary Worden: The National Community Reinvestment Coalition (NCRC) and the undersigned organizations would like to applaud the
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2020 HMDA Preliminary Analysis
HMDA is a crucial tool for the public and local leaders to monitor the mortgage market and ensure lenders are not redlining in their communities.
2020 HMDA Preliminary Analysis Read More »
NCRC Joint Membership with PCRG
joint membership DISCOUNT Two Great Things that Go Great Together National Community Reinvestment Coalition (NCRC) and Pittsburgh Community Reinvestment Group (PCRG) members are eligible for a joint membership discount. Become a member of both organizations and enhance your knowledge and power to create and support sustainable solutions for economic justice in your neighborhood and across
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Undoing Structural Racism: The Need for Systemic Change in Housing Policy
A systemic approach is needed if decades of systemic racism in housing is to be successfully combated, according to the authors of a new compendium of essays published by the Poverty and Race Research Action Council (PRRAC).
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