Wealth equity includes health equity
NCRC will host a live webinar on September 5 about the role of health anchors and collaborative initiatives between hospital systems and community stakeholders.
Wealth equity includes health equity Read More »
Don’t diminish the importance of homeownership in CRA reform
With proposed changes to Community Reinvestment Act rules expected in late summer or early fall, we must remind federal regulatory agencies not to diminish the importance of home mortgage lending in CRA exams.
Don’t diminish the importance of homeownership in CRA reform Read More »
What you need to know about income inequality
While many economic indicators are better than they have been in years, leading to recently published reports asserting that income inequality is not as bad as we have been told, many people are working multiple jobs just to get by.
What you need to know about income inequality Read More »
Letter to the White House on affordable housing
(Download) July 30, 2019 President Donald J. Trump The White House 1600 Pennsylvania Avenue NW Washington, DC 20500 Dear President Trump: There have been a number of recent actions by the White House signaling the first real semblance of an Administration policy on affordable housing and homeownership. At the outset, we want to thank your
Letter to the White House on affordable housing Read More »
An evaluation of assessment areas and community development financing: Implications for CRA reform
(Download) INTRODUCTION The Community Reinvestment Act (CRA) has leveraged trillions of dollars of loans, investments and services for low- and moderate-income (LMI) borrowers and communities. Since 1996, banks have made more than $1 trillion in community development loans, which finance affordable housing, economic development projects and community facilities for LMI communities. Likewise, banks have issued
Why giant bank mergers like SunTrust and BB&T matter
Banks often tout the benefits of merging. The result depends on a variety of factors.
Why giant bank mergers like SunTrust and BB&T matter Read More »
Trump’s plan to throw 55,000 children out of their homes
The government’s own analysis shows that more than 55,000 children — who are U.S. citizens or otherwise eligible to receive housing benefits — could face eviction under the proposed rule. In 1968 — just a week after Martin Luther King, Jr.’s assassination — Congress passed the Fair Housing Act, or FHA. The law secured everyone’s
Trump’s plan to throw 55,000 children out of their homes Read More »
BB&T, SunTrust and NCRC announce $60 billion community investment commitment for new Truist bank
BB&T Corporation (NYSE: BBT), SunTrust Banks, Inc. (NYSE:STI) and the National Community Reinvestment Coalition (NCRC) today announced the creation of a three-year, $60 billion community benefits plan for the region served by Truist Financial Corporation, the combined company to be created through the proposed merger of the two banks. The plan, based upon discussions between
What to do when a storm hits your community
Storms hit our member communities ever year. Other members will be available to offer assistance to those hit hardest. Here are some disaster preparedness and recovery suggestions.
What to do when a storm hits your community Read More »
Comment on HUD’s Opportunity Zone policy
(Download) June 17, 2019 Public Finance and Regulatory Analysis Division Office of Policy Development and Research Department of Housing and Urban Development 451 7th Street SW, Room 8216 Washington, DC 20410-0500 Via Federal eRulemaking Portal Re: Docket No. FR–6155–N–01 Request for Information Review of HUD Policy in Opportunity Zones  Dear Secretary Carson: On behalf of
Comment on HUD’s Opportunity Zone policy Read More »
The purpose and design of the Community Reinvestment Act (CRA): An examination of the 1977 hearings and passage of the CRA
A version of this article appeared first in Conference of Consumer Finance Law, Quarterly Report, Vol. 72, No. 4 Introduction In 2019, the Community Reinvestment Act (CRA) will be forty-two years old.[1] Â Congress enacted the CRA in 1977 as a community development initiative that sought to leverage the financial resources of private sector institutions. Â Senator
Notice of proposed rulemaking, HMDA reporting thresholds
(Download) June 12, 2019 Docket No. CFPB-2019-0021 or RIN 3170-AA76 Notice of Proposed Rulemaking, HMDA Reporting Thresholds To Whom it May Concern: The undersigned organizations (158 national and local organizations) oppose the proposal of the Consumer Financial Protection Bureau (CFPB) to exempt thousands of lending institutions from reporting the Home Mortgage Disclosure Act (HMDA) data.
Notice of proposed rulemaking, HMDA reporting thresholds Read More »
NCRC comment letter on Robinhood’s charter application
May 29 2019 RE: NCRC Comment Letter on Robinhood’s Charter Application To Whom it May Concern: The National Community Reinvestment Coalition (NCRC) maintains that Robinhood’s charter application has not demonstrated a significant commitment to meeting the convenience and needs of the community to be served as required by the Community Reinvestment Act (CRA) and the
NCRC comment letter on Robinhood’s charter application Read More »
Unfair housing under the Trump administration
On April 11, 1968, following Martin Luther King Jr’s assassination, Congress passed the Fair Housing Act (FHA) which was designed to secure the right to housing no matter their race, color, national origin, disability, familial status, sex or religion. The FHA protects people from discrimination when they are renting or buying a home, getting a
Unfair housing under the Trump administration Read More »
An examination of high-cost lending by banks, non-banks, credit unions
A previous NCRC analysis found that, overall, a higher percentage of banks made a higher percentage of home loans to low- and moderate-income (LMI) borrowers and communities than non-banks and credit unions. However, access to home loans is only half the battle. We also need to have information on the affordability of loans to get
An examination of high-cost lending by banks, non-banks, credit unions Read More »