Moving Communities Out of Racialized Asset Poverty
While there has been a growing widespread discussion concerning economic inequality at the national level, there has been less focus on best practices to address it on the local level.
From “Just a Job” to Executive Director
The CRASF membership works with financial institutions, state and local organizations as well as government to provide Community Reinvestment Act training and assistance, community advocacy, affordable housing, small business training and loan acquisition assistance.
Recent Research Shed Light on Minority Discouragement in Bank Small Business Lending
There have been multiple research reports recently that focused on the importance of lending for small businesses and provided a catalyst for further discussion.
NCRC President, Founder John Taylor Testifies at CFPB on Small Business Data
John Taylor, President and Founder of the National Community Reinvestment Coalition, testified today at the Consumer Finance Protection Bureau’s (CFPB) Symposium: Section 1071 of the Dodd-Frank Act.
NCRC President and Founder John Taylor’s Oral Testimony at the CFPB Symposium: Section 1071 of the Dodd-Frank Act, November 6, 2019
I’ve been asked to talk about the importance of small business data. I want to begin by sounding a warning we should all head. The income inequality in our country, the highest of any industrialized nation and the highest it has been in 50 years, is a festering calamity building towards an explosion of American
Statement of the National Community Reinvestment Coalition: Data Drives Access to Credit and Capital for Small Business
CFPB Symposium on Section 1071 Introduction – Importance of Small Business Loan Data The National Community Reinvestment Coalition (NCRC) appreciates this opportunity to comment on the importance of data in understanding and monitoring the small business lending market. NCRC is an association of 600 community-based nonprofit organizations dedicated to increasing access to credit and capital
Local Resolutions: One Tool in Supporting Appropriate CRA Reform
Though the debate regarding the future of the CRA is with the federal regulators, we should not, and cannot, forget the role of our local communities and local governments, as they have the most to lose from potential changes to this vital law.
California Reinvestment Coalition, National Community Reinvestment Coalition and CIT Announce $7.75 Billion Community Benefits Plan
Lending and investments would total $7.75 billion over the 2020 to 2023 period and align with the combined retail branch footprint in Arizona, California, Colorado, Florida, Hawaii, Kansas, Nebraska, Nevada and Texas.
NCRC’s Community Benefits Agreement Is Helping LHOME Bring Fair Lending to Louisville
Becoming a Community Development Financial Institution (CDFI) has allowed the Louisville Housing Opportunities and Micro-Enterprise Community Development Loan Fund, Inc. (LHOME), a NCRC member organization, to provide affordable housing and facilitate small business startups in low- to moderate-income (LMI) areas of the city.
Member Spotlight: Sacramento Housing Alliance
In this Q&A, SHA Director of Public Policy Veronica Beaty discusses the importance of affordable housing and the organization’s recent policy objectives.
Fair Housing Advocates Submit Comment Letter to HUD on Disparate Impact
The National Community Reinvestment Coalition (NCRC) and 45 additional community and fair housing organizations have submitted a joint comment letter to the U.S. Department of Housing and Urban Development (HUD) encouraging the department to maintain the disparate impact standard, which the agency has proposed to weaken.
NCRC’s Disparate Impact Letter to HUD
(Download) October 18, 2019 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-2019-0067 FR-6111-P-02 HUD’s Implementation of the Fair Housing Act’s Disparate Impact Standard Dear Assistant Secretary Farias: The National Community Reinvestment Coalition (NCRC) is committed to
2019 Just Ambitious Awards
NCRC’s DC Women’s Business Center (WBC) celebrated women entrepreneurs at the 2019 Just Ambitious Small Business Awards ceremony on October 9!
Comment Letter on Advanced Notice of Proposed Rulemaking on HMDA Data Points
October 15, 2019 Comment on Advance Notice of Proposed Rulemaking (ANPR) Concerning HMDA Data Points Docket No. CFPB-2019-0020 To Whom It May Concern: The undersigned organizations (55 national and local organizations) oppose any dilution or diminishment of the new and enhanced Home Mortgage Disclosure Act (HMDA) variables added by the 2015 final rule issued by
Comment Letter on Notice of Proposed Rulemaking Concerning Which Lenders Report Data
October 15, 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 (214 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. As
Reparations Can Help Bridge The Racial Wealth Divide
Ever since the abolition of slavery more than 150 years ago, African Americans have been suffering from oppressive structures that uphold poverty. These enduring systems have resulted in the income and wealth disparities between Black and White communities we see today
Latinos, the Racial Wealth Divide and Rebuilding the American Middle Class
As National Hispanic Heritage Month comes to a close, the National Community Reinvestment Coalition (NCRC) developed a Latino Racial Wealth Snapshot to reflect on the diversity, culture and socioeconomic challenges facing the nation’s largest ethnic group of color. With a total of 58.8 million (foreign-born: 36%; native-born: 62%), the Latino community ranks at 18.1% of the U.S.
Racial Wealth Snapshot: Latino Americans
Defining Hispanic and Latino In census data, Hispanic is the term most often used to describe the ethnicity of the people in the United States from Spanish speaking countries. However, it is most often thought of as a person from or has ancestry in Latin America, excluding people from Spain. The term Latino, shorthand for
Member Spotlight: Q&A with José Antonio Ramírez
To honor our Hispanic and Latino members during Hispanic Heritage Month, we’re shining the spotlight this month on four leaders whose work embodies what it means to give everyone in our communities a chance at economic justice.
How the Racial Wealth Divide is Weakening the American Middle Class
Stronger data, better monitoring and bold policy proposals are needed to address the national crisis of racial wealth inequality. 2020 must be the year the nation starts to turn back the ongoing racial wealth divide.
Member Spotlight: Q&A with Angel Figueroa
To honor our Hispanic and Latino members during Hispanic Heritage Month, we’re shining the spotlight this month on four leaders whose work embodies what it means to give everyone in our communities a chance at economic justice. Angel Figueroa is the co-founder, Chief Executive Officer (CEO) and Chief Operations Officer (COO) of the I-LEAD Charter
Starved!: Significant Mortgage Lending Disparities Still Persist
Executive summary The National Community Reinvestment Coalition (NCRC) analyzed recent mortgage and small business lending activity in areas that were categorized and “redlined” by the Home Owner’s Loan Corporation (HOLC) during the 1930s. HOLC examiners were sent to over 200 cities 80 years ago to determine the risk associated with neighborhoods. This information was used
National Community Reinvestment Coalition’s Written Testimony for the U.S. House Financial Services Committee’s Diversity and Inclusion Subcommittee Hearing, ‘Examining the Racial and Gender Wealth Gap in America,’ Washington, DC, September 24, 2019
Good afternoon, thank you for inviting me here as Chief of Race, Wealth and Community of the National Community Reinvestment Coalition (NCRC) to speak about the racial wealth divide and what must be done to address this critical issue. NCRC was formed in 1990 and has grown into an association of more than 600 community-based
Member Spotlight: Q&A with Aidza Antonio Thomas
To honor our Hispanic members during Hispanic Heritage Month, we’re shining the spotlight this month on four leaders whose work embodies what it means to give everyone in our communities a chance at economic justice.
Unusual Homeownership Project Provides Hope of Affordability for Working-Class Individuals and Families
The Central Ohio Community Land Trust (COCLT), a subsidiary of the Central Ohio Community Improvement Corporation (COCIC), has signed an agreement with NCRC Housing Rehab Fund to build 20 new homes in the Near Eastside and Southside neighborhoods.
