Download Infographic Introduction The United States has more immigrants than any country in the world. In 2018, approximately 44.7 million immigrants lived in the United States, accounting for 13.7% of the country’s population. Although immigration has always played a key role in the history and the making of the United States, from the colonial era
Habitat for Humanity of Greater Charlottesville builds homes in partnership with low-income families, volunteers and members of the community, and sells them to those low-income families with affordable mortgages.
National Findings Affirm Local Experiences Last week, a team of researchers from NCRC, the University of Wisconsin-Milwaukee School of Public Health and University of Richmond Digital Scholarship Lab produced a report with maps and data from 142 cities that showed how historic discrimination in lending and investing in entire neighborhoods correlates with shorter life expectancy
The Consumer Financial Protection Bureau (CFPB) released yesterday an outline of proposals under consideration to collect data on lending to small businesses and help identify and address discrimination.
The National Community Reinvestment Coalition has hired Marisa Calderon as executive director of the NCRC Community Development Fund, which provides loans for housing, small business and other community development needs in low- and moderate-income communities. Calderon, based in California, was executive director at the National Association of Hispanic Real Estate Professionals (NAHREP) and authored their
The agencies should not undermine the effectiveness of CRA by designing new exams that do not effectively hold banks accountable for meeting credit needs of local communities.
Joint Comment: Final Qualified Mortgage (QM) Rule Must Effectively Protect Consumers and Promote Access to Responsible Mortgage Credit
(Download) Thank you for the opportunity to comment on the Consumer Financial Protection Bureau’s (CFPB’s) qualified mortgage (QM) proposed rule. Given CFPB’s decision to end the GSE patch, we believe that a price-based approach is an appropriate and effective method to determine QM status. However, additional safeguards are necessary to ensure that the final rule
NCRC, Morgan Stanley announce $15 billion plan to increase lending and investments in lower-income communities
Today, the National Community Reinvestment Coalition (NCRC) and Morgan Stanley (NYSE: MS) announced a $15 billion, four-year community benefits plan that will increase the financial services company’s lending and investments in lower-income communities.
Executive Director of Community Development Fund 202.464.2707 firstname.lastname@example.org Marisa Calderon is the executive director of NCRC Community Development Fund and a housing and financial services industry veteran. Calderon has been ranked on the Swanepoel Power 200 as one of the most powerful leaders in the residential real estate industry and named one of HousingWire’s 2018
It’s not too simple to say that governmental housing policies that endorsed and promoted segregation and racism had a profound and lasting legacy that we can still see in the landscape of American cities today.
Study: More chronic disease, shorter lifespans and greater risk factors for COVID-19 in neighborhoods that were redlined 80 years ago
Before the pandemic devastated minority communities, banks and government officials starved them of capital.
Like most American cities, Memphis has a long history of racist housing and environmental policies. As this report from NCRC and its university partners shows, this history has real world impacts today, resulting in worse health outcomes for Black neighborhoods, shorter lifespans, poorer overall health and greater risk of several complications due to COVID-19.
With Grandparents Day fast approaching this Sunday, September 13, is a time to honor the role grandparents play, as well as call attention to the adverse effects the current coronavirus pandemic poses to older adults.
Project Director, DC Women’s Business Center email@example.com 202.524.4874 Heidi Sheppard has extensive experience working to support economic development efforts ranging from entrepreneurial assistance to manufacturing communities to technology transfer. She served on the Partnership Team at the National Institute of Standards and Technology’s Manufacturing Extension Partnership (MEP) developing strategic partnerships with other federal agencies
The Trump Administration has attacked one of the most vital pieces of civil rights legislation, the Fair Housing Act, on multiple fronts in the last several weeks. They gutted the Affirmatively Furthering Fair Housing rule that enforces fairness in housing. Now, they are effectively eliminating the disparate impact standard in fair housing cases.
Director of Policy 202.524.4889 firstname.lastname@example.org Tom Feltner joined NCRC as Director of Policy in September 2020 with nearly twenty years of policy development, research and communications experience at economic justice organizations. Before joining NCRC, Tom was executive vice president at the Center for Responsible Lending, where he led the organization’s applied research program, including original
September 3rd, 2020 National Community Reinvestment Coalition 740 15th St. NW Washington, DC 20005 Brian Brooks Acting Comptroller of the Currency 400 7th St SW Washington, DC 20219 Re: Comments on Proposal “National Banks and Federal Savings Associations as Lenders” Docket ID: OCC-2020-0026 RIN 1557-AE97 Honorable Acting Comptroller Brooks: The undersigned respectfully submit this comment
September 3rd, 2020 The National Community Reinvestment Coalition 740 15th St. NW Washington, DC 20005 Brian Brooks Acting Comptroller of the Currency 400 7th St SW Washington, DC 20219 Re: Comments on Proposal “National Banks and Federal Savings Associations as Lenders” Docket ID: OCC-2020-0026 RIN 1557-AE97 Dear Mr. Brooks: We strongly oppose the Office of
As COVID-19 disproportionately affects BIPOC and police violence perpetuates devastation to families and communities of color, local governments across the country are acknowledging racism as a public health crisis through public declarations.
CRA for the Securities Industry: A Tool for Combating Wealth Inequality and for Increasing Accountability
If it remains confined to banks, CRA will miss opportunities to make sure that securities services are offered equitably to low- and moderate-income communities.
Comment to the Federal Housing Finance Agency on Enterprise Regulatory Capital Framework Thank you for the opportunity to comment on the Federal Housing Finance Agency’s (FHFA’s) re-proposed rule on capital requirements for Fannie Mae and Freddie Mac (the governmentsponsored enterprises, or GSEs). In our view, the proposed rule erroneously treats the GSEs as banks and
Richard Rothstein outlines what’s necessary to reproach residential segregation in NCRC’s Just Economy Series.
if the Community Reinvestment Act (CRA) remains confined to banks, our nation’s underserved neighborhoods will have a harder time revitalizing. Banks are one part of the total financial industry and a shrinking part at that.