Mobile Session: Equity in Art

A grassroots movement took hold in Downtown Silver Spring, Maryland, over 10 years ago with the sole purpose of creating an economically, racially and culturally diverse “suburban” town center. This community continues to emerge “as the place to be” for people at all income levels. In December 2001, Downtown Silver Spring successfully earned its Arts […]

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Strategies for preventing displacement

As we all work to further develop our local neighborhoods, we must ensure that the long-term residents and businesses of rising communities can afford to live and enjoy the benefits of our work to create a #JustEconomy. This session will go over strategies to prevent displacement that have been successfully used by groups around the […]

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What’s next in Community Reinvestment Act reform?

In 2018, NCRC and hundreds of its members led a nationwide campaign called #TreasureCRA, urging the administration and the federal bank agencies to strengthen the Community Reinvestment Act (CRA). We still have big questions about the changes needed to keep pace with technology and the transforming financial industry. We will have a lively discussion among […]

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There is no wealth without mental health

Poverty is an overwhelming risk factor for poor mental health. Healthy communities often focus on the connection between physical health and place. Far fewer have connected place to mental, emotional and behavioral well-being. Local efforts from Oakland to Baltimore illustrate the community-wide health equity benefits of cross-sector partnerships – such as trauma-informed systems, reduction of […]

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Yep, predatory lending still exists

Recent deregulation has caused a return of predatory products flooding the marketplace, including NINJA financing and auto, payday and PACE loans with exorbitant pricing. These products continue to be problematic for borrowers and prey on LMI and communities of color. We will explore how these products can continue to be prevalent 10 years after the […]

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By 2021, big changes for interest rates could spell trouble for borrowers

By 2021, the most popular and widely-used interest-rate benchmark, the London Interbank Offered Rate (LIBOR), will no longer exist as a benchmark for the $2 trillion in outstanding loans in the United States. In its place will most likely be the Secured Overnight Financing Rate (SOFR), which is broadly considered to be more robust and realistic than LIBOR. Nearly every borrower in the country that is paying off debt that is set based on the LIBOR will be affected by this change.

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Home lending to LMI borrowers and communities by banks compared to non-banks

Introduction As the federal bank agencies consider Community Reinvestment Act (CRA) reform, data on the patterns of lending to low- and moderate-income (LMI) borrowers and neighborhoods will help inform needed changes. For example, if non-banks not covered by CRA were found to be making significantly higher percentages of loans to LMI borrowers or neighborhoods than […]

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New report details policy proposals to bridge the racial wealth divide

The racial wealth divide is greater today than it was nearly four decades ago and trends point to its continued widening. A new report, “Ten Solutions to Bridge the Racial Wealth Divide,” released by the Institute for Policy Studies and Kirwan Institute for the Study of Race and Ethnicity, with the National Community Reinvestment Coalition, takes stock of the problem and offers ten bold solutions.

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Gentrification: A mixed bag in historic Richmond, Virginia, neighborhood

The primarily African American Jackson Ward neighborhood in Richmond, Virginia, has been swiftly gentrified. While some historical aspects have been forgotten, other areas have seen promising improvements. Overall, the changes to this community have been a mixed bag as some community members have benefited from the changes to home wealth, while others have been forced out.

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Testimony of Jesse Van Tol, CEO, National Community Reinvestment Coalition, April 9, 2019 – Consumer Protection and Financial Institutions Subcommittee

The Community Reinvestment Act: Assessing the Law’s Impact on Discrimination and Redlining   Table of Contents Introduction: Public input and accountability are the keys to CRA’s successCRA needs an update, but care must be taken to keep exams focused on underserved and local communitiesResearch and data demonstrate CRA’s success in combating redlining Legislative and regulatory […]

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The CFPB’s consumer complaint database tells a story about our economy we need to hear

There is a little known public database of complaints about financial institutions that is garnering a lot of criticism from some banks and regulators. Despite this criticism, highly valuable information can be gleaned from these complaints that can help banks and other financial institutions better serve their customers. In 2010, when the Dodd-Frank Wall Street […]

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NCRC looks forward to working with the new FHFA Director on affordable housing

Yesterday, the U.S. Senate confirmed Mark Calabria as the new director of the Federal Housing Finance Agency (FHFA). Jesse Van Tol, CEO of the National Community Reinvestment Coalition (www.ncrc.org), made the following statement: “I want to congratulate Mark Calabria on his confirmation. We have worked with him over the years. “There have been numerous announcements […]

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Health equity and anchor institutions

Hospital systems, like banks and financial institutions, must invest in communities. With strong motivation from the Affordable Care Act, more hospital systems are collaborating successfully with community-based organizations to make long-lasting progress towards health equity. This session dives into the ways community groups can partner, conduct assessments, build community support and launch task forces to […]

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Request for information on FDIC’s deposit insurance application process

RIN 3064-ZA03 March 29, 2019 To Whom it May Concern: The National Community Reinvestment Coalition (NCRC) appreciates the opportunity to respond to the FDIC’s request for information regarding the application process for deposit insurance. As a coalition of 600 community-based organizations, NCRC believes that a clear and transparent process for deposit insurance applications is critical […]

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Everybody under one roof: Multigenerational housing

The rise of multigenerational families is creating an emerging demand across the country for housing that meets the needs of all ages and abilities due to rent burdens, aging parents with older housing stock, health concerns, caregiving, wage stagnation and cultural norms. Communities are juggling the need to renovate traditional housing units while maintaining affordability […]

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