A Literature Review of Poverty, Race and Gender Among Older Adults
An individual’s well-being and long-term financial sustainability is derived from the ability to build and acquire assets, such as savings, homes, cars or businesses. Around 55% of Americans live in asset-poverty which means they lack sufficient wealth to sustain a livelihood above the poverty level for at least 3 months.
NCRC Comment Letter on HUD’s Proposed Rulemaking on the Equal Access Rule
September 22, 2020 Regulations Division, Office of General Counsel, Department of Housing and Urban Development, 451 7th Street SW, Washington, DC 20410-0500. Re: HUD Docket No. FR-6152-P-01 Making Admission or Placement Determinations Based on Sex in Facilities Under Community Planning and Development Housing Programs Dear Secretary Carson: The National Community Reinvestment Coalition is vehemently opposed
Civil rights and consumer advocacy groups support Federal Reserve steps to update CRA rules
On Monday, the Federal Reserve Board of Governors approved a process to revise the rules banks must follow to comply with the Community Reinvestment Act (CRA), and an Advanced Notice of Proposed Rulemaking (ANPR) to begin that process.
NCRC Comment on Formative Application to OCC
(Download) September 23rd, 2020 John O’Brien Licensing Manager Office of the Comptroller of the Currency Central District 425 S. Financial Place, Suite 1700 Chicago, IL 60605 CE.Licensing@occ.treas.gov RE: Formative Bank, N.A. Interagency Charter and Federal Deposit Insurance Application Dear Mr. O’Brien: The National Community Reinvestment Coalition, joined by the National Consumer Law Center (on behalf
De facto or de jure housing inequities: The outcomes are the same
As the COVID-19 crisis unfolded in St. Louis, the maps of the infections looked very familiar to those of us who work to promote integrated and inclusive communities. Unsurprisingly, it was having a greater toll on the city’s majority-Black neighborhoods, where maps already showed elevated rates of asthma and lead poisoning.
White Accountability & Health Equity
In this article, diversity, equity and inclusion consultants Stephen Graves and Alex Bethel share insights on how White healthcare professionals can move beyond White fragility and harness their racial privilege to create health equity.
Sade McKoy
Communication Specialist, Women’s Business Center smckoy@dcwbc.org 202-393-8307 Sade McKoy joined NCRC in October 2019.  She has had an extensive career in Marketing and Communications. Sade has six years of experience helping entrepreneurs, brands and businesses create social media strategies. She’s worked with several noteworthy creative agencies and publications. Some of her expertise includes managing marketing campaigns
An Immigrant Nation Defined By Racial Inequality
Over 44 million immigrants live in the United States, comprising about 13% of the population. Immigration to the U.S. has long been a topic of debate: who can come, under what conditions and when?
NCRC statement on Federal Reserve vote to update CRA rules
“This is an encouraging step toward thoughtful updates to CRA rules, which are essential to ensure loans and investments from banks reach underserved minority and lower-income communities that have been especially hard hit by the coronavirus pandemic.”
New Member Profile: Habitat for Humanity of Greater Charlottesville
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.
NCRC launches publishing series on Segregation, Environment and Health
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
Just Economy Session – Older Adults, Banking and Financial Management During COVID-19
Based on in-depth research with over 90 low- and moderate-income older adults, we uncover barriers to fintech adoption and some key opportunities to better design fintech products and services to support this population during the pandemic and beyond.
CFPB proposed changes to small business lending data a step in the right direction
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.Â
NCRC Hires Marisa Calderon as New Executive Director of Community Development Fund
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
NCRC Hires Tom Feltner as New Director of Policy
The National Community Reinvestment Coalition has hired Tom Feltner as Director of Policy. He will lead NCRC’s policy agenda and advocacy in pursuit of a Just Economy.Â
Principles for CRA Reform: Strengthen Exams for Banks
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.
Just Economy Session – From Here to Equality: Reparations for Black Americans in the 21st Century
As the fight for racial justice finally gains more national attention, a deeper conversation is needed around the implementation of reparations for Black Americans to truly address the growing racial wealth gap.
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.
Marisa Calderon
Chief of Community Finance and Mobility mcalderon@ncrc.org 202-464-2707 Marisa Calderon is an experienced executive who is regularly recognized, awarded and cited nationwide for her expertise in the housing and financial services industries. She has over two decades of experience dedicated to the issues of economic mobility and bridging America’s racial wealth gap. Marisa Calderon is
Mapping Inequality: There were no dog whistles, the racism was loud and clear.
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.
Environmental Justice and COVID-19: Some are Living in a Syndemic
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.Â
Redlining and Neighborhood Health
A new study compared 1930’s maps of government-sanctioned lending discrimination zones with current census and public health data.
Grandparents: A Renewed Role as Parents To Grandchildren
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.Â