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On Wednesday, April 28, 2021, President Biden addressed a joint session of Congress and described an ambitious plan to strengthen the nation’s infrastructure and expand our commitment to childcare, early childhood education and college.
Affordable housing is the infrastructure we need to ensure a just recovery Read More »
The pandemic and rapid social changes brought many challenges for a group of Black business owners in Washington, D.C., and Baltimore, but even so they emphasized the role of their businesses in maintaining the cultural vibrancy of their communities.
The Federal Housing Finance Agency (FHFA) yesterday approved new refinance options for low-income borrowers, allowing Fannie Mae and Freddie Mac (government sponsored enterprises, or GSEs) to offer new loan products that will bring lower interest rates and lower monthly payments within reach for more lower-income households.
FHFA Announces New Refinance Options for Low-Income Families on GSE-backed mortgages Read More »
PNC Bank and the National Community Reinvestment Coalition (NCRC) announced today the creation of a four-year, $88 billion community benefits plan that will increase financial resources to low- and moderate-income (LMI) people and communities across the bank’s entire national footprint.Â
PNC Bank, NCRC announce $88 Billion community investment commitment Read More »
Strengthening and expanding the reach of the Community Reinvestment Act and duties to serve throughout the financial sector has to be at the forefront of policy questions about racial equity, the racial wealth gap and expanding financial inclusion for lower income communities.
On Wednesday (April 21, 2021), the U.S. Senate confirmed Vanita Gupta as Associate Attorney General, the third-highest position inside the Justice Department, where she is expected to play a leading role in investigating police brutality and other civil rights matters.
NCRC statement on the confirmation of Associate Attorney General Vanita Gupta Read More »
Former police officer Derek Chauvin was convicted Tuesday (April 20, 2021) in Minneapolis of second- and third-degree murder and second-degree manslaughter for the May 25, 2020, death of George Floyd.
Former Vice President Walter Mondale, who co-authored the 1968 Fair Housing Act and was a staunch civil rights supporter, passed away Monday, April 20, 2021, at age 93.Â
NCRC Mourns Passing of Former Vice President Walter Mondale Read More »
Today, the U.S. Department of Housing and Urban Affairs (HUD) took action to reinstate the critical 2013 Discriminatory Effects Rule which helps prevent discriminatory practices, and restore crucial portions of the 2015 Affirmatively Furthering Fair Housing rule which ensures that communities that receive federal funds take steps to eliminate barriers to fair housing.
NCRC Applauds HUD’s Effort to Reinstate Critical Fair Housing Rules Read More »
U.S. Department of Housing and Urban Development (HUD) Secretary Marcia Fudge will be a featured speaker at the 2021 Just Economy Conference, which will be held online beginning May 3. Other confirmed speakers include U.S. Senators Elizabeth Warren and Sherrod Brown, Federal Reserve Board Chair Jerome Powell and Pulitzer-prize winning journalist Nikole Hannah-Jones.
HUD Secretary Fudge to Speak at 2021 Just Economy Conference Read More »
Black America was in an economic crisis before COVID-19, and recovery for Black-owned businesses will require solutions to the economic preconditions that made success and wealth accumulation so difficult to achieve before the pandemic, a new report found.
This was the right move and essential to keep people safe and in their homes. The pandemic isn’t over, the financial crisis it created for millions of families isn’t over, and evictions now would make the situation much worse.
NCRC Applauds CDC Decision to Extend Eviction Moratorium Read More »
Federal Reserve Board Chair Jerome Powell, U.S. Senators Elizabeth Warren and Sherrod Brown, and Pulitzer Prize-winning journalist Nikole Hannah-Jones will be featured speakers at the 2021 Just Economy Conference, which will be held online beginning May 3.
From 2012-2018, big banks got bigger, and 8,872 local branches closed. But in most counties, small business lending was still dominated by banks with branches within the community.
Calderon joined NCRC in September 2020 as the executive director of the NCRC Community Development Fund. In her new role, Calderon will oversee the organization’s community finance programs, including workforce development, in addition to continuing her duties as executive director of the CDFI.
NCRC promotes Marisa Calderon to Chief of Community Finance and Mobility Read More »
