Birmingham City Council: Press Release

The Birmingham City Council released a statement reflecting on their participation in the National Community Reinvestment Coalition’s Just Economy Conference, saying that the conference provided helpful information about opportunity zones — federal program incentivizing the investment of new businesses and commercial projects in low-moderate income communities — and how to apply local legislation to benefit Birmingham communities.

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The Baltimore Sun: Baltimore among nation’s most gentrified cities, study shows

“What stands out with Baltimore compared to other areas is that most of what gentrified … was mostly areas that were already white,” Director or Research for the National Community Reinvestment Coalition Jason Richardson said. “There was a very limited amount of black displacement just because black neighborhoods weren’t gentrified.”

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The Washington Post: Study: D.C. has had the highest ‘intensity’ of gentrification of any U.S. city

A gentrification study conducted by the National Community Reinvestment Coalition (NCRC) revealed that over 20,000 black Washington, D.C. residents have been displaced due to gentrification between the years of 2000 and 2013. This makes D.C. the highest gentrified city; following is Philadelphia and New York City. “You feel it and you see it,” said Jesse Van Tol, chief executive of NCRC, a research and advocacy coalition of 600 community organizations that promote economic and racial justice. “It’s the visibility and the pace of it.”

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American Bankers: Fed’s Brainard offers glimpse of what revamped CRA could look like

Federal Reserve Board governor Lael Brainard in her keynote address at the National Community Reinvestment Coalition’s Just Economy Conference offered possible changes that might take place in the Community Reinvestment Act reform such as creating separate assessment areas for retail and community development activities and new comprehensive tests for community development.

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Reuters: Fed’s Brainard: More flexible community law could help credit ‘deserts’

Board of Governors of the Federal Reserve System Lael Brainard, one of the keynote speakers at the National Community Reinvestment Coalition’s Just Economy Conference, said during her keynote address that strengthening the Community Reinvestment Act (CRA) is a priority as well as making changes that allow banks to serve the credit needs of rural communities.

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