NBC, July 9, 2019: As McConnell’s family shows, the legacy of slavery persists in most American lives When Mitch McConnell confirmed Tuesday that his ancestors had owned slaves, he didn’t say whether he was surprised to learn about it from an NBC News report the day before. But historians, economists and other scholars say that few Americans should […]
Banks could start earning CRA credit for the assistance they provide to communities in the event of natural disasters.
Washington, D.C., has been declared the most gentrified city in the country, according to a study by the National Community Reinvestment Coalition. Beyond the more than 20,000 Black D.C. residents who have actively been displaced since 2000, drastic increases in commercial rent and property taxes are also forcing long-loved Black-owned businesses to close their doors.
After decades of the federal government playing a limited role in local land-use regulations, there is renewed interest on both sides of the aisle for a stronger federal effort to reign in restrictive zoning laws.
The National Community Reinvestment Coalition ranks New York City as one of the most rapidly gentrifying areas in the country. In 2012, Rent Cafe listed the areas where Biggie’s one-room apartment is located as one of the top 20 most-gentrified zip codes.
The racial wealth divide that exists in the U.S. isn’t accidental.
Many financial institutions have been closing in urban communities with nonwhite populations rendering these cities “financial deserts,” according to an NBC report.
It would be difficult for the FHFA’s Office of Fair Lending Oversight to replace tools that have been weakened at other agencies under the Trump administration without a “more public-facing component,” said Jesse Van Tol, the chief executive of the National Community Reinvestment Coalition.
In Itta Bena, population 1,828 and likely declining, the only available banking is at ATMs.