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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The Washington Post: Powell says strong economy hiding struggles of poor families

Federal Reserve Chairman Jerome Powell delivered a video message at the National Community Reinvestment’s annual Just Economy conference where he said that the low-moderate income (LMI) communities are hit the hardest when property values drop. He also said that the struggles of the LMI community are being overshadowed by the current successful state of the U.S. economy according to the Washington Post.

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