In the southern part of Arlington County, more than half of the households rent, which means many families could be displaced, Jesse Van Tol, chief executive of the National Community Reinvestment Coalition, told The Washington Post.
John Taylor, the President and Founder of NCRC, received the 2018 Award of Excellence from the Pennsylvania Housing Finance Agency (PHFA). PHFA works to provide affordable homeownership and rental housing options for older adults, lower-income families and people with special housing needs. The award, presented Nov. 13, 2018 at a PHFA event in Harrisburg, Pennsylvania, […]
More than half of the households in those areas rent rather than own, putting them at high risk of eventually being priced out, said Jesse Van Tol, chief executive of the National Community Reinvestment Coalition.
Without the CRA, a report by the National Community Reinvestment Coalition (NCRC) estimates that Missouri’s first congressional district could lose up $300 million in mortgage and small business lending.
“We’re eager to work with the regulatory agencies, Congress, banks and the entire financial sector to modernize [CRA],” Van Tol writes. But simply stripping away geographic lending requirements could signal a return to redlining, he argues.
“The agenda is much about the bully pulpit and drawing attention to the deregulatory agenda that has been pursued over the last year,” said Jesse Van Tol, CEO of the National Community Reinvestment Coalition. “I do think that there’s a heightened awareness of what’s happening in low and moderate income communities and communities of color.”
John Taylor, president and founder of the National Community Reinvestment Coalition, said his organization is “eager” to continue its collaboration with the $142 billion-asset Fifth Third.
John Taylor, of the National Community Reinvestment Coalition, said the increase in lending is especially unique because “It’s tailored to people who need it most.”
Reveal, October 25, 2018: We exposed modern-day redlining in 61 cities. Find out what’s happened since Across the country, officials have picked up the torch at the state and local levels. The response has been greatest in Philadelphia, the city most prominently featured in the Reveal report, where lawmakers, community activists and lenders have all responded. On […]
“It’s always been a surprise to me that housing doesn’t receive more attention in federal elections, and I think this is the year that changes that,” said National Community Reinvestment Coalition CEO, Jesse Van Tol.