In the News

Ohio Wesleyan University, May 8, 2023, Expanding Understanding Marquel Henry, a junior from Dayton, Ohio, and Dillon Shelton, a junior from Solon, Ohio. They used their DEI Grant to attend the Just Economy Conference 2023, held March 29-30 in Washington, D.C. Sponsored by the National Community Reinvestment Coalition (NCRC), the conference seeks to bring together “community, […]

Biz New Orleans, May 11, 2023, In Wake Of Scratched Merger, First Horizon Commits $50M To Foundation “First Horizon has been a reliable, trusted partner for NCRC and many of our nonprofit members for years,” said Jesse Van Tol, president and CEO of the National Community Reinvestment Coalition. “We are thrilled that our communities will

Commercial Appeal Memphis, May 5, 2023, First Horizon, TD Bank Call Off $13.4 Billion Merger However, even after TD Bank announced a five-year, $50 billion Community Benefits Plan agreement developed in coordination with the National Community Reinvestment Coalition to benefit areas across TD Bank’s expanded presence once the merger is complete, that did not help the deal get over the

The American Prospect, May 1, 2023, Fintech’s Latest Scheme These days, that’s hard to come by. According to a February 2022 report from the National Community Reinvestment Coalition, banks have rapidly closed since the Great Recession, a trend which accelerated throughout the pandemic. In numerical terms, from 1984 to 2021, the number of banking institutions dropped from

Thomas Reuters Westlaw Today, April 24, 2023, Consumer Finance Roundup For April 2023 At the National Community Reinvestment Coalition (NCRC) conference on March 30, 2023, Acting Comptroller Michael Hsu delivered remarks on elevating fairness in banking. Hsu explained that fairness is a core part of the mission and activities of the Office of the Comptroller of the Currency (OCC),

Teen Vogue, April 21, 2023, Redlining And Hotter Neighborhoods: How Racist Housing Policies Created Urban Heat Islands The system worked like this: green and blue neighborhoods were deemed “best” or “still desirable,” and primarily white residents of these areas received the most loans. Only 15% of residents from yellow, or “definitely declining” areas received loans. And red,

Alabama News, April 11, 2023, Birmingham City Council Creates New Fair Housing Committee Among its initiatives to improve housing opportunities, Birmingham has partnered with the National Community Reinvestment Coalition in a program called GROWTH by NCRC to build 200 homes around the city, with Woodlawn and Oak Hill in Belview Heights as initial demonstrations of that plan.

Bloomberg, March 30, 2023, Can Denver’s Next Mayor Find A Fix For Homelessness? According to multiple polls, homelessness and affordable housing are two of the top issues Denver voters care about in this election. For good reason: Colorado’s sheltered chronically homeless population jumped up 266% between 2007 and 2021, more than any other state. Meanwhile, surging rents in many Denver

Office Of The Comptroller Of The Currency, March 30, 2023, Acting Comptroller Emphasizes Focus on Safe And Sound Banking System, Discusses Elevating Fairness in Banking Acting Comptroller of the Currency Michael J. Hsu today emphasized the Office of the Comptroller of the Currency’s (OCC) continued focus on the safety, soundness and fairness of the federal

The Center Square, March 31, 2023, Illinois’ Creative Arts And Hospitality Sectors To Get $175 Million In Taxpayer Subsidies Grant award amounts will be set based on revenue declines on submitted tax returns. The goal is to keep small businesses from going under and to save jobs, National Community Reinvestment Coalition Community Development Fund Executive

Bigz Media Advantage, April 3, 2023, New Pandemic Relief Grants Offered In Illinois Grant award amounts will be set based on revenue declines on submitted tax returns. The goal is to keep small businesses from going under and to save jobs, said National Community Reinvestment Coalition Community Development Fund Executive Director Marisa Calderon.

Oregon Business, April 12, 2023, Bank On It This new inflation/interest rate environment piles on another layer to the challenges banks already face. For instance, consolidations and closures, a trend since the 1980s, continue. The National Community Reinvestment Coalition reports that 9% of all US branch locations closed between 2017 and 2021. The closure rate

Alabama News, April 11, 2023, Birmingham City Council Creates New Fair Housing Committee Among its initiatives to improve housing opportunities, Birmingham has partnered with the National Community Reinvestment Coalition in a program called GROWTH by NCRC to build 200 homes around the city, with Woodlawn and Oak Hill in Belview Heights as initial demonstrations of that plan.

Journal-Courier, April 1, 2023, Grants Available To Artists, Arts Groups The Illinois Creative Recovery Grant Program, or Back to Business Arts, is federally funded through the Illinois Department of Commerce and Economic Opportunity and administered by the National Community Reinvestment Coalition.