An OpEd in the Washington Post by NCRC CEO Jesse Van Tol, April 8, 2019: Yes, you can gentrify a neighborhood without pushing out poor people When rich people move in, they often displace residents. But it doesn’t have to be that way. Neighborhoods have been developing and changing since the dawn of civilization, but […]
According to a study from the National Community Reinvestment Coalition, gentrification has historically happened at a much faster rate in the country’s largest cities — Los Angeles included.
A recent study by the National Community Reinvestment Coalition found DC had the most intense level of gentrification when compared to other cities across the country.
“I thought it was very unusual, the aggressive approach that the OCC took in pushing this bank in the direction that it did,” John Taylor, president of the National Community Reinvestment Coalition and an outside adviser to Wells Fargo, said in an interview. “I don’t know what to make of it.”
Fifth Third’s $32 billion Community Commitment, influenced by the National Community Reinvestment Coalition and other community groups, is now being carried out with an initial $20.3 billion.
Jesse Van Tol, CEO of the National Community Reinvestment Coalition, released a public statement regarding the end to the conservatorship of Fannie Mae and Freddie Mac. “NCRC supports ending the conservatorship of Fannie Mae and Freddie Mac. However, we are concerned that the fundamental restructuring of the housing finance system contemplated by this White House memorandum and Chairman Crapo’s outline will set in motion further limits on those who have access to the system today.”, said Van Tol.
The National Community Reinvestment Coalition authored the study, which identified more than 1,000 neighborhoods in 935 cities and towns where gentrification occurred between 2000 and 2013.
Last week, a new report from the National Community Reinvestment Coalition reviewed census and economic data, and found gentrification and cultural displacement is most intense in large cities.
A study conducted by the National Community Reinvestment Coalition revealed that 40 percent of low-income communities in Washington, D.C. has experienced the effects of gentrification and as a result, over 20,000 African American residents have been displaced.
The report, “Shifting Neighborhoods: Gentrification and Cultural Displacement in American Cities,” was released last week by the National Community Reinvestment Coalition (NCRC), a grassroots organization that works to create opportunities for people to build wealth.