In the News

American Banker, November 16, 2022, Critics call Federal Home Loan Bank System ‘corporate welfare’ Megan Haberle, senior director of policy at the National Community Reinvestment Coalition, suggested that the banks’ role be expanded to include support for down payment assistance programs and for lending to first-time homebuyers. But other panelists said those activities are already […]

National Mortgage News, November 11, 2022, Property comparisons are at heart of appraisal bias, advocacy groups claim The valuation process is meant to be technical and objective, but news reports of Black homeowners needing to use white stand-ins to obtain fair market valuations on their homes have called that objectivity into question. A study conducted

Birmingham Business Journal, November 14, 2022, Growth by NCRC seeks city funding for affordable housing in West Birmingham The National Community Reinvestment Coalition (NCRC) affiliate organization Growth by NCRC is seeking funding from the city of Birmingham to build affordable, energy-efficient homes.

WBRC, November 15, 2022, Birmingham City Council approves millions of dollars for Pratt City redevelopment On Tuesday, the Birmingham City Council approved about $3 million to the National Community Reinvestment Coalition to build 52 new homes. “We’re really excited that the city has heard the voices of the people from this area and that we really

Market Watch, November 2, 2022, U.S. Latinos contributed trillions of dollars to the economy in 2020. So why are they so underserved by financial services? There also remains a significant — albeit narrowing — gap between Latino people and white people when it comes to homeownership, as well as disparities in wealth, inheritance, education and income, according to the National

Black Enterprise, November 1, 2022, The Difference Is Clear: Appraisal Of Same Home Quoted $350k For White Homeowner, $310k For Black Partner MarketWatch reported that a new test conducted in Baltimore by the National Community Reinvestment Coalition (NCRC) shows the appraisal differences between Black and white homeowners through the use of mystery shoppers.

The Seattle Times, November 2, 2022, Some Seattle banks thrived in pandemic by axing single-family loans Meanwhile, pressure to control costs, combined with a lingering pandemic labor shortage and the popularity of online banking, has accelerated a trend toward branch closures. (About 45% of customers prefer mobile banking, according to a new industry survey.)  Seattle alone

Market Watch, October 28, 2022, Property appraisers valued an interracial couple’s home at $310,000 when they met the Black homeowner — but gave their white partner a $350,000 valuation Interracial couples were assigned different appraisal values for their homes in the Baltimore, Md., area depending on the skin color of the partner who greeted the

Yahoo, October 28, 2022, The Power of Partnership: 5 Ways Wells Fargo Is Tapping into The Community to Help Break Systemic Barriers to Financial Wellness What is an initiative without a task force? Wells Fargo launched a task force to bring the community’s voice to the table, offer honest feedback on the bank’s initiatives and

CU Collaborate, October 26, 2022, NCRC: ‘Mystery Shopper’ Study Shows Bias in Appraisal Industry Having employed “mystery shoppers” in an investigation, the National Community Reinvestment Coalition reported Tuesday that racial bias continues to plague the home appraisal industry.

Non Profit News, October 26, 2022, How DC Can Leverage the Tenant Right to Purchase to Achieve Housing Justice A 2019 report from the National Community Reinvestment Coalition indicated what many District residents already suspected—namely, that Washington, DC, had the highest percentage of gentrifying neighborhoods of any US city.

The Tennessee Tribune, October 27, 2022, Tests Find Detailed Evidence of Racial Discrimination in Home Appraisals  Real estate appraisers inflicted discriminatory treatment on Black homeowners in a pioneering new “mystery-shopper” investigation, the National Community Reinvestment Coalition (NCRC) announced recently.

Ebony, October 26, 2022, Investigation Shows Discriminatory Treatment Of Black Homeowners In Home Appraisals And now an investigation by the National Community Reinvestment Coalition (NCRC) highlights another discriminatory tactic being practiced within the market—home appraisals.

The Observer, October 13, 2022, Capitol Hill Committee Questions Bank Branch Closures in Black America Research by the National Community Reinvestment Coalition documents how still shrinking numbers of bank branches in Black and other communities of color diminish the economic futures of communities already reeling from a lack of sustained investment and redevelopment in its

Legal Newsline, October 13, 2022, CFPB’s loosening of rules ‘arbitrary and capricious’ Five nonprofit groups including the National Community Reinvestment Coalition as well as the City of Toledo challenged the change, saying the CFPB failed to consider all the costs associated with the regulatory loosening.