In the News

Austin Business Journal, September 16, 2022, 2 Austinites To Help PNC Bank Steer $88 Billion To Worthy Causes “Through the community advisory board, my hope is that we are able to guide PNC to a stronger tomorrow, and I think they are allowing us to help guide them in that process,” Hull said. Hull also […]

Huffpost, September 8, 2022, The U.S. Is Still In For A Wild Economic Ride Despite Easing Inflation Dedrick Asante-Muhammad, the chief of membership, policy and equity at the National Community Reinvestment Coalition, said the Fed should not abandon its full employment mandate in its quest to tame inflation.

Patch, September 2, 2022, Bank Of America Offers Detroiters Zero down, Zero Closing Mortgages Moreover, a separate study found an alarming increase in the number of loan records that lacked demographic data on race and ethnicity. Furthermore, the National Community Reinvestment Coalition found that Black and Hispanic borrowers bought less valuable homes than White (and

NPR, September 4, 2022, What Bank of America’s mortgage pilot can and can’t fix for homeownership disparities “Even a 3% down payment on a home is a level of wealth or just spare cash that many families don’t have. And that will be disproportionately true for Black and Latino borrowers,” Jesse Van Tol, the president

The University star, September 2, 2022, Opinion: Gentrification will erode what we love about central Texas Gentrification will eliminate an area’s unique culture that its members hold dear. According to National Community Reinvestment Coalition, a key component of gentrification is the cultural replacement of an area. Local businesses housed in such an area have no choice but

The Nevada Independent, September 2, 2022, Las Vegas Council Hopefuls Want To Increase Police Budget, Focus On Housing Security The National Community Reinvestment Coalition defines gentrification as a process of redevelopment that increases the value of properties in areas suffering from prolonged disinvestment that can result in rising rents.

The New York Times, September 2, 2022, Bank Of America Tests No-Down-Payment Mortgages In Black And Hispanic Neighborhoods According to the National Association of Realtors, a trade association for real estate professionals, the pandemic exacerbated the racial homeownership gap, with rising housing prices and low supply affecting Black households more than any other racial group. In

Banking Dive, September 2, 2022, Ford ILC Application Gets Pushback From ICBA, Consumer Groups The four consumer groups — the National Community Reinvestment Coalition, the National Consumer Law Center, Americans for Financial Reform Education Fund and the Center for Responsible Lending — called the company’s bid to use the charter to promote the electrification of its car

Diversity Plus, August 30, 2022, U.S. Small Business Administration, Small Business Majority Announce New Collaboration & Webinar Series To Help The Small Business Community Navigate Today’s Economic Challenges The first webinar in this series is scheduled for Tuesday, September 6, titled “How to Combat Inflation as a Small Business Owner.” This session will provide an

American Banker, August 30, 2022, Consumer Groups Urge FDIC To Reject Ford’s ILC Application The National Community Reinvestment Coalition, the National Consumer Law Center, Americans for Financial Reform Education Fund and the Center for Responsible Lending said in a letter to the FDIC that allowing Ford to own a bank would open the door for

Nonprofit Quarterly, August 30, 2022, Reclaiming Public Tax Dollars: An Economic Justice Movement Gains Strength The National Community Reinvestment Coalition (NCRC) often likes to say that “data drives the movement.” NCRC is referring to the role of the Home Mortgage Disclosure Act (HMDA) and the Community Reinvestment Act(CRA) in enabling communities to alter bank behavior, increasing lending and

La Opinión, August 30, 2022, Marisa Calderón; Líder En El Sector Inmobiliario Y Apasionada Por Mejorar La Vida De Los Latinos Y Personas De Color Marisa Calderón, directora ejecutiva del NCRC Community Development Fund (NCRC CDF), es una ejecutiva experimentada que ha sido reconocida, premiada y citada a nivel nacional por su experiencia en las

The Baltimore Banner, August 30, 2022, For Decades, African American Communities Have Been Without Enough Local Banking Storefronts While Northwood and Mondawmin get new banking opportunities, a general decline in the use of storefront banks has exacerbated the problem with most banking deserts. The National Community Reinvestment Coalition found that two-thirds of banking institutions in the U.S.

Shelterforce, August 30, 2022, Developing Radical Goals For Black Homeownership: An NCRC Panel Discussion Miriam Axel-Lute, Shelterforce’s CEO and editor-in-chief, moderated a panel at the National Community Reinvestment Coalition’s Just Economy Conference in June. The panel, titled “Developing radical goals for Black homeownership and access to affordable housing,” addressed the question of what can be done to significantly advance

Capital Analytics Associates, August 16, 2022, Revitalizing investment in overlooked Philadelphia communities through neighborhood-focused development According to a new study by the National Community Reinvestment Coalition, Philadelphia was among the Top 20 most gentrified cities before the pandemic. However, studies from the Federal Reserve Bank of Philadelphia have found that gentrification is not necessarily harmful for the original residents.