In the News

BBC News, July 10, 2022, America’s race gap between black and white homeowners Ms Cox has the means to buy the $310,000 property she wants in Miami without a loan but her application was going nowhere fast. The bank questioned her income, requested additional bank statements and demanded she restart the process due to filing […]

Banking Dive, July 15, 2022, BMO, community groups square off at merger hearing Jesse Van Tol, CEO of the National Community Reinvestment Coalition (NCRC), warned the merger may amp up concentration in the banking sphere. “The largest banks in the country were built one acquisition at a time through combinations just like this one,” he

Shelterforce, July 14, 2o22, Proposed CRA Rule Receives Mixed Reviews from Housers The regulatory agencies are accepting public comment through Aug. 5 and can make more changes before the rule is finalized. The National Housing Conference, National Community Reinvestment Coalition (NCRC), and other groups are preparing detailed suggestions for further improvements. Advocates say they fear

DCist, July 18, 2022, 12 Virtual And IRL Things To Do Around D.C. This Week FILM SCREENING: Head to National Community Reinvestment Coalition’s Just Economy Club for a screening of the documentary, Barry Farm: Community, Land & Justice in Washington, DC. The film tells the story of the historic housing development as well as displacement,

Southwest Times Record, June 14, 2022, Affording Fort Smith: Rental market pushes low-income families to the brink Substandard housing, often within the price range of low-income families, can include risks to physical and mental health. A 2019 report from the National Community Reinvestment Coalition examined the risks of substandard housing including exposure to asbestos, lead

The Columbus Dispatch, July 8, 2022, Former Olympic hurdler: Racial disparities keeping Columbus’ Black babies from breaking the tape National Community Reinvestment Coalition research also found that Black business owners were more likely to be denied Paycheck Protection Program loans than white-owned firms with similar profiles. So, disparities in every measure of what makes a

Green Market Report, July 6, 2022, Dispensaries Like Bank Buildings, But It’s Not the Vaults Bank buildings are becoming attractive locations for cannabis dispensaries, but fortified vaults aren’t the reason. The banking industry has been closing bank branches by the thousands. According to the National Community Reinvestment Coalition, 9% of all branch locations in the

Vermont Affordable Housing Coalition, July 1, 2022, VAHC Attends the Just Economy Conference Overall, all of this information about CRA that was conveyed through many wonderful panels and speakers at the Just Economy Conference made it clear that community reinvestment is an incredibly important component for the development of new affordable housing, and it must

Finance World, July 5, 2022, Veterans often struggle to buy homes with a VA loan But, as many realtors and mortgage brokers tell Spectrum News, a widespread misunderstanding about the VA loan program among sellers and agents often makes it challenging for veterans to buy homes with the loan. That’s if they get the loan

My Walkabout, July 4, 2022, KeyBank intends to push $16.5 million to the down-money teams Key’s preparations are part of a binding agreement on National Community Reinvestment Coalition, that has over 600 community communities one offer entry to basic financial properties, sensible homes and occupations invention getting functioning group. $5 million inside financial financing inside

Apartment Therapy, July 2, 2022, 4 Podcasts That Will Help You Understand Housing Inequality in the U.S. Housing inequality is now a more timely topic than ever. Back in 2019, there were almost 6.5 million Black homeowners in the United States, putting the Black homeownership rate at 42 percent, as low as it was in

Business Inquirer, June 24, 2022, Approaching a new era in banking loyalty The pandemic has brought many negative effects on various industries. For banks, it has meant phasing out physical presence. According to an analysis by the National Community Reinvestment Coalition, more than 4,000 branches have closed in the U.S. since March 2020. This has

American Banker, June 29, 2022, Financial market regulators can do more to tackle racial economic inequality What many people may not fully appreciate is that financial regulators, who can promote access to lending, capital, and other financial services, have an important role to play — indeed, often an affirmative obligation to act — in addressing

CUInsight, June 22, 2022, As inflation rises, credit unions remain the backbone for American consumers A National Community Reinvestment Coalition study found that since March 2020, banks have closed more than 4,000 branches across the country. At 201 closures per month, they doubled their closure rate which – for the past 10 years – averaged

Housing Wire, June 22, 2022, OCC used “outdated, unclear” guidance for redlining exams Addressing the legacy of redlining, which was formally outlawed more than 50 years ago, recently has become a key focus of federal housing policy discussions. In recent years, community groups such as National Community Reinvestment Coalition have negotiated community benefits agreements with