In the News

In a syndicated opinion piece published on Thursday, National Community Reinvestment Coalition (NCRC) chief of programs and strategic development Sabrina Terry and Dedrick Asante-Muhammad, chief of membership, policy, and equity at NCRC and an associate fellow of the Institute for Policy Studies, wrote that “Juneteenth reminds us to be critical of how progress is measured.”

Huntington Bancshares Incorporated (Nasdaq: HBAN) today announced a new strategy to tackle social, racial, environmental and economic inequities across its footprint by committing $40 billion toward its new Community Plan.

She also serves on the board of the National Community Reinvestment Coalition. She has spent decades as an activist building collaborations to promote housing with government agencies and community advocates.

Fed Chairman Jerome Powell (voter): “We saw in the last expansion that unemployment could go to 50 year lows without troubling inflation and we put that to work.” (Remarks at National Community Reinvestment Coalition, May 3)

“The hill is very steep,” said Jesse Van Tol, CEO of the National Community Reinvestment Coalition, a group that promotes fairness in banking and housing. “I don’t think we’ve even begun to put a dent in that program.”

National Community Reinvestment Coalition’s Dedrick Asante-Muhammed spoke on behalf of the Community Development Summit.

According to the National Community Reinvestment Coalition in 2018, only 42% of Black people owned homes compared to 73% of whites during the same period.

Written by Sabrina Terry who is the chief of programs and strategic development at the National Community Reinvestment Coalition. Dedrick Asante-Muhammad is the chief of membership, policy and equity at NCRC and an associate fellow of the Institute for Policy Studies. They wrote this for InsideSources.com.

On Juneteenth, June 19, we celebrate Union Army General Gordon Granger’s order to free the people still enslaved in Texas. The holiday marks the effective end of slavery in the United States.

IMBs and other nonbanks have followed banks into these once redlined and overlooked markets, benefiting in many instances from a CRA-driven financial infrastructure.

Dedrick Asante-Muhammad’s research and writing focuses on racial and economic inequality.

National Community Reinvestment Coalition’s Asante-Muhammad argues that education programs have been around for decades and haven’t moved the needle. Mortgage products designed specifically for the median-income Black household would do more to grow the number of Black homeowners, he said.

Here & Now’s Peter O’Dowd hears more from Dedrick Asante-Muhammad, chief of membership, policy and equity at the National Community Reinvestment Coalition.

The concept was developed in part by the National Community Reinvestment Coalition, which advocates for greater reinvestment by banks in low- to moderate-income neighborhoods. The coalition has drafted model legislation that local governments can work from.