In the News

MarketWatch, January 30, 2024, Fed, Markets On Collision Course; 5 Other Things To Know Before Market Opens National Community Reinvestment Coalition CEO Jesse Van Tol said the plan is a positive step, and that changing the approval process shouldn’t be considered an effort to stymie corporate tie-ups but to create a balanced system that will ensure […]

Iowa Capital Dispatch, January 15, 2024, MLK Would Have Been 95 This Year. Let’s Make His Dream A Reality. This January marks what would have been Dr. Martin Luther King, Jr.’s 95th birthday. Nearly a century after the late civil rights leader’s birth, it’s a good time to reflect on the work still to be

The St. Louis American, January 9, 2024, December Jobs Report Holds Good News For Black Workers Dedrick Asante-Muhammad and Joseph Dean state in a National Community Investment Coalition (NCRC) analysis, “The labor market continues to show strengths not seen in decades, with unemployment rates below the 4% threshold defined as “full employment” for the past two

The Nevada Independent, January 5, 2024, Indy Explains: How Have Discriminatory Housing Practices Shaped Vegas’ Historic Westside? According to the equity-focused National Community Reinvestment Coalition, the federal government made redlining maps for 140 metropolitan cities in the 1930s. No city in Nevada was on the list.

The Portland Medium, January 1, 2024, The Future Of Reparations And Economic Equality An estimated 250,000 people came to the nation’s capital in August 1963, according to the National Park Service. (The NAACP puts the number closer to 260,000.) A partnership between the National Community Reinvestment Coalition and the Institute for Policy Studies spurred the report, which looks

Scene, December 22, 2023, An Advocacy Group Labeled KeyBank The Worst Lender For Black Homebuyers. The Bank Says It’s Changed In November, the National Community Reinvestment Coalition, a housing advocacy group based in Washington, D.C., released a data report lambasting KeyBank for failing on a longstanding promise to pursue social and racial equity. The financial institution, the

HousingWire, December 11, 2023, 3 Steps Real Estate Agents Can Take To Make A Big Difference In Housing Affordability “KeyBank made 19.2% of its home purchase loans for the year to low- and moderate-income (LMI) borrowers, down from 19.7% in 2021. This modest but significant one-year decline understates KeyBank’s longer-term performance for non-wealthy families seeking

Industry News, December 11, 2023, Report Shows Need For Mortgage Solutions On Tribal Lands A report released by the National Community Reinvestment Coalition and the Native Community Capital found traditional financial services are struggling to serve communities on and near tribal lands. The report was conducted after Community Reinvestment Act (CRA) regulations were changed this

American Banker, December 15, 2023, Lawmakers Introduce Flurry Of Banking Legislation Ahead Of Winter Recess Sen. Sherrod Brown, D-Ohio, chairman of the Senate Banking Committee, along with Sens. John Kennedy, R-La., Bob Casey, D-Penn., and Chris Van Hollen, D-Md., have reintroduced a bill that would make companies that acquire an ILC be subject to the same supervision

Anthony’s Corner, December 19, 2023, Financial Shake-Up: Pennsylvania Braces For Wave of Bank Closures According to a report by the National Community Reinvestment Coalition, the closure of bank branches has several detrimental effects on the surrounding communities. One of the significant impacts is the decline in small business lending and activity in the area. Without easy

QuadCities, December 14, 2023, Rock Island Celebrates 20 Years Of Homebuying Help In 2016, the National Community Reinvestment Coalition (NCRC) gave Growth the Representative James Leach award (named for the former Iowa Congressman) at NCRC’s Annual Conference in Washington, D.C. The national award recognizes the most outstanding rural non-profit organization in the country that best

Bloomberg, December 18, 2023, Borrowers Turned To Nonbank Lenders For Mortgages – And It’s Costing Them Whatever the reasons for the disparities, higher fees can be a burden. “Closing costs are one of the biggest barriers to new homeowners,” says Jesse Van Tol, president of the National Community Reinvestment Coalition, a nonprofit group based in Washington. “Saving

NHONews, December 19, 2023, HUD To Modernize Indian Home Loam Program With Rule Update Direct funding isn’t the only issue. Lender participation in the Section 184 program has been “negligible” and none of the three largest mortgage lenders in the country participate in the Section 184 program according to a new report by the National

The DC Citizens Forum, December 11, 2023, Washington Was An Icon Of Black Political Power. Then Came Gentrification. A 2019 study by the National Community Reinvestment Coalition found that DC had the highest “intensity” of gentrification of any city in the United States between 2000 and 2013. A follow-up NCRC study found that DC then fell to 13th but

Beaufort County Business, December 10, 2023, Over 60 US Bank Branches File To Shutter In One Week Between 2017 and 2021, about 7,500 bank branches, or 9% of all brick-and-mortar locations shut down, according to a report from the National Community Reinvestment Coalition. Last year alone, a net of 2,054 bank branches closed, according to