In the News

The National Community Reinvestment Coalition, a nonprofit based in Washington, D.C., conducted a “mystery shopper” study between April and late May and found white borrowers were given far better treatment and leniency at 13 out of 17 banks.

U.S. Magistrate Judge Kandis Westmore wrote on Friday that the National Community Reinvestment Coalition (NCRC) and another group had standing to challenge the regulations that changed how banks can comply with the Community Reinvestment Act, agreeing that the rule would harm community lending advocates.

Echoing findings from the National Community Reinvestment Coalition, Davis calls Macon the “most redlined community in the nation,” a process of market- and state-engineered housing discrimination that built an invisible moat around Black neighborhoods, making it nearly impossible for residents to escape and buy homes elsewhere.

The Guardian asked a group of experts to share concrete ideas to address some of America’s deepest problems. NCRC’s Dedrick Astante-Muhammad discussed how to close the racial wealth divide. 

A report from the National Community Reinvestment Coalition, which included work from Wisconsin researchers, found that across the U.S., census tracts with a history of redlining were tied to worse health outcomes for residents. 

Researchers from the National Community Reinvestment Coalition rank Boston as the third most gentrified city in the country. Our current fight against rampant gentrification and for affordable housing can be traced to widespread discriminatory housing policies in the mid-20th century.

Citing numbers for the National Community Reinvestment Coalition, Adasi points out that the diversity problem in the city of Denver is only exacerbated by growing rates of gentrification.

NCRC’s Chief of Race, Wealth and Community Dedrick Astante-Muhammad discusses the racial wealth divide in the United States and the role historical injustice plays in determining vulnerability during the pandemic.

The crisis will also have a real impact on small landlords, according to Ibijoke Akinbowale, director of the Housing Counseling Network at the National Community Reinvestment Coalition, who says that the pathway for recovery for small landlords and renters is not as clear.

According to the National Community Reinvestment Coalition, Black borrowers faced significant discrimination when applying for the COVID-19 relief Paycheck Protection Program (PPP).

At the end of June, banks were operating 81,586 branches, a decrease of around 4,400 from three years earlier, according to a report by the National Community Reinvestment Coalition. The pace of decline — an average of 1,467 branch closures a year — is up from an average of around 800 branch closings a year between 2008 and 2017.

Real Money, Real Experts welcomes two special guests to talk about two very important, and intersecting concepts. NCRC’s Chief of Race, Wealth and Community Dedrick Asante-Muhammad and Heather McCulloch join us to talk about racial and gender wealth gaps.

NCRC’s Chief of Race, Wealth and Community Dedrick Astante-Muhammad participates in a discussion on gentrification, highlighting power, policy and what it takes to address racial economic inequality.

The National Community Reinvestment Coalition and other groups urged Chief U.S. District Judge Beryl Howell to grant summary judgment in its lawsuit challenging Regulation C, a rule finalized in May that raises the threshold for reporting under the Home Mortgage Disclosure Act (HDMA) and which they say would exempt more than a third of financial institutions that currently report data.

According to geocoded data released by Washington nonprofit National Community Reinvestment Coalition, which focuses its work on fighting discrimination in lending, housing and business, a little over 8,000 PPP loans were given to Worcester area businesses in upper and medium income census tracts where less than 30% of residents are people of color.