In the News

In 2018, for instance, the National Community Reinvestment Coalition, a nonprofit organization that works with banks to increase the flow of private capital into poor and underserved communities, sent “mystery shoppers” to 32 different banks in Los Angeles. It found that potential borrowers with identical financial profiles were treated differently by bankers based on their race.

We, the one hundred undersigned organizations, demand that in the next coronavirus relief bill Washington, D.C., be made whole and receive the discretionary funding that was awarded to each state in the CARES Act.

The summaries, which lack detail and substance, were posted to the rulemaking docket after Democracy Forward, the National Community Reinvestment Coalition, and the California Reinvestment Coalition demanded that the administration disclose Comptroller Otting’s ex parte communications with nongovernmental stakeholders.

A 2019 study by the National Community Reinvestment Coalition (NCRC) found that D.C. had the largest percentage of gentrifying neighborhoods of any city in the U.S., a shift that displaced more than 20,000 Black residents between 2000 and 2013.

The proposed CRA changes would allow banks to dramatically reduce their mortgage lending to low- and middle-income (LMI) borrowers and still pass their CRA exams./2

From 2009 through 2018, banks in the Philadelphia area reported making $45 billion in mortgage loans and $8.7 billion in business loans in lower-income neighborhoods./3

The legislation is supported by the following organization: National Council of State Housing Agencies; Habitat for Humanity; National Housing Conference; National Community Reinvestment Coalition; National Association of Affordable Housing Lenders; National Leased Housing Association; Americans for Financial Reform; National Consumer Law Center and Center for Responsible Lending.

Reed’s bill is supported by a diverse coalition of housing advocates, including: National Council of State Housing Agencies; Habitat for Humanity; National Housing Conference; National Community Reinvestment Coalition; National Association of Affordable Housing Lenders; National Leased Housing Association; Americans for Financial Reform; National Consumer Law Center, on behalf of its low-income clients; Center for Responsible Lending; Rhode Island Housing; and the Rhode Island Association of Realtors.

“There is a very tight relationship between business lending and branch locations,” Jason Richardson, director of research at the National Community Reinvestment Coalition, told Banking Dive in February. “Part of that has to do a lot with the way that business lending works, where a lot of it is very relational. Business owners get to know the manager or the business specialist at a local branch.” 

… Adam Rust is now a senior policy adviser at the National Community Reinvestment Coalition. He previously was director of research at Reinvestment Partners. …

Wells Fargo Foundation housing philanthropy grants to help more than 100,000 renters and homeowners stay in their homes

Harris said individuals doing personal work to understand systemic racism is “necessary, yet it’s so not sufficient.” He urged those wanting to enact change to join those protesting in the streets and to demand fundamental change from institutions in their own lives.

Richmond is among the most gentrified cities in the state, according to a 2019 report from the National Community Reinvestment Coalition. The report — which used census tract data to measure socioeconomic changes — found that, in four Richmond census tracts, the black population fell 40% from 1990 to 2010. In that same period, the white population increased 30%.

NEXT is proud to recognize Shawn Krause as a recipient of the inaugural NEXT Powerhouse Awards.

A study by the National Community Reinvestment Coalition from 2018 illustrates how areas redlined by the HOLC in the mid-to-late 1930s are much more likely today than other areas to comprise lower-income, minority residents.

First State Community Action Agency has announced a $17,076 grant from the Wells Fargo Foundation which will enable the organization to assist Delaware renters in navigating what programs they are eligible for in getting back on track with their rental payments.