In the News

In a recent study, the National Community Reinvestment Coalition sent testers to inquire about small business loans at 60 bank branches in the Los Angeles area. The testers had nearly identical business profiles, with higher qualifications for the black and Hispanic testers. Yet white testers received more loan information, and friendlier customer service.

Americans are more aware than ever that America has a race problem — and, more specifically, a racial wealth divide problem. As researchers from the Institute for Policy Studies and I found earlier this year, median white families are 41 times wealthier than median Black families in the United States.

The Consumer Financial Protection Bureau (Bureau) announced that it will hold a symposium on Section 1071 of the Dodd-Frank Act on November 6, 2019 at 9:30 a.m. The event will be webcast on the Bureau’s website.

Panel 2 will highlight policy implications and alternatives. Moderated by Kent Colton, The Colton Housing Group, presenters will include Buzz Roberts, National Association of Affordable Housing Lenders, Dafina Stewart, Bank Policy Institute, Gerron Levi, National Community Reinvestment Coalition, Lawrence J. White, New York University, and Patricia McCoy, Boston College.

While expensive development throughout Brooklyn has led to displacement of black and Hispanic residents over the past couple of decades, according to a report earlier this year from the National Community Reinvestment Coalition, Dumbo itself was mostly an industrial neighborhood, where old warehouses and factories were transformed into pricey lofts.

While expensive development throughout Brooklyn has led to displacement of Black and Hispanic residents over the past couple of decades, according to a report earlier this year from the National Community Reinvestment Coalition, Dumbo itself was mostly an industrial neighborhood, where old warehouses and factories were transformed into pricey lofts.

By the National Community Reinvestment Coalition’s count, only 30% of mortgage lending falls under CRA obligations, and as more types of lending expand online, CEO Jesse Van Tol worries that fewer small business loans will go to low- and moderate-income entrepreneurs.

D.C. had the highest intensity of gentrification in the country between 2000 and 2013, according to a study from the National Community Reinvestment Coalition; one of those neighborhoods is Columbia Heights.

About 40% of the District’s lower-income neighborhoods experienced gentrification between 2000 and 2013, according to a National Community Reinvestment Coalition study released earlier this year, giving it the greatest “intensity of gentrification” of any city in the country.

In a study of U.S. census data, the National Community Reinvestment Coalition found that Atlanta was among the cities experiencing the highest black population loss and white population gain.

The economic opportunity for black Pittsburghers is diminishing. According to the National Community Reinvestment Coalition, Pittsburgh is the eighth most gentrifying city in the U.S.

A report recently published by the National Community Reinvestment Coalition shows which Atlanta neighborhoods have been gentrified and, consequently, which groups of people were ultimately forced out of their homes.

And “unfavorable,” lower-income residents are often black or Latino. A March study from the National Community Reinvestment Coalition found that since 2000, 12,000 black Philadelphians alone moved out of gentrifying neighborhoods, reflecting Philadelphia’s notably high level of black displacement in particular. Across the country, the study found black and Latino resident displacement to be a hallmark of gentrification.

In a letter written and submitted by the National Community Reinvestment Coalition (NCRC), the coalition of housing, consumer protection and community development organizations urged the Federal Reserve, the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation to drop the idea of a “one-ratio” metric from new CRA rules expected to be proposed by the agencies this fall.

The council’s move comes six months after a study indicated displacement of residents is high in major U.S. cities such as Atlanta. In that study, by the National Community Reinvestment Coalition, Atlanta ranked seventh for the highest number of displaced black residents.