In the News

After decades of the federal government playing a limited role in local land-use regulations, there is renewed interest on both sides of the aisle for a stronger federal effort to reign in restrictive zoning laws.

The National Community Reinvestment Coalition ranks New York City as one of the most rapidly gentrifying areas in the country. In 2012, Rent Cafe listed the areas where Biggie’s one-room apartment is located as one of the top 20 most-gentrified zip codes.

This June, the House Judiciary Committee finally debated HR 40, which would form a commission to study the legacy of slavery on U.S. society — and how to make reparations for it.

Many financial institutions have been closing in urban communities with nonwhite populations rendering these cities “financial deserts,” according to an NBC report.

It would be difficult for the FHFA’s Office of Fair Lending Oversight to replace tools that have been weakened at other agencies under the Trump administration without a “more public-facing component,” said Jesse Van Tol, the chief executive of the National Community Reinvestment Coalition.

In Itta Bena, population 1,828 and likely declining, the only available banking is at ATMs.

Regional bank Cadence signs onto plan to serve lower income communities with provisions for small business lending and local community investments.

Minnesota Rep. Dean Phillips announced bill that requires the FHA cancel premiums after a certain percentage in homebuyers’ loans

A city council member in Washington, D.C., has introduced legislation that would make go-go music the District of Columbia’s “official” music, as community members continue ongoing efforts to protect the gentrifying city’s black culture.

What is wealth? What are the barriers of access to economic security—and how do we overcome them? Ali explores these questions in-depth with Dedrick Asante-Muhammad, chief of Equity and Inclusion at the National Community Reinvestment Coalition.

Since 2000, the District has experienced the most intense gentrification and an outsized amount of resident displacement among American cities, according to recent research—changes that have predominately affected black and low-income residents in a city once dubbed “Chocolate City.”

A recent study conducted by the National Community Reinvestment Coalition, listed Philadelphia as one of seven cities leading gentrification efforts in America.

Affordable housing is becoming increasingly scarce in the United States — something which could prevent many families from buying or renting a place to call their own. The causes of this crisis are multi-faceted and its effects disproportionately impact various groups of people, including low and middle-income (LMI) families and minorities. To address this affordability crisis, a bevy of Democratic senators reintroduced the American Housing and Economic Mobility Act in March.

Discrimination against low- and middle-income (LMI) home buyers – something which disproportionally affects minority communities — has long been a problem in the United States. While the CRA has done a great deal to improve access to credit and make homeownership a reality for more people, there is significant room for improvement to the decades-old legislation.