The entire Canadian housing and mortgage market has dropped off a financial cliff, which should pose as a warning for the U.S. as we talk about reforming our Government-Sponsored Enterprise (GSE) system. In 2008, when the U.S. was entering a full housing market crash, Canada took several steps to disguise the exposure of Canadian households. […]
The evidence of a strong link between redlining, racial segregation and the value of homes just got stronger.
Government maps from the 1930s offer a ‘smoking gun’ that helps explain the redlined, segregated and disinvested nucleus of more than 200 cities, which persists today.
Philadelphia has been one of the most rapidly gentrifying metro areas in the nation. A recent study by NCRC found that between 2000 and 2013, 57 neighborhoods in Philadelphia showed signs of residential gentrification. This includes the influx of large numbers of college-educated residents, booming property values, and rising incomes. Mapping these neighborhoods shows the […]
To understand why some parts of Philadelphia continue to struggle to attract investment in businesses it is critical to know about the city’s history of redlining and segregation. “Redlining” was the practice of barring lending in certain areas of cities based not just on the physical factors of the neighborhood and its housing stock, but […]
At the national level, disparities in the proportion of minority-owned and white-owned businesses have been narrowing over time. A 2012 survey of business owners indicated that while nearly 71% of businesses were white-owned, black and Hispanic entrepreneurship increased from 7.1% and 8.3% in 2007, to 9.5% and 12.2%, respectively. Unfortunately, the number of black and […]
For years, advocates have known that the Community Reinvestment Act, or CRA, helps low and moderate income communities gain access to financial services, loans, and community development investments that would otherwise be unavailable. Since 1996, over $2 trillion in community development, mortgage, and business loans were made by banks obligated to invest in their communities […]
NCRC used data collected under the Community Reinvestment Act (CRA) and the Home Mortgage Disclosure Act (HMDA) for the years 2012 through 2016 to calculate the sum of loan amounts made during this period for every census tract in the United States. Building upon the work of research in academia and the Federal Reserve, we […]
A new kind of investment fund with special tax incentives could steer billions in private capital to some low- and moderate-income neighborhoods.