Posts about NCRC research.
The evidence of a strong link between redlining, racial segregation and the value of homes just got stronger.
Segregation and redlining continue to drive down home values in 2018 Read More »
A new report from discusses the worst places to live if you are an African American. Two of the cities, Milwaukee (#2) and Minneapolis (#4), were covered in NCRC’s 2016 report on racial disparities in mortgage lending.
These are the 15 worst cities for black Americans Read More »
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.
New Federal Reserve report supports NCRC redlining study Read More »
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
Philadelphia and the rapid gentrification of downtown Read More »
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
Philadelphia and business disinvestment Read More »
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
Minority entrepreneurship in Philadelphia Read More »
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
What the Community Reinvestment Act means to lending in Philadelphia Read More »
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.
Opportunity zones: Will the money flow in your town? Read More »
In 1977, Congress enacted the Community Reinvestment Act (CRA) and required federal bank agencies to assess the record of banks in meeting needs for credit and banking services in communities in which banks are chartered. The federal bank agencies responded by creating CRA examinations that assessed banks’ performance in geographical areas containing bank branches and
The importance of CRA assessment areas and bank branches Read More »
Quicken Loans overtakes Wells Fargo as the largest loan originator.
2017 HMDA Overview: Non-banks dominated home lending Read More »
With the publication of Richard Rothstein’s 2017 book, The Color of Law: A Forgotten History of How Our Government Segregated America, the issue of racial and economic “redlining” has come to the forefront. The shocking thing about the revelations in Rothstein’s book is the degree to which policies and practices of segregation were accepted and
Reversing the red lines: Disinvestment in America’s cities Read More »
This study examines how neighborhoods were evaluated for lending risk by the HOLC, and compares their recent social and economic conditions with city-level measures of segregation and economic inequality
HOLC “redlining” maps: The persistent structure of segregation and economic inequality Read More »
A new report, produced in collaboration with NCRC, examined mortgages in low- and moderate-income neighborhoods in California. Many went to wealthy borrowers.
Does mortgage data reveal gentrification in California? Read More »
Overall, black entrepreneurs seeking small business loans faced more scrutiny compared to their equal or less creditworthy white counterparts.
Study documents discrimination against black entrepreneurs Read More »
