NCRC Applauds Enhancements to Home Affordable Modification Program

Washington, DC – Today, in response to the announcement of enhancements to the Home Affordable Modification Program (HAMP) by the U.S. Department of the Treasury and the U.S. Department of Housing and Urban Development, the National Community Reinvestment Coalition (NCRC)’s President and CEO John Taylor made the following statement:

“NCRC applauds the Treasury Department and HUD for taking these additional steps to assist homeowners through HAMP. HAMP has been very beneficial to many homeowners who were at risk of losing their homes through no fault of their own, and these new guidelines will go even further in helping them remain on firm footing. We are pleased that the administration is demonstrating a commitment to addressing the continuing housing crisis.”

Under the revised HAMP guidelines, homeowners whose mortgages were modified under HAMP will receive increased benefits in the sixth year of their modification.

About the National Community Reinvestment Coalition (NCRC):
The National Community Reinvestment Coalition is an association of more than 600 community-based organizations that promote access to basic banking services, including credit and savings, to create and sustain affordable housing, job development, and vibrant communities for America’s working families.

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Redlining and Neighborhood Health

Before the pandemic devastated minority communities, banks and government officials starved them of capital.

Lower-income and minority neighborhoods that were intentionally cut off from lending and investment decades ago today suffer not only from reduced wealth and greater poverty, but from lower life expectancy and higher prevalence of chronic diseases that are risk factors for poor outcomes from COVID-19, a new study shows.

The new study, from the National Community Reinvestment Coalition (NCRC) with researchers from the University of Wisconsin–Milwaukee Joseph J. Zilber School of Public Health and the University of Richmond’s Digital Scholarship Lab, compared 1930’s maps of government-sanctioned lending discrimination zones with current census and public health data.

Table of Content

  • Executive Summary
  • Introduction
  • Redlining, the HOLC Maps and Segregation
  • Segregation, Public Health and COVID-19
  • Methods
  • Results
  • Discussion
  • Conclusion and Policy Recommendations
  • Citations
  • Appendix

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