NCRC applauds NAR for GSEs plan

WASHINGTON, DC — Today, the National Association of Realtors (NAR) announced a new GSEs plan to convert Fannie Mae and Freddie Mac into shareholder-owned utilities with a regulated and reliable rate of return. The plan calls for supporting the affirmative obligations as directed in the Housing and Economic Recovery Act (HERA), including the Enterprise housing goals, Duty to Serve mandates and dedicated funding to the Capital Magnet Fund and Housing Trust Funds.

Jesse Van Tol, CEO of the National Community Reinvestment Coalition (www.ncrc.org), made the following statement:

“We applaud the significant contribution of NAR to the housing finance reform discussion.  Among other features, the plan promotes broad access to affordable mortgage credit and recognizes how essential the affordable housing goals and other duties to serve are to ensuring that low- and moderate-income and minority borrowers and communities have access.

“Coming after last week’s plan from Senate Banking Committee Chairman Mike Crapo, this is a welcomed move in the right direction.”

Print Friendly, PDF & Email

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

Complete the form to download the full report: