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NCRC Applauds Senate Confirmation of Mel Watt as Director of the FHFA

Washington, DC – Today, in reaction to the Senate’s confirmation of Mel Watt as Director of the Federal Housing Finance Agency (FHFA), National Community Reinvestment Coalition (NCRC) President and CEO John Taylor made the following statement:

“We applaud the confirmation of Mel Watt as Director of the FHFA. He is a well-qualified, pragmatic leader who will work to ensure that access to credit and the affordable housing goals are a priority at Fannie Mae and Freddie Mac. We will now have an FHFA Director who will do what is best for American taxpayers, homeowners, and most importantly, working-class Americans climbing their way up the economic ladder.”

In May of 2013, NCRC applauded the nomination of Mel Watt and called for his swift confirmation.

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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