NCRC Statement on Mel Watt Nomination Cloture Vote

Washington, DC – Today, in reaction to the filibuster of the nomination of Representative Mel Watt to head the Federal Housing Finance Agency (FHFA), NCRC President and CEO John Taylor made the following statement:

“This is another demonstration of the continued dysfunction of Congress. It is truly troubling that the nomination of Representative Watt, who is an excellent, qualified nominee, is being blocked for no other reason than political gridlock in Congress. The Federal Housing Finance Agency is a critically important agency with massive influence on the housing market and the economy, and this obstructionism is preventing the agency from having a confirmed Director. The Senate must do what is right for American taxpayers and homeowners and take action to confirm Representative Watt as FHFA Director.”

About 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. To find out more, visit http://ncrcdev.local

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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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