NCRC Supports Nomination of Sandra Thompson as FHFA Director

Today, President Biden announced the nomination of Acting-Director of the Federal Housing Finance Agency (FHFA) Sandra Thompson to become the agency’s full-time director. 

Jesse Van Tol, President and CEO of the National Community Reinvestment Coalition (NCRC), made the following statement:

“As acting-director of the FHFA, Thompson has already taken important steps to renew commitment to the affordable housing mission of the GSEs, including a new goal focused exclusively on communities of color. 

“In her short time at FHFA, she has led the agency towards a more ambitious vision for a more equitable housing finance system that enables more Americans to buy homes and accumulate personal wealth.

“We fully support her nomination to the five-year position.”

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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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