American Banker, March 23, 2022, Why Truist is working on a new community investment pledge NCRC has been encouraging banks to renew their community benefit agreements “whether they are merging or not,” the group’s CEO, Jesse Van Tol, said in an email. “Several of our bank partners — including Truist — have proactively approached us […]

AL.com, March 22, 2022, What the Black homeownership gap looks like across Alabama What’s more concerning is the gap is widening. According to the 2020 National Community Reinvestment Coalition Home Mortgage Report, home loan originations to majority-minority neighborhoods declined to 18.5% in that year from 19.1% just two years prior. January 2022 data also shows

eMarketer, March 23, 2022, Philadelphia advances toward creating a public bank The study also pointed to a national trend of biased treatment of Black applicants: National Community Reinvestment Coalition reports show they received more questions than white borrowers with the same or fewer qualifications, and were given fewer details about products.

ABC 17 News, March 22, 2022, The Black homeownership gap in Kansas City According to the 2020 National Community Reinvestment Coalition Home Mortgage Report, home loan originations to majority-minority neighborhoods declined to 18.5% in that year from 19.1% just two years prior…According to the NCRC report data, a significant percentage of loan paperwork has lacked

VitalLaw, March 21, 2022, Advocacy groups ask Congress to hold hearing on Google’s crypto intentions A coalition of 17 national advocacy groups, including Better Markets, the National Community Reinvestment Coalition, and Public Citizen, has asked the House of Representatives Financial Services Committee to hold a hearing on Google’s plans to enter the cryptocurrency and digital

Business Wire, March 18, 2022, Manna Backs Proposed $10 million Black Homeownership Fund in Mayor Bowser’s FY 2023 DC Budget In 2014, Manna received national acclaim from the National Community Reinvestment Coalition (NCRC). NCRC awarded Manna the James Rouse Award for national achievement in a major US urban center. Over the past 40 years Manna

Yellowhammer News, March 20, 2022, Birmingham Mayor Woodfin, public-private partnership deliver affordable homeownership The ceremony was the culmination of an objective by Mayor Randall Woodfin to revitalize Birmingham communities through affordable homeownership. It was made possible by a $25 million public-private partnership between the city of Birmingham and the NCRC Housing Rehab Fund, also known

Al, March 17, 2022, Mayor Woodfin cuts ribbon on new homes in Ensley funded by American Rescue Plan The City of Birmingham and GROWTH signed a development deal that began with building 27 affordable new homes in the historic Belview Heights community of Birmingham, Alabama. “The City of Birmingham’s commitment to neighborhood revitalization remains strong,

Bham Now, March 17, 2022, GROWTH by NCRC is breaking ground + barriers through affordable housing This month, Birmingham, local Augustus Payne, is able to become a first-time homeowner after a $25M revitalization plan between GROWTH by NCRC and the City of Birmingham to provide affordable housing. Keep reading to find out exactly how this was able

The Birmingham Times, March 18, 2022, Birmingham Mayor Woodfin, public-private partnership deliver affordable homeownership Three new homeowners are looking forward to getting the keys to their homes after a ribbon-cutting Thursday at the newly developed Oak Hill area of Belview Heights in Ensley. The ceremony was the culmination of an objective by Mayor Randall Woodfin

Micro B Life, March 17, 2022, When Did Gentrification Start In Nyc The history of gentrification in America starts in the 1960s when the term was coined. Over the next five and a half decades communities have wielded varying tools and strategies in response to gentrification’s challenges. A new study claims San Francisco and Oakland are the

OA JF, March 17, 2022, Addressing Structural Inequities, a Necessary Step Toward Ensuring Equitable Access to Telehealth for Medication Abortion Care During and Post COVID-19 Research indicates that health disparities based on social status and race/ethnicity exist and persist in the US. A past filled with disinvestments and isolation of communities of color keep telehealth

Spectrum News 13, March 15, 2022, In Orlando, one mixed-income housing approach aims to break cycles of concentrated poverty The so-called “American Dream” of homeownership hasn’t ever been equally accessible to everyone. But the pandemic era’s inflated housing market has clarified just how disproportionately uneven the odds are for many marginalized groups. The gap in

Politico, March 15, 2022, A come-to-Jesus moment on financial nominations Sens. Joe Manchin (D-W.Va.) and Susan Collins (R-Maine) have all but sealed the fate of President Joe Biden’s nominee to be the nation’s top bank regulator. What happens next will determine whether Biden can get anyone confirmed to the job this year, before Republicans potentially take back the upper chamber. “There’s

Vital Law, March 14, 2022, COMMUNITY DEVELOPMENT—NCRC offers suggestions for CRA reform The report offered suggestions for reforming the CRA that the organization believes would result in underserved communities benefiting from significantly more reinvestment.