Fortune, January 27, 2022, 3 keys to a resilient post-pandemic recovery To build a better future, the emphasis must now shift from defensive measures and short-term goals to a sustainable, inclusive growth agenda. Growth is a precursor to economic development. A sustainable inclusive growth agenda will focus on growth that supports the health and repair […]
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USA Today, January 25, 2022, What’s the price of community? Infrastructure law devotes $1 billion to reconnect neighborhoods split by interstates President Joe Biden’s $1.2 trillion Infrastructure Investment and Jobs Act includes $1 billion to reconnect minority neighborhoods…Experts and advocates told USA TODAY more resources are needed despite the historic investment. “When you look at
Texas Tribune, January 21, 2022, Texas eviction filings among the nation’s highest as millions of rent relief dollars go unspent Eviction filings in several Texas cities are among the highest in the nation — even as millions of federal dollars aimed at helping struggling renters have sat unspent so long in some counties that the
Politico, January 19, 2022, (Opinion) Why Are Minority-Owned Banks Disappearing? Washington Holds the Smoking Gun At the moment the Great Recession hit in 2008, America boasted 215 minority-owned banks. Today, only 146 so-called “minority depository institutions” remain. Before we face another recession, Congress and the White House should erect a safety net explicitly designed to
Washington Post, January 20, 2022, Affordable housing markets that are expected to gain the most value in 2022 While most housing markets experienced price appreciation, high demand and limited supply in 2021, researchers at NAR identified 10 housing markets as “hidden gems” that have room to grow in 2022. The top 10 housing markets that
With a new chairman taking the helm of the Federal Deposit Insurance Corporation (FDIC), the National Community Reinvestment Coalition (NCRC) joined with more than a dozen other organizations in calling for the FDIC to “stop permitting its supervised institutions to front for predatory lenders evading state interest rate limits.”
(Download) February 4, 2022 The Honorable Martin Gruenberg Acting Chairman Federal Deposit Insurance Corporation 1776 F Street, NW Washington, DC 20006 Rohit Chopra, Director Consumer Financial Protection Bureau 1700 G Street, NW Washington, DC 20220 Michael Hsu, Acting Comptroller Office of the Comptroller of the Currency 400 7th Street, SW Washington, DC Dear Acting Chairman
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Old National Bancorp (Old National) and the National Community Reinvestment Coalition (NCRC) today announced an $8.3 billion Community Growth Plan that builds on its long-standing commitment to support historically underserved and economically disadvantaged individuals, families and communities throughout its footprint. The plan was developed in collaboration with NCRC and its members and is subject to
In a letter to the Senate Banking Committee, NCRC and 29 member groups urged confirmation of Bloom Raskin, Dr. Lisa Cook and Dr. Phillip Jefferson as Federal Reserve Board governors. The committee is scheduled to consider all three nominations in a hearing Thursday, Feb. 3.
NCRC Urges Senate To Confirm Bloom Raskin, Cook And Jefferson to Federal Reserve Board Read More »
(Download) Senator Sherrod Brown Chairman U.S. Senate Committee on Banking, Housing, and Urban Affairs 534 Dirksen Senate Office Building Washington, D.C. 20510 Dear Chairman Brown, The National Community Reinvestment Coalition (NCRC) and the undersigned organizations would like to express strong support for the nomination of Sarah Bloom Raskin to serve as Vice-Chair of Supervision for
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A review of mortgage data from 2020 reveals how the private lending market continues to inadequately serve most households of color. This is despite government-backed mortgages designed to assist low- and moderate-income (LMI) households. To solve this ongoing and enduring failure, the National Community Reinvestment Coalition (NCRC) recommended a set of actions by federal bank regulators,
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Westword, January 19, 2022, Small Business Spotlight: Conscious Real Estate Combines Selling Houses With Philanthropy Denver’s real estate market is not just hot, it’s ablaze. But sizzling real estate markets often result in scorched neighborhoods from gentrification. In a 2020 report from the National Community Reinvestment Coalition, Denver ranks as the second-most-gentrified city in the nation, just
Fingerlakes1.com, January 19, 2022, Low to moderate income families, people of color excluded from mortgage market The mortgage industry has been in overdrive since the COVID-19 pandemic began in 2020, but low- to moderate-income families and people of color have not benefited from the plummeting interest rates overall. The explosion of refinance lending reinforced historical
Pittsburgh Jewish Chronicle, January 3, 2022, After 20 years, Richard Rattner will relocate William Penn Tavern to Lawrenceville Richard Rattner spends his mornings at William Penn Tavern. Other than the occasional delivery person, he’s often the only one at the bar. Well before Rattner opened the tavern in Shadyside 20 years ago, he was active
The Center for Public Integrity, January 18, 2022, Home lending remains unequal The National Community Reinvestment Coalition, tapping federal data, found that Black and Latino borrowers were still receiving loans to purchase homes in 2020 at lower rates than white borrowers. And the boom in refinancing touched off by falling mortgage rates in 2020 disproportionately benefited homeowners
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