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It’s time for policymakers and mortgage lenders to promote special purpose credit programs to help close the racial wealth gap

By / / Views / 4 minutes of reading

Although Congress is likely to include funding for several housing programs in the Build Back Better Act that will provide federal assistance for first-generation homeownership, these federal funds are only one of many steps needed to close the racial wealth gap. One of the most important next steps is for policymakers to encourage mortgage lenders to embrace the use of special purpose credit programs (SPCPs).

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Fair Lending Tool webinar

By / / NCRC Videos, Research / 1 minute of reading

Online Event Archive Recorded Thursday, October 28, 2021 Learn how you can use this powerful tool, available to all NCRC members, to produce a report on mortgages, small business lending and bank branch networks for any city, county or metro area in the nation. You’ll also hear from local leaders about how they use this

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NCRC submits comment supporting OCC’s full rescission of disastrous 2020 CRA rule

By / / Press Releases / 4 minutes of reading

The National Community Reinvestment Coalition (NCRC) today submitted a comment letter to the Office of the Comptroller of the Currency (OCC) strongly supporting the OCC’s proposed rescission of it’s disastrous 2020 Community Reinvestment Act (CRA) rule.

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NCRC Comment Letter on OCC Proposal to Rescind its Harmful CRA Final 2020 Rule

By / / Testimony & Regulatory Comments / 14 minutes of reading

(Download) October 29, 2021 Comment on OCC Proposal to Rescind its 2020 rule regarding the Community Reinvestment Act Regulations, Docket ID OCC-2021-0014 To Whom it May Concern: The National Community Reinvestment Coalition (NCRC) and the 108 undersigned organizations strongly support the proposed rescission of the harmful 2020 Office of the Comptroller of the Currency’s (OCC’s)

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NCRC, Four Other National Advocacy Groups, Author Letter to Treasury Department over Bank Charters for Stablecoin Issuers

By / / Testimony & Regulatory Comments / 3 minutes of reading

October 28th, 2021 The Honorable Janet Yellen Secretary U.S. Department of the Treasury 1500 Pennsylvania Avenue, NW Washington, DC 20220 Re: Opposition to bank charter for stablecoin issuers Dear Secretary Yellen, Americans for Financial Reform, The Center for Responsible Lending, National Community Reinvestment Coalition, National Consumer Law Center (on behalf of its low-income clients), and

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NCRC Member Profile: SAGE

By / / Field Notes / 3 minutes of reading

SAGE is a national leader in addressing issues related to lesbian, gay, bisexual and transgender (LGBT) aging. In partnership with its constituents and allies, SAGE works to achieve a high quality of life for LGBT older people, supports and advocates for their rights, fosters a greater understanding of aging in all communities, and promotes positive images of LGBT life in later years.

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NCRC comment letter on FHFA affordable housing goals

By / / Testimony & Regulatory Comments / 13 minutes of reading

(Download) October 25, 2021 Clinton Jones, General Counsel Attention: Comments/RIN 2590-AB12, Affordable Housing Goals Federal Housing Finance Agency Dear Mr. Jones: The National Community Reinvestment Coalition (NCRC), an association of more than 600 community-based organizations seeking to increase access to credit and capital for traditionally underserved communities, appreciates the opportunity to comment on the proposed

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NCRC comment on FHFA equitable housing finance plans

By / / Testimony & Regulatory Comments / 19 minutes of reading

(Download) October 25, 2021 Clinton Jones, General Counsel Attention: Comments/RFI, Equitable Housing Finance Plans Federal Housing Finance Agency Dear Mr. Jones: The National Community Reinvestment Coalition (NCRC), an association of more than 600 community-based organizations seeking to increase access to credit and capital for traditionally underserved communities, appreciates the opportunity to comment on the preparation

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NCRC and M&T Bank Announce $43 Billion Community Growth Plan To Support Underserved and Communities of Color, Small Businesses

By / / Press Releases / 15 minutes of reading

M&T Bank Corporation (NYSE: MTB) (“M&T”) and the National Community Reinvestment Coalition (NCRC) announced today the bank’s plan to contribute $43 billion in loans, investments an

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