Inside Mortgage Finance, August 20, 2021, Mortgage Lenders Spot Opportunities As Hispanic Population Rises Observers point to forecasts of continued growth in the demographic, especially among young Hispanics aging into household formation and first-time home purchases.
Bankrate, August 20, 2021, 5 Ways Real Estate Power Players Are Tackling The Racial Gap In Homeownership For decades, the racial gap in homeownership has remained a stubborn reality. Just 45 percent of Black Americans owned their homes in the second quarter of 2021, compared to nearly 74 percent of White Americans, according to the U.S. Census
Bankrate: 5 Ways real estate power players are tackling the racial gap in homeownership Read More »
Market Watch, August 21, 2021, As Mortgage Rates Hover Near Historic Lows, Will Americans Be Able To Take Advantage Of The Savings? Supply restrictions and difficulty accessing credit could make the continued spate of low interest rates a wasted opportunity for many people. And new mortgage data suggests that people of color are particularly missing
FNTalk, August 17, 2021, The Resilience Of New York’s Black Homeowners After declining for much of the past 20 years, the national Black homeownership rate has stayed near 42% from 2016 to 2019, the lowest since 1970, while the rate of white homeownership reached 73%, a record high, according to the National Community Reinvestment Coalition,
FNTalk: The Resilience of New York’s Black Homeowners Read More »
The National Herald, August 13, 2021, Eleni Delimpaltadaki Janis On Collaborating With SNF To Support Small Businesses Eleni Delimpaltadaki Janis, Greece native and co-founder of the investment firm Equivico, expressed her belief that the economy “cannot evolve and grow unless basic social and economic issues are resolved.” She spoke with The National Herald noting the
American Military News, August 8, 2021, Lenders Again Are Targeting Veterans With Predatory Home Loans For years, active-duty military and veterans looking to buy or refinance a home were the targets of unfair lending schemes, ranging from pricey fees and high interest rates to unfavorable refinancing plans — a practice that was the focus of
Democratic Underground, August 3, 2021, Rep. Porter Report Details Exploitation In VA Home Loan Program Congresswoman Katie Porter (CA-45) today released a report revealing how predatory mortgage lenders are still exploiting military borrowers, despite years of efforts to prevent such abuses. “AWOL: How Watchdogs Are Failing to Protect Servicemembers from Financial Scams” analyzes new government
Democratic Underground: Rep. Porter Report Details Exploitation In VA Home Loan Program Read More »
Donald W. Reynolds Journalism Institute, August 11, 2021, Financing Multicultural Media: New Collaboration Positions Publishers of Color As Catalysts For Equitable Community Development A robust, resilient and diverse media ecosystem is as essential to a community’s well-being as affordable housing, reliable transportation and accessible capital. And yet the institutions we often turn to for funding
(Washington, D.C.) — Following Senator Raphael Warnock’s (D-GA) introduction of the Senate companion to the Downpayment Toward Equity Act, which would allocate $100 billion in funding for first-time homebuyers, the National Fair Housing Alliance, the National Coalition for Asian Pacific American Community Development, the National Urban League, the National Community Reinvestment Coalition, the Center for Responsible Lending, UnidosUS, and the Leadership Conference on Civil and Human
The Injustice of Redlining For decades, starting at least in the 1930’s, low-income and minority communities were intentionally cut off from lending and investment through a system known today as redlining. Today, those same neighborhoods suffer not only from reduced wealth and greater poverty, but from lower life expectancy and higher incidence of chronic diseases.
The Injustice of Redlining Read More »
The National Community Reinvestment Coalition (NCRC) has filed fair housing complaints against three real estate providers for discriminating against prospective Asian American clients.
NCRC Files Complaints Against Real Estate Agents For Anti-Asian Business Practices Read More »
Owning a home is one of the main drivers of intergenerational wealth in the U.S. The NCRC (National Community Reinvestment Coalition) works to end discrimination in lending, housing and business by increasing the flow of private capital into traditionally underserved communities.
Johnson believes the UMOJA rink has the potential to shine a much-needed spotlight on Eastmont, and help to jumpstart other business and cultural activities that can stem the displacement of Black people from the neighborhood. Oakland and San Francisco recently topped a list of the “most intensely gentrified” U.S. cities in a study conducted by the National Community Reinvestment Coalition.
Other studies that have tracked resident mobility on broader terms — such as the one on Washington, D.C., that the National Community Reinvestment Coalition conducted — found that the city, now identified as the most gentrified in America, lost more than 20,000 of its African American residents during the city’s gentrification (from 2000 to 2013).
With its alternative structure and ideals, the co-op has secured its first brick-and-mortar location during a pivotal moment for Dorchester. According to a 2017 study by the National Community Reinvestment Coalition, the neighborhood of Dorchester was in the lower 40th percentile of income and home value and therefore “eligible for gentrification.”
