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President Biden Signs Executive Order Directing HUD to Address History of Systemic Racism

By / / Press Releases / 2 minutes of reading

I applaud President Biden for signing four executive orders today that will help advance the goal of racial equity. The order directing HUD to address the nation’s long history of systemic racism in housing is of particular importance to us. Acknowledging the federal government’s role in perpetuating segregation, including the lasting impacts of redlining, is essential to addressing America’s ever growing racial wealth divide.

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CRA’s First Aid Kit: Tools and Resources for Hospitals, Health Systems and Medical Professionals to Support CRA Modernization

By / / Testimony & Regulatory Comments / 6 minutes of reading

Access to housing, jobs, transportation, education, healthy food and recreation are the building blocks for a healthy community, outside of clinical care. Working with banks to support those building blocks is supported by a robust CRA.

CRA’s First Aid Kit: Tools and Resources for Hospitals, Health Systems and Medical Professionals to Support CRA Modernization Read More »

A Steely National Resolve Is Needed to Achieve an Equitable Recovery

By / / Views / 2 minutes of reading

Rebuilding vulnerable communities reeling from the economic ravages of COVID-19 pandemic will require a heightened public-private partnership—one defined not just by resolute individual and entrepreneurial initiative, social enterprise, and nonprofit capacity-building, but also by thoughtful and visionary public policy re-envisioned with these communities in mind. 

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Joint letter urging the incoming Biden Administration to include homeowner assistance in the proposed American Rescue Plan

By / / Testimony & Regulatory Comments / 8 minutes of reading

(Download) January 16, 2021 Joe Biden President-Elect Wilmington, DE Dear President-Elect Biden, We appreciate your leadership on COVID relief and Thursday’s announcement of a comprehensive effort to provide an emergency legislative package. The proposal includes many crucial priorities to heal our nation from the COVID-19 pandemic, both medical and economic, including additional rental assistance. We

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GROWTH by NCRC AND Benedict-Allen Community Development Corporation Announce the Completion of Eight New Affordable Homes

By / / Press Releases / 3 minutes of reading

The NCRC Housing Rehab Fund (GROWTH) and the Benedict-Allen Community Development Corporation today announced the completion of eight new affordable homes north of the Benedict College campus in downtown Columbia, South Carolina.

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NCRC Recommends New Way to Establish CRA Assessment Areas for Branchless Banks

By / / Press Releases / 2 minutes of reading

By using a different metric – loans per one thousand people – the National Community Reinvestment Coalition (NCRC) in a recent paper was able to identify smaller states and metropolitan areas that are underserved by traditional banks but are better served by branchless banks.

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NCRC launches $5 million Field Empowerment Fund to support nonprofits and CDFIs that promote wealth in traditionally underserved communities

By / / Press Releases / 2 minutes of reading

Today, the National Community Reinvestment Coalition (NCRC) announced a new $5 million grant program funded by Morgan Stanley to help its member organizations recover and rebuild from the coronavirus pandemic. 

NCRC launches $5 million Field Empowerment Fund to support nonprofits and CDFIs that promote wealth in traditionally underserved communities Read More »

New PPP, Economic Injury Disaster Funding Now Open for Business

By / / Field Notes / 3 minutes of reading

The new Paycheck Protection Program (PPP) portal opened January 11, 2021 for new and certain existing PPP borrowers. The new rules from the Small Business Administration (SBA) on both PPP and the targeted Economic Injury Disaster Grant (EIDL) aim to correct some of the lending discrimination uncovered in the first round.

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