Comment to the Federal Housing Finance Agency on Enterprise Regulatory Capital Framework Thank you for the opportunity to comment on the Federal Housing Finance Agency’s (FHFA’s) re-proposed rule on capital requirements for Fannie Mae and Freddie Mac (the governmentsponsored enterprises, or GSEs). In our view, the proposed rule erroneously treats the GSEs as banks and […]
GSE Capital Rule Comment Sign-on Letter Read More »
Disaster preparation For Practitioners Plans, Policies and Steps to Prepare for Disaster and Navigate Through the Aftermath Practitioner’s Guide This guide outlines key steps that nonprofit practitioners should take to prepare their families and help clients mitigate damage and avoid stress. When a nonprofit agency is preparing its operations and staff for a disaster, it
Disaster Preparation for Practitioners Read More »
“Redlining” is still seen and felt in lower-income communities today. How did that happen? How did lending discrimination in the past contribute to the racial wealth divide that centered the Black Lives Matter protests of 2020?
Just Economy Session – Richard Rothstein Read More »
Disaster preparation For Managers Plans, Policies and Steps to Prepare for Disaster and Navigate Through the Aftermath Managers Guide This guide outlines key steps that managers should take to prepare their operations, staff and clients. When a nonprofit agency is preparing its operations and staff for a disaster, it’s all hands-on deck. This step-by-step guide
Disaster Preparation for Managers Read More »
One example of what’s so profoundly wrong with our system comes through analyses of the PPP loan process. The National Community Reinvestment Coalition sent Black and white testers to banks to talk about securing PPP loans for their small businesses. The Black applicants were deliberately given sample profiles that were financially stronger than the white testers. Nonetheless 43% of the time, the white tester received preferential treatment.
Medium: How We Save Our Body Politic Read More »
Redlined neighborhoods, which remain lower-income and more likely to have Black or Hispanic residents, consistently have far fewer trees and parks that help cool the air. They also have more paved surfaces, such as asphalt lots or nearby highways, that absorb and radiate heat.
The New York Times: How Decades of Racist Housing Policy Left Neighborhoods Sweltering Read More »
A study released last month by the National Community Reinvestment Coalition, a lending, housing and business group, found Black potential buyers faced considerable bias at banks where they applied for PPP loans.
Reuters: New Orleans thought Katrina was its worst nightmare – then COVID hit Read More »
Between 2000 and 2013, more than 135,000 residents were displaced from their homes in 230 neighborhoods across the country, according to the National Community Reinvestment Coalition. The majority of these residents, NCRC says, were Black and Hispanic.
In Lancaster County, people of color are more likely to be denied a home loan, based on a 2019 National Community Reinvestment Coalition study of Lancaster County mortgage data.
Lancaster Online: The need to expand housing access for all county residents Read More »
Consumer Action joined nearly three dozen consumer, civil rights, community, housing and privacy groups [including NCRC] in urging the Consumer Financial Protection Bureau (CFPB) to reconsider its decision to bury the narratives of consumer complaints, making it much harder for non-experts to find this essential material in its consumer complaint database.
A rushed rollout in April led to widespread media reports of overloaded systems, processing delays and confusion. Plus, some business owners—at least before certain criteria were relaxed—deemed it too tough to qualify for loan forgiveness in such an uncertain time. Still others weren’t even eligible or were discouraged by the lack of a banking relationship. Perhaps most disturbingly, some were dissuaded from applying because they were Black, an audit by the National Community Reinvestment Coalition showed.
the balance: $134 Bln Goes Untapped After PPP Deters Small Businesses Read More »
The National Community Reinvestment Coalition joined the St. Louis alliance in asking the FDIC to consider Edward Jones a St. Louis-based lender.
The bill is supported by: Asian American Association of America (AREAA); FHLBank of San Francisco; Mainstreet Alliance; National Association of Affordable Housing Lenders (NAAHL); National Association of Realtors (NAR); National Association of Real Estate Brokers (NAREB); National Business League; National Community Reinvestment Coalition (NCRC); National Fair Housing Alliance (NFHA), and National Housing Conference (NHC).
PR Newswire: Senate Bill Seeks To Remove Major Barrier To Black Homeownership Read More »
“It’s interesting that COVID-19 hit at right around the similar time as when the United States of America, really was grappling with issues of racial inequality, ignited by other incidents but ignited by the George Floyd killing. And so we have this public health crisis that was shutting America down as the reality of racial inequality was kind of sparking consciousness raising all across the country,” concurred Dedrick Asante Muhammad, chief of Race, Wealth and Community for the National Community Reinvestment Coalition.
The Final Call: America caught Covid-19; Black America caught hell, says Urban League Read More »
A “mystery shopping” study by the National Community Reinvestment Coalition, a nonprofit in Washington, found that Black businesses with similar or slightly better financial profiles compared to White businesses, were offered different products and treated significantly worse than their White counterparts in 43% of the test encounters at branches of 17 banks.
Mebane Enterprise: NC Business Council – Black Businesses Matter Read More »
