“COVID-19 struck a nation that was already mostly struggling,” the authors wrote. “Recovery in most places will be even more challenging than in those where investment was already concentrated. Unless we act now.”
U.S. News: Report: San Francisco Is the Most Gentrified U.S. City Read More »
The COVID-19 pandemic has called for a recent expansion of telemedicine, demonstrating the benefits of remote care. It has also highlighted the disparities in healthcare that many vulnerable groups already face.
The expansion of telemedicine underscores existing disparities in healthcare access Read More »
Today, the Federal Housing Finance Agency (FHFA) published a proposed rulemaking that creates a new regulatory capital framework for Fannie Mae and Freddie Mac, known together as the government-sponsored enterprises (GSEs).
FHFA proposes new regulatory capital framework for GSEs Read More »
The Consumer Financial Protection Bureau (CFPB) released the 2019 Home Mortgage Disclosure Act (HMDA) data on June 24, 2020, detailing mortgage lending information from nearly all lenders in the United States. HMDA offers details on 9.3 million originations resulting from over 17.5 million applications.
Preliminary Analysis of 2019 HMDA Mortgage Lending Data Read More »
Today, the House of Representatives voted to pass H.J. Res 90, which disapproves of the Office of the Comptroller of the Currency’s (OCC’s) new Community Reinvestment Act (CRA) rules. If the resolution is passed into law, it would make the CRA final rule null and void.
NCRC applauds House passage of resolution to save anti-redlining law Read More »
Today, the Supreme Court ruled that the Consumer Financial Protection Bureau’s (CFPB) structure is unconstitutional. The ruling ended what was supposed to be the director’s total independence from the president, by giving the president the authority to fire the director at will.
NCRC statement on Supreme Court Consumer Financial Protection Bureau ruling Read More »
Same-sex couples paid higher interest rates and closing fees on home loans, a new analysis found.
Mortgage data reveals disparities in same-sex lending Read More »
“If we had the data prior to this moment … we might have understood the vulnerable position many small businesses are in,” said Jesse Van Tol, chief executive of the National Community Reinvestment Coalition advocacy group.
More than 50 years after the Fair Housing Act of 1968 outlawed housing discrimination on the basis of race, sex, national origin and religion, segregation persists. According to the advocacy group National Community Reinvestment Coalition of Washington, D.C., nearly three quarters of the neighborhoods designated as high risk are inhabited by the poor. And 64% are minority neighborhoods.
Northwest Herald: Begalka: Yerkes Observatory example of positive public involvement Read More »
“I don’t think the true pain of this has been discovered yet,” said Dedrick Asante-Muhammad, who serves as chief of race, wealth and community for the National Community Reinvestment Coalition in Washington, D.C.
NCRC also looked at the correlation between gentrification and so-called Opportunity Zones, areas designated by city and state leaders for development and tax breaks.
WTOP: Report: DC no longer most gentrified city in US Read More »
“It’s a combination of economic activity, land use and geography,” said NCRC director of research Jason Richardson. The nonprofit coalition advocates for private reinvestment in underserved communities.
The Mercury News: Oakland, S.F. neighborhoods fastest gentrifying in U.S. Read More »
“This agreement is a product of all of our efforts. This commitment provides First Merchants Bank an opportunity to increase its Community Reinvestment Act activity, and to direct it where it is needed most,” said Jesse Van Tol, NCRC CEO. “This is how the Community Reinvestment Act should work for banks and communities alike.”
Muncie Journal: First Merchants Announces $1.4 Billion Community Benefits Plan Read More »
“This agreement with First Merchants Bank is a significant step forward and reflects practices that all banks can adopt in order to address the racial wealth divide,” said Dedrick Asante-Muhammad, NCRC chief of race, wealth and community.
Inside Indiana Business: First Merchants Makes $1.4B Community Investment Read More »
Kathryn Orr, director of entrepreneurship at the National Community Reinvestment Coalition, describes this current push to support Black businesses as a “reawakening.” “People are recognizing how economics are at the center of racial inequality,” she said.
ABC News: Black-owned businesses see outpouring of support amid George Floyd protests Read More »
