“Garbage in, garbage out,” software engineers say. Likewise, racism in, racism out. Biased developers produce biased code. But from my father, I learned there are ways to fight back. Facing racism encountered daily within IBM, my father relied on his community for support.
And “unfavorable,” lower-income residents are often black or Latino. A March study from the National Community Reinvestment Coalition found that since 2000, 12,000 black Philadelphians alone moved out of gentrifying neighborhoods, reflecting Philadelphia’s notably high level of black displacement in particular. Across the country, the study found black and Latino resident displacement to be a hallmark of gentrification.
The Philadelphia Inquirer: Low-Income Philadelphians Still Face a Gentrification Crisis Read More »
Yet now comes another wrinkle to the story. Not only are red and blue America experiencing two different economies, but those economies are diverging fast. In fact, radical change is transforming the two parties’ economies in real time. Which is a key takeaway of a new data analysis—published today—that we developed with the Wall Street Journal’s Aaron Zitner and Dante Chinni.
Brookings Institute: America Has Two Economies – and They’re Diverging Fast Read More »
This week, California’s governor, Gavin Newsom – a darling of tech capitalists – signed Assembly Bill 5 (AB5) into law. The bill codifies the “ABC test” to determine the applicability of California employment laws and makes it harder for companies to get away with misclassifying workers as independent contractors. If properly enforced, AB5 will have enormous impacts for vulnerable workers in the trucking, janitorial and construction industries.
The Guardian: Let’s Follow California’s Lead and Regulate Companies Like Uber Read More »
Let’s imagine for a moment that we’ve reached the middle of the century. It’s 2050, and we have a moment to reflect—the climate fight remains the consuming battle of our age, but its most intense phase may be in our rearview mirror. And so we can look back to see how we might have managed to dramatically change our society and economy. We had no other choice.
In a letter written and submitted by the National Community Reinvestment Coalition (NCRC), the coalition of housing, consumer protection and community development organizations urged the Federal Reserve, the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation to drop the idea of a “one-ratio” metric from new CRA rules expected to be proposed by the agencies this fall.
Executive summary The National Community Reinvestment Coalition (NCRC) analyzed recent mortgage and small business lending activity in areas that were categorized and “redlined” by the Home Owner’s Loan Corporation (HOLC) during the 1930s. HOLC examiners were sent to over 200 cities 80 years ago to determine the risk associated with neighborhoods. This information was used
Starved!: Significant Mortgage Lending Disparities Still Persist Read More »
Officials say the case came to HUD’s attention when Savannah-Chatham County Fair Housing Council and the mother of two minor children filed complaints alleging that Michael N. and Fonda W. Parker employed a policy limiting the number of children that could reside in their apartments.
In the United States, women now own 12.3 million companies — an increase of almost 60% compared to 10 years ago. These women-owned firms employ more than 8 million people and provide $264 billion in wages to employees.
Denton Record-Chronicle: October is National Women’s Small Business Month Read More »
This is the theory of the unitary executive. The executive branch has a single org chart. And the president must be above everyone else in that chart.
Student debt is not only a crisis for black borrowers but the whole country. Racist public policy created it, and we will need bold structural solutions to fix it.
She’d lived on this historically black D.C. block for 40 years. Now the city she knew was vanishing, and so was her place in it.
The council’s move comes six months after a study indicated displacement of residents is high in major U.S. cities such as Atlanta. In that study, by the National Community Reinvestment Coalition, Atlanta ranked seventh for the highest number of displaced black residents.
AJC: Legacy Tax Program Could Keep Older Atlanta Residents in Their Homes Read More »
Good afternoon, thank you for inviting me here as Chief of Race, Wealth and Community of the National Community Reinvestment Coalition (NCRC) to speak about the racial wealth divide and what must be done to address this critical issue. NCRC was formed in 1990 and has grown into an association of more than 600 community-based
To honor our Hispanic members during Hispanic Heritage Month, we’re shining the spotlight this month on four leaders whose work embodies what it means to give everyone in our communities a chance at economic justice.
Member Spotlight: Q&A with Aidza Antonio Thomas Read More »
