The Central Ohio Community Land Trust (COCLT), a subsidiary of the Central Ohio Community Improvement Corporation (COCIC), has signed an agreement with NCRC Housing Rehab Fund to build 20 new homes in the Near Eastside and Southside neighborhoods.
A $90 billion premium comes out of the equity that we all pay. Higher fees make it harder for renters to become homeowners. They erode the price a seller can expect to receive for their home. This is a bill that falls disproportionately on LMI and minority families, one the reinforces the growing racial and income wealth gaps.
The $90 Billion Bill We Pay Each Year for Non-Bank Mortgage Lenders Read More »
Fannie Mae and Freddie Mac’s “affordable housing goals ensure that all credit-worthy people have access to quality mortgages,” Jesse Van Tol, CEO of the National Community Reinvestment Coalition, said in a statement. “Their affordable housing obligations should be strengthened, not weakened, before ending the government’s conservatorship.”
Realtor: Housing Finance Reform Battle Lines Drawn in Senate Hearing Read More »
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.
ValueWalk: Groups send Community Reinvestment Act reform letter to regulators Read More »
Artificial intelligence in housing could completely change the way we buy, sell and live.
MarketWatch: Why buying and selling a house could soon be as simple as trading stocks Read More »
Today, 520 state and national community-based groups called on the three federal bank regulatory agencies that implement the Community Reinvestment Act (CRA) to not include a one-ratio metric in the upcoming proposed CRA rule change.
More than 500 community-based groups send CRA reform letter to regulators Read More »
Millions more American children are attending school with students of other races, even as many urban schools remain deeply segregated.
The Washington Post: The changing face of school integration Read More »
The Trump administration has made no secret of its xenophobia from its first days in office. The number of refugees arriving in the country plummeted from around 97,000 in 2016 to 23,000 in 2018.
The New York Times: Blessed Are the Refugees Read More »
Essentially it boils down to a problem of money. Because of scant concern on the part of haves for housing affordability challenges faced by have-nots, relatively little political support exists for taxation needed to effectively address and solve affordable housing problems.
Across Baltimore, the hottest areas tend to be the poorest and that pattern is not unusual. In dozens of major U.S. cities, low-income neighborhoods are more likely to be hotter than their wealthier counterparts, according to a joint investigation by NPR and the University of Maryland’s Howard Center for Investigative Journalism.
NPR: As Rising Heat Bakes U.S. Cities, The Poor Often Feel It Most Read More »
September 17, 2019 The Honorable Jerome H. Powell Chairman, Federal Reserve Board of Governors 20th Street and Constitution Avenue, NW Washington, DC 20551 The Honorable Joseph Otting Comptroller of the Currency 400 7th Street, SW Washington, DC 20219 The Honorable Jelena McWilliams Chairman, Federal Deposit Insurance Corporation 550 17th Street, NW Washington, DC 20429 Dear
Letter to Regulators on Proposed CRA One-Ratio Reform Read More »
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 Will Gonzalez, Esq Read More »
September 12, 2019 RE: NCRC Comment Letter on AmeriNat Charter Application To Whom it May Concern: The National Community Reinvestment Coalition (NCRC) maintains that AmeriNat’s application for an Industrial Loan Charter (ILC) has not demonstrated a significant commitment to meeting the convenience and needs of the community to be served as required per the Federal
NCRC comment letter on AmeriNat charter application Read More »
Washington-area elected officials voted Wednesday to push their local governments to address the region’s affordable-housing shortage by setting individual targets to increase production of low- and medium-cost housing by 2
While the administration says affordable housing goals would be replaced with a more “efficient, transparent, and accountable mechanism,” like a fee that would go to HUD to promote affordable housing, consumer and civil rights groups are suspicious. “Essentially they are trying to shrink the government footprint in the market and introduce private guarantors that won’t have the same obligations as Fannie Mae and Freddie Mac,” said Jesse Van Tol, chief executive of the National Community Reinvestment Coalition.
Vanity Fair: Trump wants to make mortgages more expensive for minorities Read More »
