Presentation at the 2018 Just Economy Conference. Session Title: Community Development Finance Institutions & Justice: Meeting the Challenge of Success In 1973 the first CDFI, South Shore Bank, issued a rallying cry, “Let’s Change the World.” In 45 years, the industry grew from a quiet social justice movement to a $130 billion dollar industry aligning capital […]
Presentation at the 2018 Just Economy Conference. by William Eager, Vice President, Chicago Area, Preservation of Affordable Housing, Inc. Session Title: Can we Preserve Affordable Housing in Gentrifying Neighborhoods? As cities increasingly gentrify, what is being done to preserve housing both renters and homeowners can afford? The challenges facing traditionally lower-income communities and families continue to depress
Slides: Can we Preserve Affordable Housing in Gentrifying Neighborhoods Read More »
Jesse Van Tol, the CEO of the National Community Reinvestment Coalition, said he’s worried that Otting appears to be trying to make it easier for banks to meet CRA requirements.
NPR: Former banker, now regulator wants to allow banks to make payday-style loans Read More »
In Baltimore and other segregated cities, the life-expectancy gap between African Americans and whites is as much as 20 years. One young woman’s struggle shows why.
The Atlantic: Being black in America can be hazardous to your health Read More »
Developers are taking on residential building challenges by extending the concept of prefabricated housing to manufacture entire apartment buildings.
The New York Times: Piece by piece, a factory-made answer for a housing squeeze Read More »
Kathy Smith has lived in Harlem for 19 years, and says “Harlem is not only a place, it’s a spirit, a feeling.
The New York Times: Finding a way to stay in Harlem Read More »
For years, an unwavering certitude of industry, think tanks, demographers, policy-makers and city planners everywhere has been that humanity is moving to the city: We just needed to figure out how to house, employ and feed everyone in a condensed space.
Axios: Millennials are moving to the exurbs in droves Read More »
The European law thus implicitly recognizes that privacy is a matter of civil rights. The United States Congress should, too.
The New York Times: A license to discriminate Read More »
Philadelphia, where the median rent for a one-bedroom unit is up 2.8 percent to $1,490, is the 18th most expensive market in the country, Zumper has found.
The Inquirer: Rents are on the rise again in Philadelphia and nationally Read More »
Public bank advocates argued that the status quo — private banks’ storing and managing of public funds — results in taxpayer money being directed to harmful purposes such as fracking, gun manufacturing and sales, and, particularly in NYC, developers who take out bank loans to acquire rent-stabilized buildings and flip them into market-rate apartments or condos.
Next City: Movement to get public money out of Wall Street comes to Wall Street Read More »
June 8, 2018 Senator Sanders, members of the Committee, my name is Stella Adams, and I serve as the Chief of Equity and Inclusion for the National Community Reinvestment Coalition, more commonly known as NCRC. NCRC creates, implements, and supports long-term solutions and strategies that build community and promote individual economic well-being. The programs of
Testimony of Stella Adams before the New York State Senate Democratic Conference Read More »
(Download PDF) June 13, 2018 Dear Chairman McWilliams, Comptroller Otting, and Chairman Powell: Since 1977, the Community Reinvestment Act (CRA) has driven inclusion and equity in the financial markets. The act compels banks to serve the credit needs of their communities. It became an indispensable tool for historically marginalized communities excluded from the financial mainstream.
Sign-on letter regarding CRA regulatory reform Read More »
In 1977, Congress enacted the Community Reinvestment Act (CRA) and required federal bank agencies to assess the record of banks in meeting needs for credit and banking services in communities in which banks are chartered. The federal bank agencies responded by creating CRA examinations that assessed banks’ performance in geographical areas containing bank branches and
The importance of CRA assessment areas and bank branches Read More »
Let’s bring the Community Reinvestment Act into the 21st century.
Nextcity: Why you should still care about the Community Reinvestment Act Read More »
Jackson calls on CEO Jeff Bezos to create a board of directors and a workforce that looks more like America.
