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Affordable Housing Advocates and Small Lenders Join Together is Applauding Dir. Mel Watt Commitment to Shoring Up the Reserves at Fannie Mae and Freddie Mac

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Washington, DC – Leaders of the National Community Reinvestment Coalition (NCRC), Community Home Lenders Association (CHLA), Community Mortgage Lenders of America (CMLA), Corporation for Enterprise Development (CFED), Leadership Conference on Civil and Human Rights, Leading Builders of America, League of United Latin American Citizens (LULAC), NAACP and the National Urban League released the following joint statement in anticipation of Treasury Secretary Steve Mnuchin’s testimony before the U.S. Senate Banking

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NCRC Applauds FHFA Director Watt’s Call for GSEs to Retain Their Profits

By / / Press Releases / 3 minutes of reading

Washington, DC – Today, in response to Federal Housing Finance Agency (FHFA) Director Mel Watt’s testimony before Congress warning of a possible bailout of the government-sponsored enterprises (GSEs) from the U.S. Department of Treasury and supporting retention of the GSEs’ profits rather than turning them over to the U.S. Treasury, the National Community Reinvestment Coalition’s

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NCRC Testifies at CFPB Field Hearing on Small Business Lending Trends

By / / Press Releases / 2 minutes of reading

Washington, DC – Today, National Community Reinvestment Coalition (NCRC) Senior Advisor Josh Silver testified before a Consumer Financial Protection Bureau (CFPB) field hearing regarding small business lending trends. In the testimony, NCRC detailed the difficulties that many women-, minority-owned, and very small businesses experience accessing small business lending. NCRC also discussed the benefits of the

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Rural Communities and Several Major Urban Areas Bear Brunt of Bank Branch Closures Since Financial Crisis With Emergence of 86 New ‘Banking Deserts,’ NCRC Report Says

By / / Press Releases / 3 minutes of reading

Maryland, Nevada, Georgia experience largest state-level declines in bank branches, NCRC report says. Biggest county-level declines in Baltimore County, Md.; Marion County, Ind.; Philadelphia, Pa. Click here to visit the web tool. Washington, DC – Due to the closure of more than 6,000 bank branches nationwide since the financial crisis, rural communities around the country are experiencing a troubling

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2017 NCRC Policy Agenda Individual Fact Sheets

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Invest Local Defend CRA From Efforts to Weaken It Improve Accountability for CRA Activities With Tougher Bank Examinations and Timely Release of CRA Ratings Identify and Enforce Public Benefits Claimed by Banks in Mergers and Acquisitions and Require Specific Description of Public Benefits of Mergers Reduce FHA’s Mortgage Insurance Premium to Make Homeownership More Accessible

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NCRC Responds to Release of Financial CHOICE Act 2.0

By / / Press Releases / 2 minutes of reading

Washington, DC – Today, in response to the release of the Financial CHOICE Act 2.0 by the Chair of the House Financial Services Committee, Jeb Hensarling, NCRC’s President and CEO John Taylor made the following statement. “This bill is a disaster in the making. It should be called the ‘The NO-CHOICE Act;’ it removes people’s access

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Policy and Advocacy: Federal Budget Campaign

By / / Uncategorized / 4 minutes of reading

Documents Budget Summary (Updated as of May 23, 2017) Resources CDBG: https://www.hudexchange.info/programs/cdbg/cdbg-performance-profiles/ CDFI: https://www.cdfifund.gov/awards/state-awards/Pages/default.aspx CHOICE Neighborhood https://portal.hud.gov/hudportal/documents/huddoc?id=implementgrantlist.pdf\ https://portal.hud.gov/hudportal/HUD?src=/program_offices/public_indian_housing/programs/ph/cn/grants https://portal.hud.gov/hudportal/HUD?src=/program_offices/public_indian_housing/programs/ph/cn/grantees HOME Investment https://www.hudexchange.info/programs/home/home-activities-reports/ https://www.ncsha.org/homecoalition/home-coalition-resources-by-state Prime Program: https://www.sba.gov/content/prime-grantees https://www.sba.gov/content/sba-awards-5-million-prime-grants-6 Community Development Block Grant (CDBG)The Community Development Block Grant (CDBG) program is a flexible program that provides communities with resources to address a wide range of unique community development

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