Cincinnati WCPO, March 3, 2023, Terry Horton Is Black. He Says His Property Was Valued $100,000 Lower Because Of His Race. Horton contacted the National Community Reinvestment Coalition (NCRC), which received a report from Cincinnati-based appraisal expert Derrick Mayes. The complaint says Mayes issued a report stating “it is our opinion that some degree of […]
Candy’s Dirt, March 7, 2023, Dallas Program Aims To Protect Neighborhoods Against Displacement, But Hurdles Make It Hard For Seniors The City of Dallas Housing and Homelessness Solutions Committee heard a progress report last week on the “Dallas Anti-Displacement Toolkit” from James Armstrong and Stephanie Champion of Builders of Hope. The team is building affordable homes
Insider Intelligence, March 6, 2023, Brown Asks The OCC To Hold Public Meetings In Communities Where Bank Branches Are Closing Sen. Sherrod Brown sent a letter to the Officer of the Comptroller of the Currency (OCC) asking the agency to meet with low- and moderate-income communities to talk about proposed bank branch closures in their areas. He requested
American Banker, March 3, 2023, The CRA Has Little Impact On Household Credit. Can Regulators Change That? The Federal Reserve Bank of New York published a study that found that CRA did virtually nothing to increase credit access or change borrower outcomes in designated low- and moderate-income communities, where households live on less than 80% of
American Banker, March 8, 2023, Small Businesses Return To Traditional Credit Sources — With A New Twist About 40% of small businesses applied for loans, lines of credit or cash advances last year, up from 25% in 2021, according to a survey by the 12 regional Federal Reserve banks. At the same time, only 34%
The New York Times Magazine, March 9, 2023, Why Poverty Persists In America On the problem of poverty, though, there has been no real improvement — just a long stasis. As estimated by the federal government’s poverty line, 12.6% of the US population was poor in 1970; two decades later, it was 13.5%; in 2010,
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The Washington Post, March 3, 2023, Google Releases Civil Rights Review, Caving To Years Of Pressure The company disclosed in an April filing it retained a member of the firm, Debo Adegbile, “to inform our work and program development” related to equity, but did not reveal plans for the review until it was released Friday.
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The Hill, March 3, 2023, Housing Affordability Hits Historic Low “Many millennials were able to buy homes before or during the pandemic homebuying boom, but many others were priced out of homeownership and forced to keep renting,” Marr added. This was due largely to a combination of persistently high prices and surging mortgage rates, which
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American Banker, March 2, 2023, Senate Democrats Ask Regulators To More Closely Monitor Zelle The lawmakers — including committee Chairman Sherrod Brown of Ohio as well as Sens. Bob Menendez of New Jersey, Elizabeth Warren of Massachusetts, and Mark Warner of Virginia — in a letter Thursday urged the Federal Reserve Board, the Federal Deposit
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“The TABS Act is a free pass to Wall Street and a threat to household finances for the rest of us.”
NCRC Statement In Opposition To The TABS Act Read More »
NCRC’s Emerging Leaders Reception is a networking event for young professionals from across the country pursuing a career in the community development field.
Online Event Archive Recorded February 23, 2023 Banks have the capital to be a catalyst for change in your neighborhood and can be critical community partners. This presentation will cover how NCRC uses the Community Reinvestment Act (CRA) to secure community benefits agreements with banks and explore how CRA can be used to increase reinvestment
American Banker, March 2, 2023, As Credit Unions Push For Diversity, Politics Start To Push Back Corporate culture across the industry is one of the main challenges impeding the progress of diversity, as many boards of directors tasked with succession planning aren’t selecting young talent to join the executive ranks over worries surrounding lack of
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Reuters, February 23, 2023, U.S. EPA Unveils $550 Million In Environmental Justice Grants The Environmental Protection Agency will fund organizations, which could include large non-profit groups, tribal nations and universities, that will serve as grantmakers for its new Environmental Justice Thriving Communities Grantmaking program that will invest in community-led projects in areas that have been
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American Banker, February 23, 2023, Mortgage Rates Jump For Third Straight Week Although inflation is slowing, the pace of deceleration still has economists expecting further hikes in the federal funds rate this year, sending mortgage averages upward. They could head even higher over the next several days depending on results of upcoming data releases. “This
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