Re-centering CDFI work on its Civil Rights origin
In this session, we addressed the need to go back to the civil rights roots of CDFIs to address the persistent racial wealth gap.
CRA
Historic Overhaul Of Lending Equity and Community Reinvestment Act Rules Presents Crucial Opportunity To Heal National Divides
NCRC Applauds Rigorous Work To Overhaul Community Reinvestment Act In Consultation With Stakeholders
Reforming the Community Reinvestment Act to Meet 21st Century Challenges
The Community Reinvestment Act is getting its first major overhaul since the 1990s. What should be changed, and how?
Position Paper on CRA Reform
(Download) The 123 undersigned organizations are pleased that the federal bank agencies will be proposing an interagency rule implementing the Community Reinvestment Act (CRA) in the near future. CRA has been instrumental in leveraging bank financing for retail lending and community development in low- and moderate-income (LMI) communities since its passage in 1977. A critical …
How about a ‘Presumption of “Needs to Improve?’”
Prioritizing racial equity is the most important CRA reform the Fed can tackle, said CEO Horacio Mendez at the New York City-based Association for Neighborhood and Housing Development annual conference in October.
NCRC applauds New York expansion of state Community Reinvestment Act to cover non-banks
New York is now among a group of states, including Illinois and Massachusetts, that have recognized the need to ensure that all lenders, not just banks, make mortgages available to credit-worthy borrowers in all communities.
CRA regulations, examination procedures should include explicit focus on race
Not only is it feasible, it is also constitutional to add a robust consideration of race to the requirements of the Community Reinvestment Act (CRA), a new report argues. The report, from the National Community Reinvestment Coalition (NCRC) and the civil rights law firm Relman Colfax PLLC, calls on CRA regulators at the Office of …
CRA regulations, examination procedures should include explicit focus on race Read More »
Massachusetts CRA for Mortgage Companies: A Good Starting Point for Federal Policy
The Massachusetts experience indicates that applying CRA to mortgage companies nationwide is feasible and likely would increase their retail lending and community development activity in lower-income communities.
NCRC statement on American Housing and Economic Mobility Act of 2021 (S. 1368, H.R. 2768)
Strengthening and expanding the reach of the Community Reinvestment Act and duties to serve throughout the financial sector has to be at the forefront of policy questions about racial equity, the racial wealth gap and expanding financial inclusion for lower income communities.
Principles for CRA Reform: Strengthen Communities, Exams and Accountability
The following are principles of reform; if the agencies contradict or contravene these principles, we will oppose any additional regulatory changes just as we have opposed the OCC final rule. Reforming CRA must not become a pretext for relaxing CRA.
CRA Overhaul Comments to the Federal Reserve: Banks say, “No, We Can’t” and community groups say “Yes, You Can”
Reading the comment letters from industry and community groups regarding the Federal Reserve Board’s (board) Advanced Notice of Proposed Rulemaking on the Community Reinvestment Act (CRA), I am reminded of the childhood tale of the “Little Engine that Could,”
First Citizens Bank Announces $16 Billion Community Benefits Plan with NCRC
First Citizens Bank announced today a $16 billion community benefits plan — developed in collaboration with the National Community Reinvestment Coalition (NCRC) — that builds on its work to reinvest in low- and moderate-income (LMI) communities and neighborhoods of color.
Member Profile: People’s Self-Help Housing
We build affordable homes with site-based services that offer opportunities to change lives and strengthen communities. People’s Self-Help Housing is the longest-serving nonprofit housing organization on California’s Central Coast.
NCRC comment on OCC scoring methodology
(Download) February 2, 2021 RE: NCRC Comments on Docket ID OCC 2020–0025, Community Reinvestment Act regulations, methodology for determining thresholds on general performance standards To Whom it May Concern: The National Community Reinvestment Coalition, an association of community-based organizations dedicated to increasing lending and investing in underserved communities, opposes the Office of the Comptroller of …
RULING: Federal Court Rejects Trump Admin’s Effort to Evade Accountability for Unlawfully Gutting Anti-Redlining Protections
“The harm caused by the Trump Administration’s unlawful evisceration of anti-redlining rules is real and urgent. We are pleased the court rejected the Trump Administration’s shameful attempt to evade accountability for gutting a crucial anti-redlining law. We will continue to press forward in our case to protect marginalized communities and return the protections of the Community Reinvestment Act from the Trump Administration’s continued unlawful grip.”
