The National Community Reinvestment Coalition (NCRC) has been awarded $1 million from the W.K. Kellogg Foundation to support racial equity research and training for lenders to expand access to credit and capital for small businesses owned by people of color.Â
Even with a conservatorship that has constrained many of the key functions of these institutions, Fannie Mae and Freddie Mac remain vital participants in the nation’s affordable housing ecosystem. Going forward, it is critical that they not be hamstrung by excessive capital requirements that will make mortgage credit more unaffordable for low- and moderate-income and minority borrowers and communities, and undermine the ability of the government-sponsored enterprises (GSEs) to help meet the scale of the affordable housing challenges facing the nation.
To reach a 60% Black homeownership rate in the next 20 years, the number of new Black homeowners each year will need to more than triple, a new report shows.
A bank can be a lifeline when times get tough for your business, but it may be difficult to get a loan if the bank doesn’t know you or trust you. Building that trust can be the difference between rejection or a line of credit. Having a banking relationship is just good for business.
Banking Relationships: How and Why? Read More »
The NCRC Housing Rehab Fund, LLC (NCRC HRF), marketed as GROWTH by NCRC, has appointed Jennifer Powers as National Vice President of Acquisitions.Â
Jennifer Powers Promoted to National Vice President of Acquisitions at GROWTH by NCRC Read More »
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.
First Citizens Bank Announces $16 Billion Community Benefits Plan with NCRC Read More »
More than 100 national and local civil rights, fair lending and consumer rights organizations have urged the Federal Reserve to strengthen the Community Reinvestment Act (CRA), a key anti-redlining and civil rights law.
The National Community Reinvestment Coalition (NCRC) and the Stavros Niarchos Foundation (SNF) today announced the launch of a major new initiative, the SNF Small Business Growth & Recovery Fund.
Widespread support for Illinois’ Predatory Loan Prevention Act, SB 1792, shows some good is coming after a year of violence, chaos and pandemic.
Illinois responds to systemic racism with 36% Rate cap Read More »
Today, the U.S. Department of Housing and Urban Development (HUD) announced that it would enforce the Fair Housing Act to prohibit discrimination based on sexual orientation or gender identity. HUD made the announcement in response to the executive orders previously signed by President Biden late last month.
Dr. Williams was not just a leader in the academic marketing field, but a giant. For the past 30 years, he spent his career working to change the system. He was a prolific author who mentored many people, including me.Â
In memoriam: Dr. Jerome D. Williams, a giant in the fight against systemic racism Read More »
HUD’s withdrawal from the Massachusetts disparate impact case is a first step to definitively end the Trump Administration’s attempt to undermine fair housing enforcement.
NCRC Applauds HUD Withdrawing Appeal in Fair Housing Case Read More »
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.
Member Profile: People’s Self-Help Housing Read More »
Crowdfunding is an option for entrepreneurs seeking seed money to start a new business, funds to support business expansion or to help their business recover from the pandemic. Â
How Crowdfunding Can Help Women Entrepreneurs Read More »
This week, the National Community Reinvestment Coalition (NCRC) and the South Alabama Center for Fair Housing (SACFH) filed a request for reconsideration of the Department of Housing and Urban Development’s (HUD) determination in a fair housing complaint the two organizations submitted in 2017.Â
