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NCRC

Fifth Third Bank and National Community Reinvestment Coalition Announce $30 Billion Community Development Plan

By / / Press Releases / 21 minutes of reading

Washington, DC – Today, in an agreement reached with the National Community Reinvestment Coalition (NCRC) and its community-based members and allies across the Midwest and Southeast, Fifth Third Bank announced an increase to their landmark community benefits agreement to $30 billion. The commitment covers community development, including lending and investments, between 2016 and 2020. Fifth […]

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NCRC Celebrates 39th Anniversary of the Signing of the Community Reinvestment Act

By / / Press Releases / 3 minutes of reading

Washington, DC – Today, on the 39th anniversary of the date the Community Reinvestment Act (CRA) was signed into law by President Jimmy Carter in 1977, National Community Reinvestment Coalition (NCRC) President and CEO John Taylor made the following statement: “For nearly four decades, the Community Reinvestment Act has been instrumental in creating billions of dollars

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NCRC Applauds Congressional Letters Calling for CRA Regulatory Reform

By / / Press Releases / 2 minutes of reading

Washington, DC – Today, the National Community Reinvestment Coalition (NCRC) applauded letters from members of the U.S. Senate and U.S. House of Representatives to the financial regulators expressing concerns about enforcement of the Community Reinvestment Act (CRA) and calling for reforms to its guidance and regulations. NCRC President and CEO John Taylor made the following

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NCRC Statement on the Release of 2015 Home Mortgage Disclosure Act Data

By / / Press Releases / 4 minutes of reading

Washington, DC – Today, in reaction to the release of the 2015 Home Mortgage Disclosure Act (HMDA) data, the National Community Reinvestment Coalition’s (NCRC) President and CEO John Taylor made the following statement. “It is clear from this data that much more needs to be done to increase responsible lending to low- and moderate-income communities

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NCRC Applauds HUD Announcement Regarding LEP, Domestic Violence, and Gender Identity Protections

By / / Press Releases / 1 minute of reading

Washington, DC – Today, in response to the U.S. Department of Housing and Urban Development’s (HUD) announcement of new rulemakings and guidance to provide protections for individuals with Limited English Proficiency (LEP), victims of sexual harassment and survivors of domestic violence, and to ensure access to fair housing regardless of gender identity, the National Community

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NCRC Statement on H.R. 5983 Committee Vote

By / / Press Releases / 3 minutes of reading

Washington, DC – Today, in response to the vote on the Financial CHOICE Act, H.R. 5983, by the House of Representatives Financial Services Committee, the National Community Reinvestment Coalition’s (NCRC) President and CEO John Taylor made the following statement. Washington, DC – Today, in response to the vote on the Financial CHOICE Act, H.R. 5983,

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As HUD Asks Americans to “Dare to Own the Dream” of Homeownership, NCRC Calls on Obama Administration to Preserve Affordable Housing Goals

By / / Press Releases / 2 minutes of reading

Washington, DC – Today, following a U.S. Department of Housing and Urban Development (HUD) National Homeownership Month “Dare to Own the Dream” event, the National Community Reinvestment Coalition (NCRC) and local community groups called on the Obama Administration to protect and strengthen the affordable housing goals at Fannie Mae and Freddie Mac. NCRC President and CEO

As HUD Asks Americans to “Dare to Own the Dream” of Homeownership, NCRC Calls on Obama Administration to Preserve Affordable Housing Goals Read More »

NCRC Grieves for Orlando Attack Victims

By / / Press Releases / 2 minutes of reading

Washington, DC – Today, in reaction to the attack in Orlando, Florida, NCRC President and CEO John Taylor made the following statement: “When someone faces an attack as a result of their sexual orientation, their race, their color, their country of origin, their gender identity, their disability, or their religious beliefs, it is an attack on

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NCRC Applauds Letter from 32 Members of Congress to FHFA Director and Treasury Secretary Urging Adequate Capital at Fannie and Freddie

By / / Press Releases / 2 minutes of reading

Washington, DC – Today, the National Community Reinvestment Coalition applauded a letter from 32 Members of Congress to FHFA Director Mel Watt, and Treasury Secretary Jack Lew, urging them to ensure that Fannie Mae and Freddie Mac are adequately capitalized. NCRC members first introduced and urged Members of Congress to sign on to this letter at

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NCRC Statement on CFPB’s Proposed Rule on Payday and Car Title Lending

By / / Press Releases / 2 minutes of reading

Washington, DC – Today, in response to the release of the Consumer Financial Protection Bureau’s (CFPB) proposed rule to protect consumers from abusive payday and car title loans, NCRC President and CEO John Taylor made the following statement. “We applaud the CFPB for proposing a rule that sensibly includes consideration of a borrower’s ability to repay

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Community Groups Call for Recapitalization of GSEs and End to Dividend Payments to U.S. Treasury

By / / Press Releases / 1 minute of reading

Washington, DC – Today, NCRC together with other consumer groups, homebuilders and small lenders sent a letter to Mel Watt, Director of the Federal Housing Finance Agency, expressing concern that the capital buffers of the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac will soon be depleted as a result of the Preferred Stock Purchase

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Huntington Bank and National Community Reinvestment Coalition Announce $16.1 Billion Community Development Plan

By / / Press Releases / 11 minutes of reading

Washington, DC – Today, in an agreement reached with the National Community Reinvestment Coalition (NCRC) and its community-based members and allies across the Midwest, Huntington Bancshares Inc. announced a commitment of $16.1 billion for community development, including lending and investments, over a five-year period. Huntington’s Community Development Plan, set to begin in 2017, includes mortgage

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NCRC Makes Recommendations to Improve Performance Context Analysis in Community Reinvestment Act Exams

By / / Press Releases / 2 minutes of reading

Washington, DC – Today, the National Community Reinvestment Coalition (NCRC) released a white paper describing the importance of Community Reinvestment Act (CRA) exam performance context analysis, reviewing current implementation of the analysis, and prescribing improvements. The paper, “CRA Performance Context: Why it is Importance for Community Development and How to Improve it,” shows that current

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NCRC Applauds FHFA Principal Reduction Modification Program

By / / Press Releases / 1 minute of reading

Washington, DC – Today, in reaction to the announcement by the Federal Housing Finance Agency (FHFA) that Fannie Mae and Freddie Mac will offer principal reduction to certain seriously delinquent, underwater borrowers, NCRC President and CEO John Taylor made the following statement: “We applaud FHFA and Director Watt for taking this important step in the

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