COVID-19 exposed deep economic and social fault lines nationwide. It also underscored what was already going on before it: While a small number of cities were booming, most were not. In a new report on gentrification and disinvestment, covering data from 2012 through 2017, the National Community Reinvestment Coalition (NCRC) found that gentrification of once …
A cardinal rule of any rulemaking is that a federal agency must use data and analysis to assess the impact of its proposed changes to a regulation. Based on NCRC’s analysis so far, it appears that the OCC and FDIC have flagrantly violated this fundamental rule.
A new kind of investment fund with special tax incentives could steer billions in private capital to some low- and moderate-income neighborhoods.
Is there a way to close the vast racial startup gap?
Adam Looney looks at early results of which neighborhoods states are designating Opportunity Zones.