In honor of Latino Heritage Month, this is one in a series of NCRC snapshots and infographics exploring racial economic and wealth disparities and the economic conditions of various Latino nationalities. The Latino population has experienced record population growth, accounting for about half of total population growth from 2010 to 2019. This growth corresponds with …
personal wealth faster. But it was a bust for communities of color. Their share of refinance loans declined.
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.
I applaud President Biden for signing four executive orders today that will help advance the goal of racial equity. The order directing HUD to address the nation’s long history of systemic racism in housing is of particular importance to us. Acknowledging the federal government’s role in perpetuating segregation, including the lasting impacts of redlining, is essential to addressing America’s ever growing racial wealth divide.
New benchmarks for racial and ethnic representation from NCRC and Beneficial State Foundation set goals and metrics for banks to evaluate their performance