Vermont Affordable Housing Coalition: VAHC Attends the Just Economy Conference

Vermont Affordable Housing Coalition, July 1, 2022, VAHC Attends the Just Economy Conference

Overall, all of this information about CRA that was conveyed through many wonderful panels and speakers at the Just Economy Conference made it clear that community reinvestment is an incredibly important component for the development of new affordable housing, and it must continue to be adequately enforced by the federal government. Luckily, there is an opportunity for NCRC, social justice-oriented nonprofits, and others to take action to guarantee this for years to come. For the first time in a number of years, the Federal Reserve and the Federal Deposit Insurance Corporation are proposing rule changes to the Community Reinvestment Act with a public comment period that will be open until August 5th. These proposed changes seek to modernize CRA to account for how online banking can transcend a branch’s geographic reach and to allow for the collection of more data that can be used to more accurately determine CRA ratings for each bank. However, NCRC is using the comment period to advocate that the CRA go further through various provisions such as the incorporation of a race as an explicit consideration on CRA exams and reducing a growing inflation of scores so that bank ratings are more realistic.

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Redlining and Neighborhood Health

Before the pandemic devastated minority communities, banks and government officials starved them of capital.

Lower-income and minority neighborhoods that were intentionally cut off from lending and investment decades ago today suffer not only from reduced wealth and greater poverty, but from lower life expectancy and higher prevalence of chronic diseases that are risk factors for poor outcomes from COVID-19, a new study shows.

The new study, from the National Community Reinvestment Coalition (NCRC) with researchers from the University of Wisconsin–Milwaukee Joseph J. Zilber School of Public Health and the University of Richmond’s Digital Scholarship Lab, compared 1930’s maps of government-sanctioned lending discrimination zones with current census and public health data.

Table of Content

  • Executive Summary
  • Introduction
  • Redlining, the HOLC Maps and Segregation
  • Segregation, Public Health and COVID-19
  • Methods
  • Results
  • Discussion
  • Conclusion and Policy Recommendations
  • Citations
  • Appendix

Complete the form to download the full report: