New Report Projects Over 500 Years to Achieve Black Economic Equality
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Just News
for August 18, 2023
News and views from the National Community Reinvestment Coalition. Find more at ncrc.org ([link removed] ) .
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Announcements
Just Economy Regional: Mountain West Summit Schedule
September 26-27, 9 am ET - 6 pm ET
The full schedule for the upcoming Just Economy Regional: Mountain West Summit is now available! Come and discover which sessions you can't miss. [Read more ([link removed] ) ]
News
Sixty Years After MLK's 'I Have A Dream' Speech, New Report Projects Over 500 Years to Achieve Black Economic Equality
By NCRC
Sixty years after Dr. Martin Luther King, Jr. gave his iconic “I Have a Dream” speech at the March on Washington for Jobs and Freedom, a new report lays bare the harsh reality of black economic inequality today in America. It reveals the sobering projection that without significant changes, it could take African Americans over 500 more years to achieve economic parity. [Read more ([link removed] ) ]
Views
When Regulators Overhaul Bank Merger Rules, They Should Heed Key Lessons From NCRC’s Community Benefits Agreements
By Adam Rust and Kevin Hill, NCRC
The Biden team is beginning to overhaul merger review rules writ large – and the banking sector is a major focus in that work. It is crucial that overhauled merger rules restore the proper role of public interest. The people leading this effort appear eager to meet that challenge. But it would be easy for their well-intentioned efforts to miss a key trick: Unless policymakers clearly affirm that public interest analyses will be predicated on what actual community groups say they need, the reform effort will fall short of fulfilling Congress’s long-neglected statutory intent. [Read more ([link removed] ) ]
Research
STILL A DREAM: Over 500 Years To Black Economic Equity
By Dedrick Asante-Muhammad, Chuck Collins, Omar Ocampo and Sally Sim
Black Americans have endured the unendurable for too long. 60 years after the famed March on Washington for Jobs and Freedom, where Dr. Martin Luther King, Jr., gave his landmark “I Have a Dream” speech, African Americans are on a path where it will take 500 more years to reach economic equality. [Read more ([link removed] ) ]
Field Notes
DCWBC Women Entrepreneur Profile: Advanced Technology Solutions LLC
This is part of a series of profiles showcasing the talented entrepreneurs of NCRC’s DC Women’s Business Center. Advanced Technology Solutions LLC is a women-owned business started by Dionysianna Ala’ilima that provides IT consulting services. [Read more ([link removed] ) ]
Events
Vote For Our SXSW Panel!
August 20
Want to see positive change in business funding? Vote by August 20 for the NCRC CDF and Working Solutions’ session at SXSW 2024! The fireside chat with NCRC Chief of Community Finance and Mobility Marisa Calderon and Working Solutions' CEO Sara Razavi will examine how we're empowering communities of color to overcome financial obstacles and build sustainable businesses. Let's make a lasting impact! [Vote now ([link removed] ) ]
27th Annual Utah Housing Matters Conference
August 28 , 5:00 pm EDT – August 30 , 2:00 pm EDT
Come join The Utah Housing Counsel for their 27th Annual Housing Matters Conference for an exciting event that will bring together housing advocates, policymakers, and industry professionals to discuss the latest trends and challenges facing Utah’s housing market. [Register ([link removed] ) ]
In the News
Fifth Third Closing Warren County Branch In Kroger Store
By Steve Watkins, Dayton Business Journal
Banks have been closing branches frequently in recent years as consumers’ banking habits have changed significantly. Over the four-year span between 2017 and 2021, 9% of all bank branch offices closed, according to the nonprofit National Community Reinvestment Coalition. [Read more ([link removed] ) ]
Affordable Housing: Legacy Of Redlining Stunts Healthy Growth
By Savannah Behrends, Midlands Business Journal
The project, released in 2019, stems from a partnership from the University of Richmond’s Digital Scholarship Lab and the National Community Reinvestment Coalition where it digitized 200 HOLC grading maps from the 1930s. [Read more ([link removed] ) ]
On Our Radar
US Housing Starts Surge In Boost To Economy
By Lucia Mutikani, Reuters
US single-family homebuilding surged in July and permits for future construction rose amid an acute shortage of previously owned houses, but mortgage rates climbing back to near two-decade highs could slow the housing market improvement. [Read more ([link removed] ) ]
North Carolina Bans Transgender Care For Minors As Republicans Override Veto
By Rick Rojas and Anna Betts, The New York Times
North Carolina became the latest state to block minors from having access to gender-transition care, as Republican lawmakers voted on Wednesday to override the governor’s veto of a bill restricting hormone treatments, puberty blockers and surgeries for young people. [Read more ([link removed] ) ]
Resources
Work And Meet At The Just Economy Club
It's a DC hub for nonprofits and the social sector, around the corner from the White House. Move your team into a private office or host your meetings and events or hang out in the lounge. [Read more ([link removed] ) ]
Learning & Training Hub
Register for NCRC's catalog of professional development courses for community development leaders. [Learn ([link removed] ) more ([link removed] ) ]
Research And Reports
We have an extensive library of research and reports that dates back many years! [View all ([link removed] ) ]
Racial Wealth Snapshots
Browse our catalog of socioeconomic briefs. [View all ([link removed] ) ]
Sign And Share The Just Economy Pledge
America should not only promise but deliver to all Americans opportunities to build wealth and live well. Sign and share the pledge to help us expand the movement for a Just Economy. [Sign and Share ([link removed] ) ]
Member Hub
NCRC members: Don't forget you have access to our member hub ([link removed] ) ! Learn more about membership here ([link removed] ) . You can join as an organization or an individual ([link removed] ) .
Fair Lending Tool
Use our interactive tool to produce a report on mortgages, small business lending and bank branch networks for any city, county or metro area in the nation. [Access the tool here ([link removed] ) ]
TreasureCRA
Keep up and catch up on plans to strengthen the Community Reinvestment Act. [Read more ([link removed] ) ]
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