New Report Projects Over 500 Years to Achieve Black Economic Equality
NCRC Black wo name@0.75x

Just News

for August 18, 2023

 

News and views from the National Community Reinvestment Coalition. Find more at ncrc.org.

For continuous updates, follow us on Twitter, FB, LinkedIn and IG.

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]

 

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]

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]

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]

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]

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] 

 

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]

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]

 

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]

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]

 

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]

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]

Learning & Training Hub
Register for NCRC's catalog of professional development courses for community development leaders. [Learn more]

Research And Reports
We have an extensive library of research and reports that dates back many years! [View all]

Racial Wealth Snapshots
Browse our catalog of socioeconomic briefs. [View all]

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]

Member Hub
NCRC members: Don't forget you have access to our member hub! Learn more about membership here. You can join as an organization or an individual.

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]

TreasureCRA
Keep up and catch up on plans to strengthen the Community Reinvestment Act. [Read more]

Twitter
Facebook
LinkedIn
Instagram
Website

Copyright © 2023 NCRC, All rights reserved.

Manage Preferences/Unsubscribe

NCRC color FINAL (1)

National Community Reinvestment Coalition

740 15th St NW, Suite 400

Washington,DC xxxxxx