Race, Jobs, and the Economy September 2023 Update
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Just News
for September 8, 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 Is Sold Out!
September 26-27, 9 am ET - 6 pm ET
Tickets are gone for the 2023 Just Economy Regional: Mountain West Summit! But you can join our waitlist, and we will be in contact with you when a space is available! [Join waitlist ([link removed] ) ]
Research
Shelter Inflation, Black Unemployment And The Dual Competing Mandates Of The Federal Reserve
By Joseph Dean, Dedrick Asante Muhammad, NCRC
Since March 2022, the unemployment rate has stayed somewhere between 3.4% and 3.7%. The latest monthly report from the US Bureau of Labor Statistics breaks this trend with the rate rising to 3.8%. The economy added roughly 187,000 jobs and an average of 249,000 for the past 12 months. While overall the numbers look good for the economy, there are areas of both concern and progress. [Read more ([link removed] ) ]
Events
Climate Group: Climate Week NYC
September 17, 8 am ET – September 24 , 5 pm ET
Join NCRC Senior Policy Advisor Kevin Hill at Climate Week NYC, the largest annual climate event of its kind, bringing together some 400 events and activities across the City of New York – in person, hybrid and online. [Register ([link removed] ) ]
FPC 2023 Fall Member Meeting
September 26-27, 12:30 pm ET – September 24 , 3:30 pm ET
Join NCRC’s Senior Policy Advisory Adam Rust at the Faster Payment Council’s 2023 Fall Member Meeting. This in-person event will take place on September 26-27, 2023, at the Hyatt Centric Beale Street Memphis in Memphis, TN. [Register ([link removed] ) ]
In the News
Podcast: Banks, Buffalo And A Mass Shooting: How The Industry Can Help Heal A Targeted Community
By Alissa Kline, American Banker
"Redlining, as we know it, is related to the Home Owner's Loan Corporation, which during the Great Depression sent examiners into about 200 cities to better understand where in those cities were mortgages that they wanted to buy", says Jason Richardson, senior director of research at the National Community Reinvestment Coalition. [Read more ([link removed] ) ]
The Extraordinary Life Of Anthony Williams
By Jaisal Noor, Baltimore Beat
At the current pace, it will take African Americans 500 years to reach economic parity, according to a recent analysis from the Institute for Policy Studies and National Community Reinvestment Coalition. [Read more ([link removed] ) ]
On Our Radar
Home Insurers Cut Natural Disasters From Policies As Climate Risks Grow
By Jacob Bogage, The Washington Post
At least five large US property insurers — including Allstate, American Family, Nationwide, Erie Insurance Group and Berkshire Hathaway — have told regulators that extreme weather patterns caused by climate change have led them to stop writing coverages in some regions, exclude protections from various weather events and raise monthly premiums and deductibles. [Read more ([link removed] ) ]
How Texas HOAs Are Keeping Low-Income Renters Out
By Sarah Holder and Kriston Capps, Bloomberg
Providence Village, an 8,400-resident town, made headlines because of the local HOA prohibition’s disproportionate impact on Black residents, and has since reversed the policy. But other HOAs in the Dallas-Fort Worth metroplex have been quietly introducing and maintaining their own bans on renters with Section 8 vouchers, according to a Bloomberg CityLab investigation. The practice has been more widespread than previously known: At least 15 HOAs comprising thousands of homes in the Dallas area have at one point restricted voucher users. [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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