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.

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

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]

 

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]

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]

 

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]

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]

 

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]

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]

 

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]

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]

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