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Just News
for January 12, 2024
News and views from the National Community Reinvestment Coalition. Find more at ncrc.org ([link removed] ) .
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Announcements
Vote For Your Favorite 2024 Just Economy Conference Sessions
By NCRC
Tomorrow is last day to vote for your favorite potential 2024 Just Economy Conference sessions! The sessions receiving the most votes will be given strongest consideration for final selections by NCRC’s programming team. [Vote now ([link removed] ) ]
NCRC Merch Store Now Open
By NCRC
NCRC’s new web shop offers T-shirts, hoodies, baseball caps, travel mugs and other items for the whole family – and a way for our friends and fans to show their support for a Just Economy. [Read more ([link removed] ) ]
Views
MLK Would Have Been 95 This Year. Let’s Make His Dream A Reality.
By Dedrick Asante-Muhammad and Chuck Collins, NCRC
Just over 60 years ago, in his famous “I Have A Dream” speech at the 1963 March on Washington, King declared: “We refuse to believe that there are insufficient funds in the great vaults of opportunity of this nation. And so we’ve come to cash this check, a check that will give us upon demand the riches of freedom and the security of justice.” [Read more ([link removed] ) ]
CRA Overhaul: Did The Agencies Do Enough To Cure Ratings Inflation?
By Josh Silver, NCRC
CRA exams were designed in that older era where banks were smaller and more plentiful. Thus, we need CRA exams that expect a smaller number of bigger banks to engage in more reinvestment activity. This intuitive connection is also borne out in the numbers: There is a clear pattern of CRA “grade inflation” in recent decades as modern megabanks were examined under the old and outmoded process. [Read more ([link removed] ) ]
Field Notes
Give A Warm Welcome To NCRC’s Newest Members: January 2024 Update
By NCRC
NCRC’s membership spans more than 700 local, state and regional nonprofits, educational and faith-based institutions and government entities across the nation. [Read more ([link removed] ) ]
Research
2023 Ends With A Strong Labor Market For Black Workers: Race, Jobs And The Economy Update For December 2023
By Joseph Dean and Dedrick Asante-Muhammad, NCRC
The labor market continues to show strengths not seen in decades, with unemployment rates below the 4% threshold defined as “full employment” for the past two years. This strong labor market has shrunk the historic racial disparities in topline jobless rates. The African American unemployment rate is now roughly 1.5 times that of Whites, down from a long-term trend of roughly doubling the White unemployment rate. [Read more ([link removed] ) ]
Events
2024 Just Economy Conference: Registration Now Open
By NCRC
We are so excited to invite you to join us in person from April 2-4 in Washington, DC. The super early bird tickets won't last much longer. Register today and save! [Register here ([link removed] ) ]
Habitat For Humanity’s 2024 Affiliate Conference
Habitat for Humanity’s 2024 Affiliate Conference is March 4-7 in Atlanta, Georgia. NCRC’s Senior Policy Advisor Kevin Hill will be speaking on the panel, “The Community Reinvestment Act (CRA): What is it? How Can Affiliates Use It to Increase Production?” [Regiter here ([link removed] ) ]
In the News
How Redlining’s Legacies Demand New Policy Action
By Danielle Browne, Inequality.org
Redlining doesn’t just adversely affect housing or material wealth: It has devastating physical consequences. According to the National Community Reinvestment Coalition, there are statistically significant associations between residence in a redlined neighborhood and heightened risk for hypertension, kidney disease, strokes, diabetes, and lower life expectancy at birth. [Read more ([link removed] ) ]
December Jobs Report Holds Good News For Black Workers
By Alvin A. Reid, The St. Louis American
Dedrick Asante-Muhammad and Joseph Dean state in a National Community Investment Coalition (NCRC) analysis, “The labor market continues to show strengths not seen in decades, with unemployment rates below the 4% threshold defined as “full employment” for the past two years,” [Read more ([link removed] ) ]
On Our Radar
Do We Really Live In An “Age Of Inequality”?
By Dylan Matthews, Vox
In recent weeks, a major debate has gripped the field of economics, one with significant policy stakes. In one sense, the debate is about the nature and extent of inequality in the US: are the rich really taking more of the pie than ever before? Has their share of income been growing very fast, or gradually? Is inequality the defining challenge of our time, or simply one among many? [Read more ([link removed] ) ]
Rust Belt's New Shine: Zillow Predicts 2024's Hottest Real Estate Markets
By Brianna Crane, Axios
"Housing markets are healthiest where affordable home prices and strong employment are giving young hopefuls a real shot at buying and starting to build equity," Zillow data scientist Anushna Prakash says. [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] ) ]
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