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Just News

for February 9, 2024

News and views from the National Community Reinvestment Coalition. Find more at ncrc.org ([link removed] ) .

For continuous updates, follow us on Twitter ([link removed] ) , FB ([link removed] ) , LinkedIn, ([link removed] ) I ([link removed] ) G ([link removed] ) and Tiktok ([link removed] ) .

Announcements

2024 Just Economy Conference Early Bird Tickets Almost Gone

By NCRC

Register today for the 2024 Just Economy Conference and save with early bird prices! Regular pricing will start next week. [Register now ([link removed] ) ]

News

NCRC Statement On Bank Lobbyist Lawsuit To Block Community Reinvestment Act Rules

By NCRC

"The banking industry is showing its true colors. Out of one side of their mouth they say higher capital requirements will hurt people of color and low-income people, but then out of the other they attack the nation’s preeminent law requiring them to lend to those same people. Nobody should believe them when they say they care about lending to working-class people and people of color. On top of this, they’re fighting to dismantle the CFPB, and they’ve even asked the courts to let them out of such mild irritations as ‘tell us who you do and don’t lend money to for small business activity.’" [Read More ([link removed] ) ]

Time Magazine Recognizes NCRC’s Dedrick Asante-Muhammad Among First Annual “Closers” List Of Leaders On Inequality

By NCRC

Time Magazine has named Dedrick Asante-Muhammad to its first annual “The Closers” list of the nation’s leading thinkers and activists tackling issues of racial economic inequality. Asante-Muhammad, who serves as Vice President for Racial Economic Equity and Research at the National Community Reinvestment Coalition (NCRC), has for decades produced leading-edge research and policy analysis on how the United States has failed to provide Black America with the opportunity to succeed and how policymakers can best correct that failure. [Read More ([link removed] ) ]

Views

A Strong Black Economy Still Mired In Inequality: Race, Jobs And The Economy Update For January 2024

By Joseph Dean and Dedrick Asante-Muhammad, NCRC

African Americans continue to see greater gains in wages, employment and wealth than at any point in recent history. While the labor market appears strong – with unemployment rates below the 4% threshold defined as “full employment” for the past two years – many workers still report that rent and other high-cost items make it difficult to build wealth. 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] ) ]

Study Finds Socioeconomic Conditions - Not Genetics Or Lifestyle Choices - Account For Racial Life Expectancy Gap

By Magdalena Mysliwiec and Devin Thompson, NCRC

The difference in rates of premature death between racial groups can be completely explained by socioeconomic factors, a new study from Tulane University found. Researchers found tight connections between early death and material deprivation. Lifespan gaps by race were driven by differences in employment, family income, food insecurity, education, access to healthcare, health insurance, housing instability and relationship status, the study found. [Read More ([link removed] ) ]

Events

Redlining The Reservation

February 20, 3 to 4 pm ET

Learn how tribal areas have been cut out of the financial system, and what can be done about it in our webinar “Redlining the Reservation” on February 20. Hear how changes in CRA enable CDFIs to better engage in community development, mortgage lending, and small business investment on Native Lands. [Register Here ([link removed] ) ]

Fast Track To Certification

February 26 through March 1, 6 to 9 pm ET

Embark on an exciting journey to conquer the HUD Housing Counseling Exam! Say goodbye to mundane study sessions and hello to a vibrant virtual experience designed to make learning engaging and effective. Join a community of housing counselors for a collaborative exploration of the six core exam topics, where peer discussions and interactive activities will turn your exam preparation into an exhilarating adventure. Don't just study – immerse yourself in a dynamic learning environment that sparks curiosity and fuels success! [Register Here ([link removed] ) ]

Habitat for Humanity's 2024 Affiliate Conference

March 6, 8 am - 5 pm ET

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?” [Register Here ([link removed] ) ]

In The News

'Higher But Healthy'

By Zachary Warmbrodt, POLITICO

“The banking industry is showing its true colors,” National Community Reinvestment Coalition President and CEO Jesse Van Tol said in response to Monday’s lawsuit. “Out of one side of their mouth they say higher capital requirements will hurt people of color and low-income people, but then out of the other they attack the nation’s preeminent law requiring them to lend to those same people.” [Read More ([link removed] ) ]

Banks Sue Regulators Over Anti-Redlining Rule

By Emily Flitter, The New York Times

Jesse Van Tol, president of the National Community Reinvestment Coalition, which works with banks to help them meet their Community Reinvestment Act requirements, said in an email that he was “saddened and angered” by the lawsuit. “The banking industry is showing its true colors,” he said. “Nobody should believe them when they say they care about lending to working-class people and people of color.” [Read More ([link removed] ) ]

On Our Radar

Gentrification Increases Risk Of Tick-Borne Disease For Communities Of Colour

By Jessica Watts & Kishana Taylor, Nature Microbiology

Gentrification consists of neighborhood developments that usually result in economic and, in most cases, demographic changes that mainly displace socioeconomically disadvantaged individuals and people of color who reside in historically disinvested areas. According to a study conducted from 2000 to 2013, more than 110,000 Black residents and 24,000 Hispanic residents were

displaced from gentrifying US neighborhoods. [Read More ([link removed] ) ]

Los Angeles' One Weird Trick To Build Affordable Housing At No Public Cost

By Ben Christopher, Cal Matters

That’s thanks to an executive order Los Angeles Mayor Karen Bass, signed in December 2022, shortly after being sworn into office. In the year and change since, the city’s planning department has received plans for more than 16,150 affordable units, according to filings gathered by the real estate data company, ATC Research, and analyzed by CalMatters. That’s more than the total number of approved affordable units in Los Angeles in 2020, 2021 and 2022 combined. [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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