NCRC Webinar On Healthcare And Community Development
By NCRC
NCRC will host a series of trainings to explore how healthcare systems and community development unite to foster a just economy. The first session is intended for community-based organizations, particularly current and emerging program leaders in housing and human service organizations. It will be held May 28 at 2 pm ET. [Read more]
Views
Better Data Needed to Dismantle The 'Model Minority' Myth About Asian Americans: Race, Jobs And The Economy April 2024 Update
By Joseph Dean and Manan Shah
The BLS reports that the economy added 175,000 jobs in April, well below the average of 242,000 over the last 12 months. This is accompanied by a slight increase in the unemployment rate to 3.9 percent, which the BLS notes has stayed between 3.7 percent and 3.9 percent since August 2023. These dips will be welcomed by the Federal Reserve, which sees a cooling economy as an asset in its fight against inflation. But they are disappointing for many job seekers and households. [Read more]
Fair Housing Month: Three Local Stories To Keep An Eye On By Gwendolyn Havern
Redlining refers to the discriminatory practices used to exclude minorities and immigrants from gaining access to financial services and assets by drawing maps that designated less-White neighborhoods “Hazardous.” The federal government would not insure a mortgage loan made in one of these red-tinted “Hazardous” map areas, thus making it impossible to get a home loan within those neighborhoods. Barred from homeownership and restricted to areas deemed hazardous by the federal government, many families of color were left with a lack of generational wealth or tangible assets to pass down to their children. [Read more]
Videos
Video: Municipal Leaders On Public-Private Partnerships
By NCRC
Cincinnati Mayor Aftab Pureval, Houston’s District F City Councilwoman Tiffany Thomas, and Asahi Pompey, Global Head of Corporate Engagement and President of the Goldman Sachs Foundation will share how local policy and elected officials partner with financial and other anchor institutions such as hospitals, higher ed, and corporations to invest in affordable housing, scaling minority business enterprises through procurement and technical assistance, workforce development initiatives, and other programs that support equitable creation of wealth. [Watch here]
Jesse Van Tol’s Keynote Speech At The 2024 Just Economy Conference
"Capital One is a bad actor. “Notorious” might be a better word. Because anyone who’s been paying attention to how Capital One moves for the past couple decades knows this is not a company that our communities can rely on. We saw that when Capital One bought ING Direct, a decade ago. It made a $180 billion ten-year commitment to communities, that wasn’t worth the paper it was printed on. ...The one part of the commitment that was good – a commitment to mortgage lending – turned out to be false promise, as Capital One abandoned the mortgage business just a few years later." [Read more]
Events
NCRC CDF’s Navigating Business Financing Webinar Series: Session 4: Building Credit and Navigating Credit Reports: Strategies for Success May 21, 10 am ET
Join NCRC CDF for a dynamic webinar where we’ll explain the process of credit evaluation. Learn how lenders assess your creditworthiness, decode credit reports, and master strategies to boost your credit score. Explore effective tactics to overcome existing credit hurdles and position your business for loan success.
Partnering for Stronger Communities Series: Part 1: Bridging Healthcare and Community Development for a Just Economy May 28, 2 pm ET
Join NCRC’s National Training Academy (NTA) for a compelling webinar tailored for community and economic development professionals, where we explore the dynamic relationship between health systems and community development in fostering a just economy. Discover how the growth of the healthcare sector offers opportunities for strategic partnerships that benefit your organization, hospitals and the communities you serve. [Register here]
In The News
Will New Rules For The Road Emerge For Bank Mergers? By Steve Dubb, Nonprofit Quarterly
"The [proposed] Capital One-Discover merger is a terrible, horrible, no good, very bad idea," Jesse Van Tol, CEO, National Community Reinvestment Coalition, conference keynote address, April 3, 2024. [Read more]
On Our Radar
A Plan To Help Harlem Students Build Wealth: Start Them Off With $10,000 By Stefanos Chen, The New York Times
The Harlem Children’s Zone, an influential anti-poverty organization, said it is raising $300 million for an initiative called Wealth Builds that will launch in Upper Manhattan, where the group operates, and expand to 10 other cities, including Atlanta and Minneapolis. [Read more]
The Wealth Gap Between Homeowners And Renters Has Reached A Historic High By Jung Hyun Choi and Amalie Zinn, Urban Institute
Homes are often families’ largest assets and one of the most effective ways to build wealth, but countless news stories and studies detail just how out of reach homeownership has become. What does that mean for the wealth gap between owners and renters?[Read More]
Resources
Work And Meet At The Just Economy Club It's aDC hubfor 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]
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]
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]
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