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Just News

for May 24, 2024

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

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News

NCRC Hires Eden Forsythe As Chief Policy Counsel

Eden came to NCRC after serving as the Deputy Staff Director for Policy and General Counsel at the House Select Committee on the Strategic Competition between the United States and China where she helped pass major bipartisan legislation and oversaw policy for committee Democrats on issues including trade, labor rights, human rights, supply chains and the transition to clean energy. [Read more ([link removed] ) ]

Views

NCRC Statement On Supreme Court CFPB Decision

By NCRC

“It’s always nice to see the courts get something right – especially in this tawdry circumstance where payday loan predators sought to wriggle out of basic oversight using absurd distortions of law and fact. But this vindication of the CFPB’s existence and funding structure is especially meaningful because of its positive repercussions all across our economy." [Read more ([link removed] ) ]

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 ([link removed] ) ]

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 ([link removed] ) ]

Events

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 ([link removed] ) ]

NJ DCR: The Impact Of Appraisal Discrimination On New Jersey’s Communities of Color

May 29 , 10 am - 11:30 am ET

Join NCRC’s Senior Policy Advisor Nichole Nelson at the New Jersey Division on Civil Rights webinar: The Impact Of Appraisal Discrimination On New Jersey’s Communities of Color. Nelson and other New Jersey fair housing and industry experts will discuss systemic racial inequities in appraisal practices. Racial disparities in residential property appraisals, along with other discriminatory housing practices, contribute to segregated neighborhoods, inequality in homeownership rates, the racial wealth gap and impact our state in many more ways. [Register here ([link removed] ) ]

In The News

DC Agencies Among Top Beneficiaries As HUD Announces $40 Million Boost For Housing Counseling Nationwide

By Stacy M. Brown, The Washington Informer

Among the beneficiaries are Housing Counseling Services, Lydia’s House in Southeast, National Coalition for Asian Pacific American Community Development, National Community Reinvestment Coalition, National Foundation for Credit Counseling, Neighborhood Reinvestment Corp. dba NeighborWorks America, and UnidosUS. [Read more ([link removed] ) ]

Birmingham Business Conference Raises BAR For Community Change

By Keisa Sharpe, The Birmingham Times

Bob Dickerson, executive director of BAR and board chair of the National Community Reinvestment Coalition (NCRC), said he was pleased by the turnout and points that were made. He highlighted The Community Reinvestment Act (CRA) which requires the Federal Reserve and other federal banking regulators to encourage financial institutions to help meet the credit needs of the communities in which they do business, including low-and-moderate income (LMI) neighborhoods. [Read more ([link removed] ) ]

On Our Radar

US Home Sales Post Second Straight Monthly Drop; House Prices Accelerate

By Lucia Mutikani, Reuters

Home sales slipped 1.9% last month to a seasonally adjusted annual rate of 4.14 million units. Economists polled by Reuters had forecast home resales would rise to a rate of 4.21 million units. Home resales are counted at the closing of a contract. [Read more ([link removed] ) ]

Zillow’s New AI tool Aims To Promote Equality In Housing

By Neil Pierson, HousingWire

The Fair Housing Classifier is equipped to detect questions “that could lead to discriminatory responses about legally protected groups in real estate experiences, such as search or chatbots,“ Zillow explained. The AI technology can identify cases of noncompliance with equal housing laws when it is given a question or answer. System developers have the ability to intervene in these cases. [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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