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Just News
for June 28, 2024
News and views from the National Community Reinvestment Coalition. Find more at ncrc.org ([link removed] ) .
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Announcements
Last Chance To Apply To NCRC's Fellowship For Equitable Development
Applications to NCRC's 2024 Fellowship For Equitable Development are due today! [Apply Now ([link removed] ) ]
Views
Health Equity Research Spotlight: Housing Vouchers Improve Physical Health
By Justin Sackey
The study found that individuals in families who received a voucher were 50% less likely to have high blood pressure, 90% less likely to report home heating issues, 80% less likely to miss a rent payment and 40% less likely to lack sufficient living space. They were also five times less likely to feel unsafe in their neighborhood. By reducing the burden of expensive housing, Housing Choice Voucher (HCV) programs lead to better financial stability, lower stress levels and improved child health and educational outcomes. [Read more ([link removed] ) ]
Illinois Legislature Provides A Roadmap For Progress With Its State-Level Community Reinvestment Act
By Kevin Hill
While long-awaited federal updates to a key nationwide economic justice policy are tied up in court, progress is continuing elsewhere: Illinois has finalized its state-level version of the Community Reinvestment Act (CRA). Illinois lawmakers passed their state CRA law in 2021 and then spent more than two years designing its implementing regulations, which were formally adopted this May. [Read more ([link removed] ) ]
News
New Dataset Empowers Researchers To Precisely Track The Effects Of Redlining Over Time
The HLD effectively bridges the gap between the different eras of HMDA data collection and clarifies it for researchers, using the same census tract boundaries to organize the information. This accessible format should open new doors for investigating the historical effects of redlining and disinvestment through new, geographic alignment across multiple decades of mortgage reporting. [Read more ([link removed] ) ]
Devin Mack Hired As NCRC’s Director Of Fair And Equitable Opportunity
Meet Devin Mack, NCRC’s new Director of Fair and Equitable Opportunity. He leads a team that conducts enforcement and investigative efforts to address historical patterns of discrimination, including fair housing and fair lending law violations. [Read More ([link removed] ) ]
Reports
Decades of Disinvestment: Historic Redlining and Mortgage
Lending Since 1981
Fifty-five years after Congress outlawed using discriminatory maps to guide mortgage lending, race-based exclusion from homeownership is still a de facto reality. Lenders continue to reinforce patterns of structural racism in formerly redlined neighborhoods, regardless of local market dynamics. [Read more ([link removed] ) ]
Field Notes
The Lone Wolf Of Fair Lending In San Diego County
By Jason Richardson
Dave Oddo’s relentless pursuit of fairness in mortgage lending began with a revelation — a newspaper headline in 1977 that unveiled the stark reality of redlining in San Diego County. Forming the San Diego Coalition Against Redlining, his mission was clear: to expose and eradicate the insidious practice that sidelined entire communities based on race and income. [Read more ([link removed] ) ]
NCRC CDF Entrepreneur Spotlight: Olive Gift Co.
By NCRC
This is part of a series of profiles showcasing the talented entrepreneurs of NCRC’s Community Development Fund. Olive Gift Co. ([link removed] ) is a women-owned business started by Michell Ratcliffe that provides gift-giving services. [Read more ([link removed] ) ]
Events
NCRC CDF Series II: Session 1: Optimizing Loan Utilization And Allocation
July 9, 10:00 am EDT
Join NCRC CDF to discover effective strategies for deploying loan funds strategically to maximize business growth. We’ll cover allocation priorities, risk management, and how to ensure every dollar contributes to your long-term success. Don’t miss this crucial step in post-loan financial management. [Register here ([link removed] ) ]
NCRC CDF Group Counseling Session: Search Engine Optimization (SEO)
July 11, 10 am EDT
Join NCRC CDF on July 11 to unlock the secrets of SEO in this comprehensive workshop. Learn the ins and outs of optimizing your website for search engines, improving visibility, and driving organic traffic. From keyword research to on-page optimization, equip yourself with the skills to enhance your website’s search engine rankings and attract more potential customers. [Register here ([link removed] ) ]
In The News
Banks, Consumer Groups Tell US Regulators to Unify Merger Plans
By Evan Weinberger, Bloomberg Law
Consumer advocates want the OCC to rescind Trump-era changes to the use of Community Reinvestment Act, a 1978 anti-redlining law, to inform merger reviews. “The OCC’s proposed rule does not rescind harmful changes to merger application procedures adopted during the tenure of the former Comptroller Joseph Otting,” the National Community Reinvestment Coalition said in an April 23 letter. [Read more ([link removed] ) ]
What's Next For Reparations In California?
By Wendy Fry, Cal Matters
Researchers are studying the effects of racism on public health. They are using a new term to describe the detrimental impacts of systemic oppression, such as discrimination and poverty: “weathering.” According to a post by the National Community Reinvestment Coalition, the US economy leaves nearly $500 million in growth each year unrealized because of health disparities [Read more ([link removed] ) ]
On Our Radar
Costco's Bold New Plan For The California Housing Crisis
By Farley Elliot, SFGate
Costco, the international bulk grocery chain known for its warehouse looks and difficult-to-beat deals, is hard at work on what could be considered its biggest new product launch in years: affordable housing. An approved upcoming Costco location in South Los Angeles (the Baldwin Village/Crenshaw area specifically) is slated to open in the coming years, and it combines the company’s more-is-more brand with a novel new approach to residential construction. [Read more ([link removed] ) ]
These Florida Property Insurers Are ‘Stiffing’ Half Their Customers, Secret Data Shows
By Lawrence Mower, Miami Herald
Floridians filing a homeowners insurance claim had the lowest chance in the 50 states of getting a check from their insurer in 2022, with more than a third of claims going unpaid. And last year, those filing claims with two of the state’s largest, healthiest companies — subsidiaries of State Farm and Allstate — had the lowest chance of all. [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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