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Just News

for December 13, 2024

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

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News

NCRC Announces Fellowship For Equitable Development Cohort For 2024-2025

By NCRC

The fellowship placements cover a wide range of economic justice and community development organizations working to tackle the significant challenges facing the community development sector over the coming years, from climate change and widening wealth inequality to food insecurity, extreme housing shortages and other needs. [Read more ([link removed] ) ]

Views

Equitable Development And Community Benefit Agreements Combat Displacement And Unrest

By Josh Silver

It stands to reason, then, that equitable development involving residents of affected communities is essential if we are to avoid continual displacement, increasing segregation, and social unrest. That is the argument Derek Hyra puts forth in his new book, Slow and Sudden Violence, which has significant implications for the equitable development advocates in our coalition. NCRC and local community advocates need to explore further linkages between Community Benefit Agreements (CBAs) negotiated with banks and CBAs that are also negotiated with developers. [Register here ([link removed] ) ]

Important Tax Policy Fights Are Coming. Here Are The Ones Economic Justice Advocates Should Look Out For In 2025.

By Manan Shah

A new presidential administration and Congress will shape the future of our tax code, particularly how it distributes wealth and income across households. This presents an opportunity for economic justice groups to advocate for tax policies that provide relief to low- and moderate-income (LMI) families and carve a path towards economic mobility. [Read more ([link removed] ) ]

Testimony & Regulatory Comments

NCRC Memo On Fannie Mae's And Freddie Mac's 2025-2027 Equitable And Underserved Markets Plan

By NCRC

This memo first looks at the Equitable Housing Plans and then the Underserved Markets Plans. It will not attempt to cover all aspects of these plans but instead focuses on priority issues for NCRC. [Read more ([link removed] ) ]

Research

The Racial Wealth Gap 1992 to 2022

By Joseph Dean

Black households are increasingly dependent on homeownership as a wealth-building strategy. Yet homeownership is out of reach for most low- and moderate-income (LMI) families. [Read more ([link removed] ) ]

In The News

Setting The Record Straight On APOA

By REALTOR Magazine Staff

Both NAR and APOA are nonpartisan organizations, and their expenditures across the political spectrum reflect the industry’s support for organizations and policymakers who champion policies that are important to consumers and real estate practitioners. In addition to groups like One Nation and the American Action Network, NAR works with groups like National Fair Housing Alliance, Mobility Works, National Housing Conference, Up for Growth Action, National Community Reinvestment Coalition, National Homelessness Law Center, International Association of Official Human Rights Agencies, MLK Memorial Foundation and the Thurgood Marshall College Fund. [Read more ([link removed] ) ]

CFPB Caps Overdraft Fees At $5 Without APR Disclosure

By Kate Berry, American Banker

Under the final rule, large banks can cap their overdraft fees at $5, a level commensurate with what the CFPB estimates would be necessary to cover the service's cost to banks. Alternatively, banks can cap their fees at an amount that covers costs and losses, rendering overdraft a "convenience service rather than a profit center." [Read more ([link removed] ) ]

On Our Radar

Public Housing Didn’t Fail In The US. But It Was Sabotaged.

By Abdallah Fayyad, VOX

The stereotypical image of public housing in America is one of deteriorating buildings, urban blight and dysfunctional housing authorities in seemingly never-ending crises. Residents routinely deal with bad living conditions, including heat failures, pest infestations, mold, and leaks. And public housing projects are often found in areas with concentrated poverty and in underserved, racially segregated neighborhoods. [Read more ([link removed] ) ]

Baltimore-Area Renters Likelier To Be More Cost-Burdened Than US. Peers, Census Data Shows

By Racquel Bazos and Steve Earley, The Baltimore Sun

U.S. Census Bureau data from the American Community Survey’s latest five-year estimates revealed the median Maryland renter pays about $1,600 a month in rent and utilities, about $100 more than the average Baltimore-area renter. Renters’ costs are up 22.5% statewide and 24% in the Baltimore region compared with 32% nationally, according to the data, which combines survey results from 2019 to 2023 to achieve more precise estimates than a single-year survey.. [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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