How algorithms and monopolies harm tenants—and how tech can help. Read more in our latest article!

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Just News

for December 20, 2024

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

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News

How Algorithms and Monopolies Hurt Tenants – And How Tech Can Help

By Nichole Nelson and Bakari Levy

Imagine you need to find a new apartment. You spend months combing Apartments.com, RentCafe, Padmapper, Zillow and other sites. Finally, you find a steal – comfortable, convenient and somehow priced way under the typical cost in your community. [Read more ([link removed] ) ]

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

NCRC Community Development Fund Receives $300,000 Grant From Santander Bank

By Lexine Varughis

Santander Bank has awarded the NCRC Community Development Fund (NCRC CDF) a $300,000 grant to provide loans and technical assistance to small businesses. This funding will enable NCRC CDF to reach and support more small businesses so they can create jobs, stimulate economic growth, and strengthen their communities. [Read more ([link removed] ) ]

The Labor Market This Year Ends On A Cautious Note: December 2024 Race, Jobs, And The Economy Update

By Joseph Dean

This decline is striking considering that it is the holiday shopping season. However, shifting holiday sales strategies, earlier retail hiring, and changes to the retail labor force may explain the dismal retail trade job numbers ([link removed] ) . Nevertheless, any changes in consumer spending this holiday season will serve as an indicator of the future of the US economy. [Read more ([link removed] ) ]

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. [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

Where The Fed's Michael Barr Goes From Here

By Kyle Campbell, American Banker

Jesse Van Tol, head of the National Community Reinvestment Coalition, said Barr and his fellow regulators would have likely seen intense pushback from banks on any attempt to implement the Basel endgame. He pointed to court rulings that have made it easier for companies and industries to successfully sue their regulators as the impetus for the changing tenor of bank opposition. [Read more ([link removed] ) ]

On Our Radar

It Was A Haven For New York Families. Now They Can’t Afford To Stay.

By Winnie Hu and Stefanos Chen, The New York Times

Ms. Fermin, 39, and her husband, Jean-Paul Bjorlin, 42, don’t want to be next. But together, they make under $100,000 a year teaching dance and music at Barnard College, along with side gigs. In October, they moved into a four-bedroom apartment that will cost $50,000 in rent per year, on top of the $36,000 they will spend on day care for their two children. [Read more ([link removed] ) ]

The Housing Affordability Crisis Is Going Global

By Josh Mitchell, The Wall Street Journal

Globally, homes are now less affordable than they were in the run-up to the 2008 housing crisis, according to research published by the International Monetary Fund. The research compared median household income with the income required for an average-price home across 40 countries. [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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