New gentrification report: Displaced By Design, and more!

NCRC ([link removed] )

Just News

for May 16, 2025

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

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Announcements

Displaced By Design: Fifty Years Of Gentrification And Black Cultural Displacement In US Cities

By Bruce C. Mitchell, Jad Edlebi, Helen C.S. Meier, Jason Richardson, Joseph Dean and Liang Chen

Nationwide patterns of gentrification appear to be accelerating, though it remains less common than population decline and abandonment in American urban neighborhoods. 15% of central city neighborhoods had indications of gentrification, compared to the 26% which had substantial population decline over the past fifty years. [Read more ([link removed] ) ]

News

NCRC Announces Housing Counseling Network Open Enrollment Period

By NCRC

While HCN has a focus on increasing network participation for agencies working with rural populations during this round of selections, all HUD-approved housing counseling agencies are encouraged to apply. [Read more ([link removed] ) ]

NCRC Announces Extension For Housing Counseling Services Grant Applications

By NCRC

The HCS program, a part of the well-established, multi-year Field Empowerment Fund (FEF), was launched in February through a partnership with KeyBank. The current extension is the result of a partnership with HSBC, which will allocate an additional $1.2 million in HSBC geographies for direct-to-client housing counseling services that will be awarded in three rounds. [Read more ([link removed] ) ]

NCRC Opposes Repeal Of Sensible, Sound Bank Merger Rules

By NCRC

"When two banks want to merge, the burden of proof is on them to show that the new, larger company will improve service to the public. Banking law is crystal clear on that: Mergers must benefit the public at large, not just the insiders and shareholders who hope to cash out deal bonuses and dividends. If a bank can’t show that convincingly, they don’t get to merge." [Read more ([link removed] ) ]

Research

Empty Shelves And The Possibility Of A Recession: May 2025 Race, Jobs And The Economy Update

By Joseph Dean

The economy added 177,000 jobs in April while the unemployment rate remained at 4.2%. The February and March job gains were revised down by 15,000 and 43,000, respectively. [Read more ([link removed] ) ]

How Tariffs Drive Up Mortgage Costs and Undermine Homeownership

By Joseph Dean

Recent market concerns about potential fiscal policies from the Trump Administration have triggered significant selling of US government bonds. When investors sell their bonds, their trading values fall below their face values and yields to rise, resulting in a greater risk in holding these previously safe investments. [Read more ([link removed] ) ]

Views

Dissecting The 2026 Skinny Budget: A Closer Look At Cuts To Economic And Equity Programs

By Lauren Wolters

The Trump administration’s fiscal plan for 2026, also known as the president’s “skinny budget,” proposes severe cuts to many programs that Americans rely on. The following cuts may have a significant impact for NCRC members... [Read more ([link removed] ) ]

Swiped Away: How Rising Credit Card Fees Are Affecting Colorado’s Small Businesses

By Lauren Wolters and Manan Shaw

Swipe fees are credit card processing fees paid by a merchant’s bank to a cardholder’s bank when a customer uses their card to make a purchase. In 2022, banks took $126 billion ([link removed] ) from business owners through credit card swipe fees, with these costs being passed on to consumers in the form of higher prices. [Read more ([link removed] ) ]

The Heart of Workforce Equity: Community-Based Organizations’ Crucial Role in the Workforce Development Ecosystem

By Doug Mollet

In today’s rapidly evolving labor market, many Americans need support navigating the complex education and training options that help them build the necessary skills for a changing world. These varied pathways – from credentialing programs and apprenticeships to on-the-job training – are collectively known as workforce development. [Read more ([link removed] ) ]

Events

Housing Counseling Network – Open Enrollment Informational Webinar

May 19, 2 - 3:30 pm ET

HUD-approved housing counseling agencies: Join us for an informational webinar to learn more about the application process to join NCRC’s Housing Counseling Network (HCN). [Register here ([link removed] ) ]

Just Economy Conversations: Open Banking 2.0: Leveraging Data to Empower Underserved Populations

May 20, 2 - 3:30 pm ET

As the landscape of financial services evolves, new regulations are reshaping how data can be used to drive innovation and inclusivity – welcome to Open Banking 2.0! This session will explore how the latest advancements in open banking can be harnessed to address the needs of underserved populations. Panelists will delve into practical strategies for leveraging financial data to improve access to financial services, enhance financial literacy, and promote equitable economic opportunities. [Register here ([link removed] ) ]

Government Contracting For Beginners (Part 1)

May 21, 10 - 11:30 am ET

You probably know that the federal government is the world’s biggest customer. Have you wondered how to sell to them? How to get started in positioning your business to sell to the world’s biggest customer. This webinar is dedicated to demystify/deconstruct how your business can begin to sell to federal agencies, and why federal agencies may want to buy from you. [Register here ([link removed] ) ]

In The News

Tax Bill Keeps Credit Union Tax Exemption, But Threat Remains

By Ebrima Santos Sanneh, American Banker

Community reinvestment advocates are a bit less certain. Advocates like Jesse Van Tol of the National Community Reinvestment Coalition says while he understands some of the critiques about the largest credit unions, fully eliminating the tax exemption could have negative effects on institutions — particularly small ones — who remain community-oriented. [Read more ([link removed] ) ]

Philadelphia Featured In New Report Tracking Pace Of Gentrification Across Major US Cities

By Racquel Williams, KYW Newsradio

Bruce Mitchell, principal researcher with NCRC, says between 1980 and 2020, 10 out of 18 gentrifying neighborhoods in Philadelphia shifted from Black majorities to white or other races. [Read more ([link removed] ) ]

On Our Radar

DC-Area Economy Starts To Show Deep Impacts Of Federal Spending Cuts

By Aaron Wiener, Abha Bhattarai, Federica Cocco, Scott Clement and Emily Guskin, The Washington Post

Last month, the bond ratings agency Moody’s downgraded the District’s rating, stripping it of its coveted triple-A bond rating and probably raising its borrowing costs. The agency cited the Trump administration’s “substantial cuts to the federal workforce” and revised D.C.’s outlook to “negative.” [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. [Read more ([link removed] ) ]

Learning & Training Hub

Register for NCRC's catalog of professional development courses. [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] ) ]

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] ) ]

Sign And Share The Just Economy Pledge

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] ) .

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