NCRC Statement On Backward Decision To Shutter The CDFI Fund
By NCRC
“Shuttering an agency that generates eight dollars of private investment for every taxpayer dollar it spends is as backward as it gets,” said Jesse Van Tol, President and CEO of NCRC. “The CDFI Fund is a highly efficient vehicle for promoting economic opportunity in the exact places where it’s been hardest to start a small business and serve other unmet needs." [Read more]
NCRC Statement On New Rule Delaying Section 1071 Implementation
By NCRC
“Everyone agrees that small business owners and entrepreneurs deserve to be evaluated on their individual merit, free from presumptions, inadvertent bias or outright discrimination,” said Jesse Van Tol, President and CEO of NCRC. “The Section 1071 rule finalized in 2023 does just that by gathering data we need to make sure every small business gets a fair shake." [Read more]
Views
Opportunity Zones: A Taxpayer-Funded Program That Primarily Benefits Wealthy Investors
By Jason Richardson and Bruce Mitchell
Seven years after its creation, the federal Opportunity Zones program has manifested a troubling pattern: creating massive taxpayer-funded benefits for wealthy investors while failing to meaningfully help the communities they were designed to serve. With the wealthiest Americans receiving substantial tax benefits on over $100 billion in capital gains through this program, Opportunity Zones represent one of the most opaque and regressive tax policies in recent history. [Read more]
NCRC And Its Members Leverage The Community Advisory Councils Model To Strengthen Underserved Communities
By Nicole Rothstein
Investing in underserved communities takes more than a promise – it also takes a plan to keep that promise. The National Community Reinvestment Coalition (NCRC) has developed multiple techniques to ensure that bank commitments translate into meaningful change for historically disadvantaged neighborhoods and that the people who live there, and organizations that service them, have a say in the process. [Read more]
Events
OFN41: Opportunity Next
October 21, 2:15 - 3:30 pm ET
Join NCRC Senior Policy Advisor Kevin Hill at OFN41, Opportunity Finance Network’s 2025 conference. Hill will be speaking on the panel, “The CRA Reset: Reverting, Reassessing, Repositioning?” [Register here]
Financial Reporting for Strategic Planning: Using Financial Insights For Growth
October 28, 10 am - 11:30 am ET
Your financial reports are more than just numbers—they’re powerful tools for making informed business decisions. This webinar will guide you through how to read, interpret, and apply key financial reports to support strategic planning and drive sustainable growth. [Register here]
In The News
Community Reinvestment Act Helps People Buy Homes. Evolving Will Sustain That
By Josh Silver, Milwaukee Journal Sentinel
The National Community Reinvestment Coalition, an association of 700 groups across the country including the Milwaukee Fair Housing Council, documents that between 2010 and 2024, home lending to borrowers and census tracts totaled $15.9 billion and small business lending in low to moderate income tracts equaled $9.4 billion in the Milwaukee-Waukesha metro area. [Read more]
Lifeline For Millions Of Americans Becomes Hot Potato For Banks
By Yizhu Wang and Emily Flitter, Bloomberg
Jesse Van Tol, president of the National Community Reinvestment Coalition, a nonprofit that pressures banks to do more business in underserved communities, often by fighting bank mergers, praised Fifth Third’s CEO. “Tim Spence has an interest in financial inclusion that is uncommon for a bank CEO,” Van Tol said in an interview. “I would hope that the bank brings that perspective strongly to bear on how they run the Direct Express program.” [Read more]
On Our Radar
Private Equity Takeover Of Hospitals Led To Rise In Medicare Emergency Patient Deaths, Says Study
By Hannah Harris Green, The Guardian
The latest study compared staff levels, wages and patient mortality in 49 private equity-acquired hospitals with 293 non-private equity control hospitals – and found the private equity hospitals had smaller staff numbers and smaller salaries, and that there were seven more deaths per 10,000 patients in the private equity hospitals’ emergency departments. That is about 700 excess deaths among the million emergency department visits the researchers investigated. [Read more]
Trump Urges Fannie Mae, Freddie Mac To Boost Homebuilding
By Sarah Wheeler, HousingWire
It’s not clear how Fannie and Freddie might create more incentive for homebuilders. The two government sponsored enterprises buy loans from mortgage lenders to ensure liquidity in the market and repackage those into investment products. They also set the standards for creditworthiness and ability to repay for mortgage loans. While they offer several construction products, those support lenders and homebuyers, not builders. [Read more]
‘Buckle up’: IMF And Bank Of England Join Growing Chorus Warning Of An AI Bubble
By Sam Meredith, CNBC
The International Monetary Fund and Bank of England are the latest financial institutions to warn that global stock markets could be in trouble if investor appetite for artificial intelligence turns sour. Speaking on Wednesday as finance ministers and central banks prepare to meet in Washington for the fund’s annual meetings next week, IMF chief Kristalina Georgieva offered some blunt advice to investors: “Buckle up: uncertainty is the new normal and it is here to stay.” [Read more]
Resources
Work And Meet At The Just Economy Club It's aDC hubfor 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]
Learning & Training Hub Register for NCRC's catalog of professional development courses.[Learn more]
Research And Reports We have an extensive library of research and reports that dates back many years![View all]
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]
Sign And Share The Just Economy Pledge Help us expand the movement for a Just Economy. [Sign and Share]
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