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Expanding CRA To Non-Bank Lenders And Insurance Companies
By Josh Silver
If the Community Reinvestment Act (CRA) remains confined to banks, our nation’s underserved neighborhoods will have a harder time revitalizing. Banks are one part of the total financial industry and a shrinking part at that. [Read more]
Lending Discrimination Faced By Same-Sex Couples In The Mortgage Arena
By Anneliese Lederer and Jake Lilien
LGBTQ+ Americans are less likely to own their homes when compared to their straight, cisgender counterparts, and they are more likely to experience financial hardship. [Read more]
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Field Notes
A Just Economy requires a new Civil Rights movement
By Maxim Applegate
Richard Rothstein outlines what’s necessary to undo residential segregation in NCRC’s Just Economy Series. [Read more]
New Member Profile: Horizons, A Family Service Alliance
By Denise Fuller
For 60 years Horizons, A Family Service Alliance, based in Cedar Rapids, Iowa, has been dedicated to providing opportunities to improve the lives of individuals and families. [Read more]
Member Spotlight: Q&A With Local First Arizona’s Thomas Barr
By Zo Amani
The COVID-19 pandemic continues to strain nonprofits and businesses beyond their comfort zones. NCRC members have stepped up in extraordinary ways to support their communities during this on-going national emergency. Thomas Barr is the Executive Director for Local First Arizona (LFA), the largest coalition of local businesses in North America. [Read more]
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Resources
Resources To Help Support The Black Lives Matter Movement
If you are interested in supporting Black Lives Matter, these resources may be helpful for you. [Read more]
NCRC COVID-19 Resource Page
We've compiled and are updating an index of COVID-19 resources for communities, small businesses, individuals and organizations that serve them, such as housing counseling agencies. [Read more]
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Upcoming Events
Discovering Nonprofit Impact – Part III: Using Your Theory Of Change To Create Your Logic Model
September 1, 2:00pm - 3:30pm ET
Join NCRC's Training Academy to connect topics discussed from Part II on the theory of change to the logic model, which ultimately leads to the development of action-oriented, results-based, data driven logic models. [Register now]
Fair Housing 101 – Part III: Using Community Assets
September 2, 2:00pm - 3:30pm ET
Join NCRC's Training Academy to review strategies and resources that housing professionals can use to reach positive outcomes for their clients and throughout their community. [Register now]
Older Adults, Banking And Financial Management During COVID-19
September 10, 1:00pm - 2:00pm ET
Join NCRC as we will discuss highlights from the Financial Health Network’s Fintech Over 50 report. [Register now]
Disaster Preparedness & Recovery Counseling
September 14-15, 10:00am - 3:00pm ET
Join NCRC's National Training Academy as we share tips, techniques and best practices surrounding disaster preparedness and ways to find funding. [Register now]
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In the News
How We Save Our Body Politic
By Farai Chideya, Medium
One example of what’s so profoundly wrong with our system comes through analyses of the PPP loan process. The National Community Reinvestment Coalition sent Black and White testers to banks to talk about securing PPP loans for their small businesses. The Black applicants were deliberately given sample profiles that were financially stronger than the White testers. Nonetheless 43% of the time, the White tester received preferential treatment. [Read more]
How Decades Of Racist Housing Policy Left Neighborhoods Sweltering
By Brad Plumer and Nadja Popovich, The New York Times
In the 20th century, local and federal officials, usually White, enacted policies that reinforced racial segregation in cities and diverted investment away from minority neighborhoods in ways that created large disparities in the urban heat environment.
The consequences are being felt today. [Read more]
Why The Homeownership Gap Between White And Black Americans Is Larger Today Than It Was Over 50 Years Ago
By Courtney Connley, CNBC
Between 2000 and 2013, more than 135,000 residents were displaced from their homes in 230 neighborhoods across the country, according to the National Community Reinvestment Coalition. [Read more]
$134 Billion Goes Untapped After PPP Deters Small Businesses
By L. Kasimu Harris, Reuters
A study released last month by the National Community Reinvestment Coalition, a lending, housing and business group, found Black potential buyers faced considerable bias at banks where they applied for PPP loans. [Read more]
America Caught COVID-19; Black America Caught Hell, Says Urban League
By Charlene Muhammad, Final Call
“It’s interesting that COVID-19 hit at right around the similar time as when the United States of America, really was grappling with issues of racial inequality, ignited by other incidents but ignited by the George Floyd killing. And so we have this public health crisis that was shutting America down as the reality of racial inequality was kind of sparking consciousness raising all across the country,” concurred Dedrick Asante Muhammad, chief of Race, Wealth and Community for the National Community Reinvestment Coalition. [Read more]
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On Our Radar
America Needs a Government Wealth Program
By Noah Smith, Bloomberg Opinion
Family wealth provides one kind of opportunity that no amount of education can redistribute. Wealth can provide capital for a business, to buy a home or fund an education. But most of all, it’s a cushion against risk. Now that health and financial risks are rising for so many low-income Americans, it’s time to think of government policies to make wealth more accessible to all. [Read More]
Trump Payroll Plan Would Deplete Social Security By 2023: Administrator
By Niv Elis, The Hill
President Trump's proposal to eliminate payroll taxes would deplete the Social Security retirement trust fund by 2023, and its disability insurance fund by the middle of next year. [Read more]
NBA Players Needed to Do This
By Jemele Hill, The Atlantic
They want to protect Black lives, and threatening an industry’s money and the public’s entertainment was the only option left. [Read more]
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#AfterThis: A Virtual Hug
Here's something new and different from NCRC to encourage hope, creativity and a Just Economy: afterth.is.
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