Fed Vote To Update CRA Rules; Housing Inequities and more.

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** Just News
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for September 25, 2020

News and views from the National Community Reinvestment Coalition. Find more at ncrc.org. For continuous updates, follow us on Twitter ([link removed][UNIQID]) and Facebook ([link removed][UNIQID]) .


** News
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Civil Rights And Consumer Advocacy Groups Support Federal Reserve Steps To Update CRA Rules
On Monday, the Federal Reserve Board of Governors approved a process to revise the rules banks must follow to comply with the Community Reinvestment Act (CRA), and an Advanced Notice of Proposed Rulemaking (ANPR) to begin that process. [Read More] ([link removed][UNIQID])

NCRC Statement On Federal Reserve Vote To Update CRA Rules
“This is an encouraging step toward thoughtful updates to CRA rules, which are essential to ensure loans and investments from banks reach underserved minority and lower-income communities that have been especially hard hit by the coronavirus pandemic." [Read More] ([link removed][UNIQID])


** Research
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Racial Wealth Snapshot: Immigration and The Racial Wealth Divide
By Dedrick Asante-Muhammad and Sally Sim
The United States has more immigrants than any country in the world. In 2018, approximately 44.7 million immigrants lived in the United States, accounting for 13.7% of the country’s population. Although immigration has always played a key role in the history and the making of the United States, from the colonial era to the California gold rush and Ellis island, the United States recently saw immigration slow down during the Great Recession. [Read More] ([link removed][UNIQID])

Redlining and Neighborhood Health
New NCRC report shows that there is a higher prevalence of COVID-19 risk factors in historically “redlined” neighborhoods. This paper is one of the first of its kind to examine historical redlining in cities across the nation on numerous present-day neighborhood health outcomes. [Read more] ([link removed][UNIQID])


** Views
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De Facto Or De Jure Housing Inequities: The Outcomes Are The Same
By Glenn Burleigh, Metropolitan St. Louis Equal Housing & Opportunity Council (EHOC)
As the COVID-19 crisis unfolded in St. Louis, the maps of the infections looked very familiar to those of us who work to promote integrated and inclusive communities. Unsurprisingly, it was having a greater toll on the city’s majority-Black neighborhoods, where maps already showed elevated rates of asthma and lead poisoning. [Read more] ([link removed][UNIQID])

An Immigrant Nation Defined By Racial Inequality
By Sally Sim and Dedrick Asante-Muhammad
Over 44 million immigrants live in the United States, comprising about 13% of the population. Immigration to the U.S. has long been a topic of debate: who can come, under what conditions and when? [Read more] ([link removed][UNIQID])

Environmental Justice And COVID-19: Some Are Living In A Syndemic
By Rita T. Harris, Sierra Club
NCRC's new report ([link removed][UNIQID]) highlights the national impact of redlining and segregation on the health of Black communities. Here's how those findings relate to the history of racism and environmental justice with a focus on Memphis. [Read more] ([link removed][UNIQID])


** Field Notes
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White Accountability & Health Equity
By Stephen Graves and Alex Bethel
In this article, diversity, equity and inclusion consultants Stephen Graves and Alex Bethel share insights on how White healthcare professionals can move beyond White fragility and harness their racial privilege to create health equity. [Read More] ([link removed][UNIQID])

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] ([link removed][UNIQID])


** Resources
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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] ([link removed][UNIQID])

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] ([link removed][UNIQID])


** Upcoming Events
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Disaster Preparedness & Recovery Counseling
September 28, 10:00 am EDT - September 29, 3:00 pm EDT
Join NCRC's Training Academy to learn how to prepare for a natural disaster in the midst of this current pandemic and more. [Register now] ([link removed][UNIQID])

Mayors For A Guaranteed Income
September 29, 2:00pm - 3:30pm ET
Join NCRC for a discussion of guaranteed income joined by:
* Mayor Chokwe Antar Lumumba, Jackson, Mississippi
* Mayor Satya Rhodes-Conway, Madison, Wisconsin
* Mayor Michael D. Tubbs, Stockton, California

[Register now] ([link removed][UNIQID])

Board Development Is Leadership
September 29, 2:00 pm - 3:30 pm EDT
Join NCRC's Training Academy to understand the roles and responsibilities of Board of Directors and best practices on Board Development. [Register now] ([link removed][UNIQID]&mc_cid=7893f6fc74&mc_eid=[UNIQID])

Disaster Program Management – Designing, Implementing, And Managing
September 30, 10:00 am EDT - October 2, 3:00 pm EDT
Join NCRC's Training Academy as we assist housing counseling agencies in developing plans to mitigate loss, be a trusted community resource and assist individuals impacted by disaster. [Register now] ([link removed][UNIQID])

Invest In Health And Wealth
October 13, 9:00 am EDT - October 15, 11:45 am EDT
Join us for a three-day virtual event as we will bring together community leaders, financial institutions, health care leaders, advocacy groups and public officials to discuss ways to invest in health and wealth in underserved communities across North Carolina. [Register now] ([link removed][UNIQID])


** In the News
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DC Businesses In Majority Black Neighborhoods Waited Longer For Federal Pandemic Aid
By Jacob Fenston , WAMU
Sifan Liu, a Brookings analyst suggested racism also played a part in the funding disparities, citing research conducted in April by the National Community Reinvestment Coalition. The group conducted matched-pair testing in D.C., where pairs of Black and white applicants with similar credit applied for loans during the same time period. [Read more] ([link removed][UNIQID])

To Rebuild PA, We Must Help Minority-Owned Small Businesses
By Jeff Le, Courier Times
Minority borrowers also experienced discrimination for banking services. The National Community Reinvestment Coalition found that banks treated Black PPP borrowers significantly worse and offered different products 43% of the time compared to white borrowers with slightly weaker financials. [Read more] ([link removed][UNIQID])

Fed Aims To Lay Groundwork For Interagency CRA Overhaul
By Victoria Guida, Politico
National Community Reinvestment Coalition head Jesse Van Tol, whose organization is suing the OCC over its CRA rule, said the Fed “doesn’t appear to introduce new problems” through its approach, in contrast to its fellow regulator. “Also unlike the OCC rule, which had something for everyone to hate, this proposal has something for everyone to like,” he added. “That’s not to say everyone will love where they’re headed, but for those who don’t love it, I expect it to go down like cough syrup as opposed to like a s--- sandwich (the OCC rule).” [Read more] ([link removed][UNIQID])

The Societal Impacts of Redlining Are Still Seen Today
By LJ Dawson, Colorado Springs Indy
A 2018 study by the National Community Reinvestment Coalition, an organization focused on building wealth for underserved communities, found that three out of four neighborhoods that were historically redlined continue to struggle economically. [Read more] ([link removed][UNIQID])

Residents Of Historically Redlined Neighborhoods May Experience More COVID-19 Risk Factors
By Kevin Gavin, Marylee Williams & Julia Zenkevich , Wesa
“This is very literally structural racism where it was built into the structure of American cities, into the housing structure and the neighborhood structure of American cities, and that’s something that persists over a very long time,” says Bruce Mitchell, a senior researcher with the National Community Reinvestment Coalition, which conducted the study along with the University of Wisconsin Milwaukee and the University of Richmond. [Read more] ([link removed][UNIQID]#stream/0)


** On Our Radar
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A Neighborhood’s Race Affects Home Values More Now Than in 1980
By Brentin Mock, Bloomberg
Decades after housing reform, race has become an even greater determinant of home appraisals in Black and Latina neighborhoods, new research finds. [Read More] ([link removed][UNIQID])

Congress Finally Passes Bill To Address Missing And Murdered Indigenous Women
By Jennifer Bendery, HuffPost
Native American women are disappearing and being killed. Savanna’s Act will help bring them some justice. [Read More] ([link removed][UNIQID])

The Color of Coronavirus: COVID-19 Deaths By Race and Ethnicity In The U.S.
By APM Research Lab Staff, APM Research Lab
The coronavirus has claimed more than 195,000 American lives through Sept. 15, 2020—about 24,000 more than our last update four weeks ago, averaging nearly 900 deaths per day. We know the race and ethnicity for 95% of the cumulative deaths in the United States. [Read More] ([link removed][UNIQID])

A Virginia City’s Playbook for Urban Renewal: Move Out the Poor
By Caleb Melby, Bloomberg
Norfolk is using federal tax breaks to plow under its historically Black neighborhoods. [Read More] ([link removed][UNIQID])

#AfterThis: A Virtual Hug
Here's something new and different from NCRC to encourage hope, creativity and a Just Economy: afterth.is ([link removed][UNIQID]) .
New to NCRC? Here's our story. ([link removed][UNIQID])
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