Scaled-Back HEROES Act; Small Business Lending Data and More.

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** Just News
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for October 9, 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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Trump Tweet Halts Passage Of HEROES Act
“We’re in a historic health and financial crisis, and the president and Senate Republicans have turned their backs on people who need help now," said Jesse Van Tol, CEO of NCRC. [Read More] ([link removed][UNIQID])

House Passage Of Scaled-Back HEROES Act Sends Clear Message To Senate: Act Now To Protect Public Health And The Economy
Last week, the House passed a scaled-back version of the HEROES Act, trimming about $1.2 trillion in aid from a plan passed by the full chamber in May. The Senate has yet to take up the HEROES Act, and failed to pass a $500 million “skinny” aid package earlier this month. [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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Baltimore: The Black Butterfly
By Marceline White
Dr. Lawrence Brown coined the term “the Black Butterfly” to describe the contrast between the “White L,” an area around the Inner Harbor and stretching straight North to the wealthy neighborhoods of Homeland and Guilford, with the low-income, majority-Black neighborhoods that make up large swaths of East and West Baltimore. [Read More] ([link removed][UNIQID])

COVID-19 Disparities In Rochester, NY: The Legacy Of Redlining In The City Of Frederick Douglass And Susan B. Anthony
By Barbara Van Kerkhove and Ruhi Maker
The groups, La Cumbre and the Greater Rochester Black Agenda Group, linked the disparate impact of COVID-19 on Black and Brown communities to the fact that Black and Latinx people disproportionately suffer from various health conditions that are COVID-19 comorbidities. With the new report from NCRC and their academic partners, we know these comorbidities are a direct result of segregation in housing. [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])


** Field Notes
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In Memoriam: Lottie Lee Davis
By Reverend Terrance Keeling
On Friday, September 18, 2020, NCRC and the city of Wilmington, Delaware, lost a champion for social justice and equality through the untimely death of Pastor Lottie Lee Davis of Be Ready Jesus is Coming Church. Pastor Lottie, who collaborated with NCRC on a variety of community development, healthcare and workforce development projects in Wilmington, died in a car crash. She was 62. [Read More] ([link removed][UNIQID])

Amid Funding Threats And Coronavirus, Minority College Students Face Many Concerns
By Roxana Ruiz
For many universities and their students, COVID-19 created new problems and exacerbated existing vulnerabilities. [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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Invest In Health And Wealth
October 13, 9:00 am - October 15, 11:45 am ET
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])

Fundraising for Sustainability
October 15, 2:00 pm - 3:30 pm ET
Join NCRC's Training Academy to discover new resources in your community and explore fundraising strategies. [Register now] ([link removed][UNIQID])

Financial Triage – Navigating Challenging Times
October 19, 9:00 am - October 23, 2:00 pm ET
Join NCRC's Training Academy for a 20-hour (5-day) course to equip practitioners with the tools to help families navigate urgent and critical financial challenges. [Register now] ([link removed][UNIQID]&mc_cid=cd71043301&mc_eid=[UNIQID])


** In the News
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The Paycheck Protection Program failed many Black-owned businesses
By Li Zhou, Vox
A study from the National Community Reinvestment Coalition that examined PPP loan applications captured specific examples of these biases. In some instances, it found that Black business owners with a comparable financial profile as White ones were less likely to be told that they met the qualifications needed for a loan. [Read More] ([link removed][UNIQID])

Philadelphia Activists Fight for Housing—and Win
By Andrew Lee, The Progressive
A study by the National Community Reinvestment Coalition found that Philadelphia was one of seven cities that collectively account for nearly half of the gentrification in the entire nation. Out of these, Philadelphia had some of the highest rates of Black displacement. [Read More] ([link removed][UNIQID])

The Color of Money: How Black Banks Build Black Economic Mobility
By Felice León, The Root
“We need Black-led financial institutions who have the expertise and who can really help steward the Black dollar toward more economic mobility in the community," said Sabrina Terry, National Community Reinvestment Coalition. [Read More] ([link removed][UNIQID])

Another Hurdle In Pandemic Recovery: Split Between Banking Regulators On Community Development
By Daniel Moore, Pittsburg Post-Gazette
That law is “the thumb on the scale that gets banks to take a second look at the kind of financing these communities need,” said Gerron Levi​, senior director of government affairs for the National Community Reinvestment Coalition. [Read More] ([link removed][UNIQID])


** On Our Radar
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Two Cleveland Houses Tell a Story of America's Unequal Recovery
By Shawn Donnan, Bloomberg Businessweek
Two Cleveland houses paint a stark picture of how the pandemic—and the recovery from the economic crisis it precipitated—are not only reinforcing but widening America’s inequalities. [Read More] ([link removed][UNIQID])

JPMorgan Chase makes $30 billion commitment to help close America’s racial wealth gap
By Hugh Son, CNBC
The bank’s pledge is a combination of loans, investments and philanthropy over five years that it says goes beyond what it would do in the normal course of business. The goal, according to the firm’s press release: To “drive an inclusive economic recovery, support employees and break down barriers of systemic racism.” [Read More] ([link removed][UNIQID])

Born With Two Strikes: How Systematic Racism Shaped Floyd's Life and Hobbled His Ambition
By Toluse Olorunnipa and Griff Witte, Washington Post
His life began as the last embers of the civil rights movement were flickering out. Its horrific, videotaped end ignited the largest anti-racism movement since, with demonstrators the world over marching for racial justice in his name. During the 46 years in between, George Perry Floyd came of age as the strictures of Jim Crow discrimination in America gave way to an insidious form of systemic racism, one that continually undercut his ambitions. [Read More] ([link removed][UNIQID])

The Proud Boys Were Emboldened By Trump’s Words. Then, LGBTQ Couples Reclaimed the Group’s Hashtag.
By Jaclyn Peiser, Washington Post
The president’s comment telling the Proud Boys to “stand back and stand by” provided a boost to the group on social media, emboldening its members to use Trump’s words as a rallying cry. Two days later, amid rising outrage, Trump denounced the group. [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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