HUD Secretary Fudge To Speak At 2021 Just Economy Conference
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** Just News
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for April 9, 2021
News and views from the National Community Reinvestment Coalition. Find more at ncrc.org. For continuous updates, follow us on Twitter ([link removed]) and Facebook ([link removed]) .
** News
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HUD Secretary Fudge To Speak At 2021 Just Economy Conference
U.S. Department of Housing and Urban Development (HUD) Secretary Marcia Fudge will be a featured speaker at the 2021 Just Economy Conference, which will be held online beginning May 3. Other confirmed speakers include U.S. Senators Elizabeth Warren and Sherrod Brown, Federal Reserve Board Chair Jerome Powell and Pulitzer-prize winning journalist Nikole Hannah-Jones. [Read more] ([link removed]) [Register now] ([link removed])
Report: For Black Business Owners, Economic Recovery Is Hobbled By Pre- Existing Conditions And Inequality
The report, from the National Community Reinvestment Coalition (NCRC), investigated the lethal pre-existing economic conditions for Black-owned businesses and the impact racial wealth inequality has had on entrepreneurship, particularly how it shapes the prospects for COVID-19 relief and recovery for Black entrepreneurs. [Read more] ([link removed])
NCRC Applauds CDC Decision To Extend Eviction Moratorium
“This was the right move and essential to keep people safe and in their homes. The pandemic isn’t over, the financial crisis it created for millions of families isn’t over, and evictions now would make the situation much worse." [Read more] ([link removed])
** Views
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Women, Men, Race And Economic Inequality
By Dedrick Asante-Muhammad and Sally Sim
Women have made great strides in the workplace, comprising nearly half of the workforce, and surpassing men in higher education achievement. Yet, women still make less income, have less wealth, and face greater economic instability than men. [Read more] ([link removed])
Women Need Child Care; Child Care Needs To Change
By Karen Kali
Having access to affordable child care is essential to having labor force participation from women, who, due to sexist societal and traditional gender roles combined with lower wages than men, struggle between workforce participation or the care and education of their children. [Read more] ([link removed])
** Field Notes
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Celebrating Women’s History Month With 30 Women Founders In Washington, D.C.
By Monti Taylor
This month, we celebrate the stories of women entrepreneurs in D.C. A rich entrepreneurial environment and small business assistance organizations contribute to their success, but the real story begins with the women who set out to solve problems. [Read more] ([link removed])
** Research
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Racial Wealth Snapshot: Women, Men And The Racial Wealth Divide
By Dedrick Asante-Muhammad and Sally Sim
Women have made great strides in the workplace, comprising nearly half of the workforce, and surpassing men in higher education achievement. Yet, women still make less income, have less wealth and face greater economic instability than their male counterparts. [Read More] ([link removed])
Black Entrepreneurship’s Lethal Pre-Existing Condition: The Racial Wealth Divide During The COVID Crisis
By Dedrick Asante-Muhammad, Dr. Jared Ball, Jamie Buell, Joshua Devine
Much like the impact on individuals, the severity with which COVID-19 continues to ravage Black businesses has everything to do with their precondition. To focus primarily on the negative impact of COVID-19 on Black businesses fails to recognize the poor economic health of Black entrepreneurs and small businesses before the COVID crisis and the pre-existing conditions which set the context for recent trends. [Read More] ([link removed])
** Resources
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Forum & Hub
NCRC members: Don't forget you have access to our forum ([link removed]) and member hub ([link removed]) ! Learn more about membership here ([link removed]) . You can join as an organization or an individual ([link removed]) .
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])
** Events
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NCRC Legislative/Regulatory Call - April
April 14, 1:30 pm EST - 2:30 pm EST
Join NCRC for a monthly call to share major updates on NCRC policy work around the CRA, CFPB, mergers and other news affecting our coalition of members. [Register now] ([link removed])
ZIP Code Matters: Documentary Screening And Panel Discussion
April 29, 6:00 pm EST - 7:30 pm EST
Join NCRC's director of research Jason Richardson and other experts for a special virtual screening of a new documentary, followed by a panel discussion to further explore how our life outcomes are shaped by where we live. [Register now] ([link removed])
2021 Just Economy Conference
May 3-4
Come to the national online event for community, policy, government, business and foundation leaders who work for fairness in lending, housing and business, and to make all Americans equal parts of the formula for national success. [Register now] ([link removed])
** In the News
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Minority Entrepreneurs Struggled To Get Small-Business Relief Loans
By Stacy Cowley, The New York Times
A year after the Paycheck Protection Program started, studies show how its design hurt Black- and other minority-owned businesses. [Read More] ([link removed])
How To Budget For A New Home So You Don’t End Up House Poor
By Linda Bell, NerdWallet
Saving 1% of the property’s value is a good starting point for maintenance expenses per year, says Ibijoke Akinbowale, director of the Housing Counseling Network at the National Community Reinvestment Coalition. [Read More] ([link removed])
Bank M&A Rules Could Get Even Tougher Under Biden
By Brendan Pedersen, American Banker
“The almost sole emphasis on antitrust considerations in the existing DOJ merger review analysis is insufficient in attaining the objectives of public benefits required by banking law,” wrote the National Community Reinvestment Coalition wrote in a comment letter. [Read More] ([link removed])
** On Our Radar
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Wall Street’s Fixation On Quick Profits Wreaking Havoc In The ‘Real’ Economy, Report Says
By Christopher Ingraham, The Washington Post
U.S. businesses are prioritizing shareholder profits over long-term investments, and the economy’s worse off for it. [Read More] ([link removed])
A Reckoning For Baltimore Banks, Asking Them To Invest Billions More To Help Black And Latino Businesses And Families
By Dan Rodricks, The Baltimore Sun
Leaders of the Community Reinvestment Act for Blacks and Latinos of Baltimore say it’s time for the banks to do more for minority-owned small businesses and for Black and Latino families that wish to own a home. [Read More] ([link removed])
A Chance To 'Rise': St. Louis Elects 1st Black Female Mayor
By The Associated Press
"We are done ignoring the racism that has held our city and our region back,” Jones said in her victory speech. [Read More] ([link removed])
Support our work
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