Introducing the Just Economy Pledge!
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** Just News
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for June 3, 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]) .
** Announcements
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Introducing The Just Economy Pledge
America should not only promise but deliver to all Americans opportunities to build wealth and live well. [Read more ([link removed]) ]
** News
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NCRC Commends President Biden For Addressing Racial Wealth Divide And Discrimination
The actions announced today are a downpayment on equitable investments in communities, expanded funding for affordable housing, the removal of barriers that have blocked equitable development, and the opportunity to participate in the federal procurement process. [Read more ([link removed]) ]
NCRC Selects 30 Organizations For First Round Of $5 Million Grant Fund
Supported by Morgan Stanley, the $5 million Field Empowerment Fund provides unrestricted grants to NCRC members to respond to the economic impacts of the coronavirus pandemic. [Read more ([link removed]) ]
** Views
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The Tulsa Race Massacre: A Reminder Of The Ongoing Fight For Black Wealth Equality
By Sabrina Terry
While Greenwood (aka the Black Wall Street) was literally set to flames in 1921, the veiled injustices that Black small businesses fight today are equally cruel and threaten not only the economic well being of Black people but the culture and history of Black neighborhoods. [Read more ([link removed]) ]
COVID-19’s Toll On Mental Health
By Christina Miller
How is your stress level? Are you feeling anxious? If you answered pretty high or yes, you are not alone. The pandemic’s impact on mental health is significant and well-documented. [Read more ([link removed]) ]
** Field Notes
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Viruses Know No Borders. Vaccines Shouldn’t Either.
By Monica Grover
As an Indian American, my family has experienced the worst of this pandemic in two countries. For any of us to be safe, we all need vaccine equity. [Read more ([link removed]) ]
How To Take Charge Of Your Finances
By Cindy Hounsell
April is Financial Literacy Month. You might be thinking, who cares? Well, how about using it to take a first financial step to learn something new. [Read more] ([link removed])
** Research
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Landis’s Lease-To-Own Model & Black Homeownership
By Jamie Buell, Dedrick Asante-Muhammad
For most Americans, homeownership is the greatest wealth-building asset. However, Black homeownership continues to significantly lag behind White homeownership. This brief explores the potential for Landis, a lease-to-own homeownership company, to make homeownership more accessible for African Americans. [Read More ([link removed]) ]
The COVID Pandemic And Its Impacts On Culturally-Significant Businesses
By Sabiyha Prince, Ph.D., Jad Edlebi, Bruce C. Mitchell, Ph.D., and Jason Richardson
In the American public sphere today, there is a lot of talk about culture and its significance in our everyday lives. In U.S. urban centers, the loss of traits that make communities unique and meaningful, particularly to long-term residents, is often due to the impacts of gentrification, redlining, environmental injustices, and the lack of sustained, community-based investment. [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]) .
2021 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] ([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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Member Benefits Webinar
June 15, 1:00 pm ET - 2:00 pm ET
Join NCRC to learn what resources, services, content, and networking opportunities your membership includes and how being a NCRC member can help you in your fight for a #JustEconomy. [Register now ([link removed]) ]
Working Together for Social Change Through Community Partnerships
June 9, 2:00 pm ET - 3:30 pm ET
Join NCRC's to learn how to cultivate relationships with grassroots organizations and nontraditional partners to increase program effectiveness. [Register now ([link removed]) ]
Fundraising for Sustainability
June 10-11,10:00 am ET - 3:00 pm ET
Join NCRC to gain knowledge about donor portfolio development and management, the psychology of giving and maximizing their digital fundraising ecosystem to build an effective fundraising program. [Register now ([link removed]) ]
** In the News
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Judging the Past Year’s Success of Racial Equality Housing Initiatives
By Paul Centopani, National Mortgage News
Black homeownership programs don’t go beyond lip service without actionable and measurable objectives, Dedrick Asante-Muhammad, the National Community Reinvestment Coalition’s chief of membership, policy and equity, explained in an interview. [Read More ([link removed]) ]
'A Billion Dollars Would Get People's Attention': Support Builds for Solution to Increase Lending in Minority Neighborhoods
By David Schechter, Jason Trahan, Chance Horner, WFAA
The concept was developed in part by the National Community Reinvestment Coalition, which advocates for greater reinvestment by banks in low- to moderate-income neighborhoods. The coalition has drafted model legislation that local governments can work from. [Read More ([link removed]) ]
Report: Racial Wealth Gap, Discrimination Block Minority Businesses from Financing
By Yawu Miller, The Bay State News
Matos noted that the National Community Reinvestment Coalition has for years conducted tests where it sends pairs of individuals with identical profiles — one white, one a person of color — to lending institutions. The disparate results have suggested discrimination exists across the board. [Read More ([link removed]) ]
Dedrick Asante-Muhammed on the Racial Wealth Gap
By C-SPAN
Dedrick Asante-Muhammed talked about the racial wealth gap in the U.S. and proposals to close that gap. [Read More ([link removed]) ]
** On Our Radar
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Jobless Claims Drop to Another Pandemic Low
By Gwynn Guilford, The Wall Street Journal
Worker filings for initial jobless claims have dropped by 35% since late April, adding to signs of a healing labor market as the U.S. economy ramps up. [Read More ([link removed]) ]
As Pride Month kicks off, New York lesbian bars emerge from pandemic woes
By Maria Caspani, Caitlin Ochs, Rueters
At Henrietta Hudson, one of New York City’s most iconic LGBTQ hangouts, co-owner Lisa Cannistraci had long mulled a makeover but put off tackling the changes while business was good. [ ([link removed]) Read More ([link removed]) ]
Opinion: It was much more than Tulsa
By Eugene Robinson, The Wall Street Journal
No one should be under the impression that the burning of “Black Wall Street” in Tulsa a century ago was a one-off atrocity. In fact, it was part of a long and shameful pattern in which White mobs used murderous violence to erase African American prosperity. [Read More ([link removed]) ]
Support our work
Join the Just Economy Club, the network for individuals who support NCRC’s research, publishing, investigations, training, advocacy and programs.
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Jobs
We are always looking for talented people.
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