Announcements
New Report: Massachusetts Offers A Model For Expanding Federal Community Reinvestment Act To Independent Mortgage Companies
A statewide Community Reinvestment Act (CRA) for mortgage companies in Massachusetts provides a solid starting place for establishing a national policy to require nonbank mortgage lenders to serve qualified lower-income borrowers, a new report from the National Community Reinvestment Coalition (NCRC) found. [Read more]
2021 Policy Agenda For The 117th Session Of Congress
For nearly 30 years, NCRC has worked to create a just economy. We believe capital of various forms must be engaged in building an equitable and fair economy. [Read more]
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News
Whites And The Racial Wealth Divide Snapshot
This is one in a series of racial wealth snapshots. The idea and identity of whiteness in America has long been constructed, remodeled and refitted. [Read more]
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Research
In Philadelphia, Over 21,500 Evictions Were Avoided During The Pandemic, Mostly In Black And Hispanic Communities. Will Evictions Soar As The Moratorium Ends?
By Jason Richardson, Bruce Mitchell and Jad Edlebi
The COVID-19 pandemic has resulted in a crisis for renters and small landlords as missing rent payments have driven both to the brink. [Read more]
Massachusetts CRA For Mortgage Companies: A Good Starting Point For Federal Policy
Several affordable housing and civil rights organizations engaged in a multi-year advocacy campaign for expanding Massachusetts’ statewide Community Reinvestment Act (CRA) to include mortgage companies. [Read more]
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Resources
Forum & Hub
NCRC members: Don't forget you have access to our forum and member hub! Learn more about membership here. You can join as an organization or an individual.
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]
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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In the News
Black Borrowers More Likely to Make Financial Sacrifices to Buy Homes
By DJ Shaw, National Mortgage News
“African Americans are much less likely to come from families, communities that have strong homeownership,” said Dedrick Asante-Muhammad, chief of membership, policy and equity at the National Community Reinvestment Coalition. “They're going to get a lot less assistance through generational wealth.” [Read More]
Biden’s Order Could Make It Easier for Americans to Borrow
By Marissa Gamache, Yahoo Money
“Banking data allows lenders to understand in granular detail what a person’s cash flow is, how much money they have coming in every month, how much they are spending, and how much they have leftover at the end of the month,” said Jesse Van Tol, CEO of National Community Reinvestment Coalition. [Read More]
Low-Income Lending Rules Set for Broad Overhaul
By Andrew Ackerman, The Wall Street Journal
“The deeply flawed OCC proposal, hard fought by community advocates, has been deservedly put to its grave,” said Jesse Van Tol, the chief executive of the National Community Reinvestment Coalition, a fair-lending advocacy group. [Read More]
A Banking Regulator Says It Will Start Fresh on an Anti-Redlining Rule, Scrapping a Trump-Era Version
By Emily Flitter, The New York Times
Jesse Van Tol, the chief executive of the National Community Reinvestment Coalition, a nonprofit group that pressures banks to increase their activities in poorer neighborhoods, said he was pleased that the agency was “finally turning the page on this terrible rule.” [Read More]
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On Our Radar
How to close the wealth gap from the bottom up
By Editorial Board, The Washington Post
More taxation of capital gains and estates could help shrink the United States’ wealth gap from the top down. The gap must also be closed from the bottom up, by bolstering access to the three key ingredients of middle-class wealth: owner-occupied homes; financial assets, such as stocks; and human capital, in the form of training and education. [Read More]
Baltimore takes over more than 500 homes for redevelopment
By Hallie Miller, The Washington Post
In an aging city with several ongoing redevelopment projects, such property seizure is commonplace. But some argue its use is uneven, typically resulting in the displacement of low-income and working-class people in communities of color. [Read More]
Disrupting the Pipeline That Channels Youth in Foster Care to Homelessness
By Steve Volk, Next City
Last winter, when the temperatures dipped below freezing, Miracle spent much of her night on Philadelphia’s SEPTA trains, sleeping. For safety, she allied with other young people also riding out periods of homelessness on the city’s rail lines. [Read More]
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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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