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** Just News
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for September 30, 2021
News and views from the National Community Reinvestment Coalition. Find more at ncrc.org. For continuous updates, follow us on Twitter ([link removed]) , Facebook ([link removed]) and Instagram ([link removed]) .
** News
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NCRC Files Complaints Against Real Estate Agents for Anti-Asian Business Practices
NCRC has filed fair housing complaints against three real estate providers for discriminating against prospective Asian American clients. [Read more ([link removed]) ]
NCRC Director Ibijoke Akinbowale Appointed to HUD Advisory Committee
The US Department of Housing and Urban Development has appointed six new members to its Housing Counseling Federal Advisory Committee, including Ibijoke Akinbowale, director of the National Community Reinvestment Coalition’s Housing Counseling Network. [Read more ([link removed]) ]
NCRC Statement on Nomination of Saule Omarova as Comptroller of the Currency
“We look forward to working with Professor Omarova toward a new and much stronger commitment throughout the OCC to make public benefits the agency’s priority, not bank industry profits," said Jesse Van Tol, President & CEO of the National Community Reinvestment Coalition. [Read more ([link removed]) ]
** Views
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Closing the Racial Wealth Divide: A Plan to Boost Black Homeownership
By Dedrick Asante-Muhammad and Joshua Devine
Homeownership is an essential pillar of wealth-building for the African American community. To be sure, closing the racial wealth gap between White and Black Americans will require more than promoting Black homeownership. It is, however, hard to imagine closing the racial wealth gap without also ensuring that the benefits of homeownership are broadly accessible to all Americans. [Read more ([link removed]) ]
** Research
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Racial Wealth Snapshot: Latino Americans
By Dedrick Asante-Muhammad, Alexandra Perez and Jamie Buell
Latinos have the lowest attainment of bachelor’s degrees or higher of the major racial/ethnic groups in the United States. According to US Census Bureau 2020 Current Population Survey’s Annual Social and Economic Supplements, only about 20% of Latinos aged 25 years or older had a bachelor’s degree or higher. In contrast, 41% of Whites, 28% of African Americans and 61% of Asian Americans had a bachelor’s degree or higher. [Read more ([link removed]) ] [View Infographic ([link removed]) ]
** Resources
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A DC Hub for Nonprofits, Events and Work
The new Just Economy Club in DC, housed on the 3rd floor of NCRC’s headquarters at 740 15th St. NW, is designed for social sector nonprofits and events. It’s in the historic Union Trust building at 15th and H Streets, just around the corner from The White House. [Read more ([link removed]) ]
Browse Our Collection of Research and Reports
We have an extensive library of research and reports that dates back many years; now available in one convenient location! [View all ([link removed]) ]
Browse Our Collection of Racial Wealth Snapshots
Over the past two years, NCRC has put together a catalog of Racial Wealth Snapshots. [View all ([link removed]) ]
Sign and Share the Just Economy Pledge
Our economic and social fractures were devastating before COVID, and the pandemic was a painful reminder that inequality isn’t simply about how much stuff you have. It’s about life and death. [Read more ([link removed]) ]
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])
TreasureCRA Page
CRA will be essential for COVID-19 economic recovery in the communities hardest hit by the pandemic. Use the tools on this page to reach your friends and local leaders. [Read more] ([link removed])
** In the News
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Why It May Be Time for a More Compassionate Bereavement Policy
By Emilie Shumway, HR Dive
Tamara Rasberry, director of HR and operations for the National Community Reinvestment Coalition, has consulted with a number of companies on how to craft a bereavement leave policy. Almost always, she said, companies "started out having a three-day bereavement policy … three days, for some reason, is the general number most places use." [Read more ([link removed]) ]
Wall Street’s Attacks on Biden Nominee Are a Red Herring
By David Dayen and Lee Harris, The American Prospect
Omarova would also be a key figure in the OCC’s planned overhaul to the Community Reinvestment Act, banks’ basically unenforced, decades-old requirement to lend to low-income areas. The National Community Reinvestment Coalition, which aims to end lending discrimination, welcomed the pick. [Read more ([link removed]) ]
The Pandemic Hit Cities Hard, but Especially Washington, DC
By Julie Bykowicz and Paul Overberg, The Wall Street Journal
Rising housing prices have drained away Black residents over the years, as landlords who had rented to mostly Black families sold properties at a premium, often to white residents or to developers trying to attract higher-income buyers, also primarily white, said Jason Richardson, director of research at the National Community Reinvestment Coalition. [Read more ([link removed]) ]
** On Our Radar
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How One Chicago Bank Is Growing The Economy and Advancing Women in Business
By Jennifer Jay Palumbo, Forbes
On September 22, 2021, the First Women's Bank (FWB) celebrated its Grand Opening with a Ribbon Cutting ceremony at its flagship location in Chicago. The Bank is the only women-founded, women-owned, and women-led commercial bank, focusing on serving the women's economy.[Read more ([link removed]) ]
The Feared Eviction ‘Tsunami’ Has Not Yet Happened. Experts Are Conflicted on Why.
By Rachel Siegel and Jonathan O'Connell, The Washington Post
Eviction filings have fallen or remained flat in many areas after the moratorium was struck down. [Read more ([link removed]) ]
Equitable Research Requires Questioning the Status Quo
By Lauren Farrell, Urban Institute
Long-standing values and practices rooted in racism, ableism, and classism are ingrained in the fabric of research, leaving many researchers unaware of the harm they are causing. Researchers can counteract harmful aspects of these practices by sharing power with the people and communities they study. [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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