Announcements
Last Call for Submissions: Speak at the 2022 Just Economy Conference
Today is the last day to submit your session ideas! What conversations do you want to lead? What new ideas can you bring to the table to help us imagine and create a just economy? What topics are most critical as we continue to deal with an economy ravaged by a global pandemic? Submit by this Friday, February 4! [Submit Now]
A DC Hub for Nonprofits, Events and Work
For nonprofits and social sector ventures in DC: Do your work and meetings at the new Just Economy Club in DC. It’s hosted by NCRC in the historic Union Trust building at 15th and H Streets, just around the corner from The White House. [Read more]
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News
NCRC and Old National Announce $8.3 Billion Community Benefits Agreement to Strengthen Small Businesses, and Minority & Underserved Communities
Old National Bancorp and the National Community Reinvestment Coalition this week announced an $8.3 billion Community Growth Plan that builds on its long-standing commitment to support historically underserved and economically disadvantaged individuals, families and communities throughout its footprint. The plan was developed in collaboration with NCRC and its members and is subject to the closing of the First Midwest Bancorp, Inc. merger. [Read more]
NCRC Urges Senate to Confirm Bloom Raskin, Cook and Jefferson to Federal Reserve Board
The National Community Reinvestment Coalition (NCRC) this week applauded the nomination of Sarah Bloom Raskin to become Vice-Chair for Supervision at the Federal Reserve and urged the US Senate to swiftly confirm her. [Read more]
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Views
The Failure of The Private Mortgage Market
By Dedrick Asante-Muhammad
A review of mortgage data from 2020 reveals how the private lending market continues to inadequately serve most households of color. This is despite government-backed mortgages designed to assist low- and moderate-income households. [Read more]
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Events
Legal Referrals and Limited Representation
February 9, 2:00 pm ET – 3:30 pm ET
Join NCRC's National Training Academy for this webinar on how counseling practitioners distinguish the line between the provision of housing counseling and the practice of law.
[Register here]
2022 Just Economy Conference
June 13-15, 8:00 am ET
Join us in person for our annual conference centering around the pillars of fair housing and lending, workforce and community development, healthcare, business education, civil and human rights, and much more.
[Register here]
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Research
NCRC 2020 Home Mortgage Report: Examining Shifts During COVID-19
By Jason Richardson, Joshua Devine and Jamie Buell
In this paper, the National Community Reinvestment Coalition’s Research and Racial Economic Equity teams completed a broad and detailed analysis of 2020 Home Mortgage Disclosure Act (HMDA) data. Our analysis revealed how the private mortgage lending market is failing to serve economically insecure households of color. This reinforces the racial divide in homeownership which props up the growing racial wealth divide. [Read more]
Does Perceived Socio-Economic Status Impact Access to Credit in the Small Business Arena?
By Anneliese Lederer, Sara Oros, Dr. Sterling Bone, Dr. Maura Scott, Dr. Glenn Christensen
A new set of tests by NCRC found the customer experience was worse for Black testers compared to White testers, especially for those with lower perceived socioeconomic status. [Read more]
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Resources
New Learning & Training Hub
Our new learning management system is live! It is designed with you in mind, offering a more robust experience for every kind of learner. [Learn more]
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]
Browse Our Collection of Racial Wealth Snapshots
Over the past two years, NCRC has put together a catalog of Racial Wealth Snapshots. [View all]
Sign and Share the Just Economy Pledge
America should not only promise but deliver to all Americans opportunities to build wealth and live well. Sign the pledge and share it to help us expand the movement for a Just Economy. [Sign and Share]
Member Hub
NCRC members: Don't forget you have access to our member hub! Learn more about membership here. You can join as an organization or an individual.
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]
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]
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In the News
Truist Shuttering Five More Branches in the Charlotte Area. Is Your Location Closing?
By Hannah Lang, Charlotte Observer
“There’s not really a sense of when banks are going to stop closing branches,” said Jason Richardson, director of research at the National Community Reinvestment Coalition, told the Observer this month. “How many bank branches do you really need, if you’re a mid-range regional bank with 80 branches right now, and three quarters of your consumers are working online anyway?” [Read more]
This New Initiative Is Aiming to Create 3 Million New Black Homeowners
By Mili Mansary, Apartment Therapy
In 2019, there were about 6.45 million Black homeowners in the United States. This put the Black homeownership rate at 42 percent, as low as it was in 1970. Meanwhile, the rate of white homeownership increased to 73 percent percent, according to the National Community Reinvestment Coalition. [Read more]
When Banks Ask Loan Applicants About Their Arrest Record
By CCRC Staff, Collateral Consequences Resource Center
The National Community Reinvestment Coalition reports that its evaluation of small business loan applications from a sample of seven banks in Washington, DC revealed that “some lenders discriminate against applicants who have been charged at any time in their lives with a criminal offense.” A comment on the NCRC website proposes that these banks consider applicants to be “a lending risk for having been ‘ever charged’ with any crime, other than a minor vehicle violation, no matter when it occurred.” It goes on to argue that “[t]his practice is not only factually suspect, it is discriminatory.” The comment, written by Anneliese Lederer, the NCRC’s Director of Fair Lending, was subsequently republished in The American Banker. [Read more]
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On Our Radar
DC Launches Pilot Program to Give Cash to New Parents and Pregnant People
By Martin Austermuhle, NPR
D.C. Mayor Muriel Bowser announced Thursday that the city is putting $1.5 million towards a pilot program to provide direct cash payments to 132 low-income new parents and pregnant people in wards 5, 7, and 8, offering each of them up to $900 a month for a year — with no conditions or expectations on how they should spend it. [Read more]
Private Management of Public Housing Led to Erosion of Tenants’ Rights, Report Finds
By Chau Lam, Gothamist
The group also determined there had been an erosion of residents’ rights in public housing developments under private management and a lack of oversight by NYCHA and the federal housing authority of the city’s privatization program known as Permanent Affordability Commitment Together (PACT). [Read more]
"Nobody Wins. Everyone Suffers": High Cost of Child Care Strains Families
By Mark Strassman, CBS News
Except for Washington, D.C., Massachusetts has the country's most-expensive child care. For a 4-year-old, that cost averages $15,000 per year. It's almost $21,000 for an infant. By government standards, only 5% of Massachusetts families can afford infant care. [Read more]
Proposal to Convert Vacant Retail Spots into Housing
By Bob Dumas, Boston 25 News
In a region starved for new housing, the idea of repurposing under-utilized strip malls is something that Chris Kuschel, a principal planner at the Metropolitan Area Planning Council, likes. “I think it has the potential to be transformative.” One of the biggest hurdles for creating new housing is a chronic shortage of land in eastern Massachusetts. [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.
Join Here
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