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** Just News
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for March 4, 2022
News and views from the National Community Reinvestment Coalition. Find more at ncrc.org.
For continuous updates, follow us on Twitter ([link removed]) , FB ([link removed]) , LinkedIn ([link removed]) and I ([link removed]) G ([link removed]) .
** Announcements
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Horasis USA Meeting 2022
March 4, 3:30 pm ET - 4:15 pm ET
Join NCRC’s Chief Communications and Marketing Officer Andrew Nachison at Horasis USA Meeting 2022 for a panel discussion: Governments are Supposed to Discuss, Not Totally Oppose. [Register here ([link removed]) ]
2022 Just Economy Conference
The Just Economy Conference is back, live in DC June 13-15. Don't miss it. [Register here ([link removed]) ]
** News
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Mayor Woodfin to Present Keys to First Homeowners in Historic Birmingham Neighborhood
These will be the first closings under the $25 million partnership between the City of Birmingham and The NCRC Housing Rehab Fund, known as GROWTH by NCRC. [Read more ([link removed]) ]
Advocacy Groups Remind Bank Regulators of the Urgent Need for Stronger CRA Rules and Tougher Enforcement on Lending Equity and Bank Mergers
With federal bank regulators poised to unveil new rules for implementation of the Community Reinvestment Act (CRA), local and national community advocacy groups today reminded them of the urgent need to make CRA exams more rigorous, expand data collection and improve communication around merger reviews. [Read more ([link removed]) ]
** Views
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Older Adults and Mortgage Lending
By NCRC
The older adult mortgage market differs in many ways from the rest of the Home Mortgage Data Act (HMDA) data. In many cases, special accommodations are needed for older adults to allow them to age in place. [Read more ([link removed]) ]
** Policy
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Position Paper on CRA Reform
By NCRC
CRA has been instrumental in leveraging bank financing for retail lending and community development in low- and moderate-income (LMI) communities since its passage in 1977. This position paper describes important subjects for CRA reform. [Read more ([link removed]) ]
** Research
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Racial Wealth Snapshot: Women, Men, and Racial Wealth Divide
By Dedrick Asante-Muhammad, Esha Kamra, Connor Sanchez
This snapshot will briefly review the socio-economic differences between men and women and highlight how those differences intersect with racial and ethnic disparities in the United States.[Read more ([link removed]) ]
** Events
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International Women’s Day Celebration at ShopHER!
March 8, 6:00 pm ET - 8:00 pm ET
Come celebrate women entrepreneurs from around the world and featured at ShopHER, DC region’s small business retail incubator for women-owned small businesses.
[Register here ([link removed]) ]
NPQ Webinar: Remaking The Economy: Redefining Risk
March 10, 2:00 Pm EST – 3:00 Pm EST
In this webinar, participants challenge assumptions about risk and discuss how to shift risk to those who can afford to bear it and facilitate the building of wealth in low-income communities and communities of color. [Register here ([link removed]) ]
Navigating Foreclosure Part II: Fundamentals Of Foreclosure Counseling
March 10, 2:00 Pm EST – 3:00 Pm EST
Join NCRC’s National Training Academy as they discuss the skills and knowledge required to conduct a foreclosure prevention counseling session.
[ ([link removed]) Register here ([link removed]) ] ([link removed])
** In the News
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Kim Janey to Track Historical Landmarks in Boston Foundation Appointment
By Gal Tziperman Lotan, The Boston Globe
A 2020 report from the National Community Reinvestment Coalition named Boston the third most gentrified city in America, after San Francisco and Denver, citing increases in median home values, household income, and college educational attainment. [Read more ([link removed]) ]
Homeownership is the One Bright Spot in Building Hispanic Generational Wealth
By Alcynna Lloyd, Business Insider
"Hispanics median household income of $56,000 leaves little for nonessential expenses like investments that are wealth building," said Dedrick Asante-Muhammad, NCRC's chief of membership, policy, and equity. "This paired with a lack of wealth in the community as a whole maintains deep racial/ethnic wealth inequality." [Read more ([link removed]) ]
Why The Community Reinvestment Act Needs A Racial Equity Lens
By Randell Leach, Forbes
There are strong legal grounds for including race and ethnicity in CRA evaluations. According to the National Community Reinvestment Coalition, “the CRA statute itself and the constitutional parameters set out by court cases around race-conscious policies demonstrate that the prudential regulators have substantial latitude to incorporate race and ethnicity in CRA evaluations and within the agency’s framework design.” [Read more ([link removed]) ]
** On Our Radar
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Russian Cyber Attacks Against US Banks Increasing: Sources
By Charles Gasparino, New York Post
Russia appears to have officially declared cyberwar on the US, taking what’s been described as preliminary steps at crippling its banking system and possibly other major industries. [Read more ([link removed]) ]
Powell Says Fed Is on Track to Raise Rates in Two Weeks
By Nick Timiraos, The Wall Street Journal
Federal Reserve Chairman Jerome Powell said he would propose a quarter-percentage point rate increase at the central bank’s meeting in two weeks amid high inflation, strong economic demand and a tight labor market, offering an unusually explicit preview of anticipated policy action. [Read more ([link removed]) ]
We Should Still Defund the Police
By Keeanga-Yamahtta Taylor, The New Yorker
Cuts to public services that might mitigate poverty and promote social mobility have become a perpetual excuse for more policing. [Read more ([link removed]) ]
** Resources
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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 ([link removed]) ]
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 ([link removed]) 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
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 ([link removed]) ]
Member Hub
NCRC members: Don't forget you have access to our member hub ([link removed]) ! Learn more about membership here ([link removed]) . You can join as an organization or an individual ([link removed]) .
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])
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])
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 ([link removed])
Jobs
We are always looking for talented people.
Click here to see job openings. ([link removed])
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