Announcements
NCRC’s Fair Lending Tool Webinar
April 5, 1 pm - 2 pm ET
Join us to learn how to use NCRC’s interactive Fair Lending Tool to produce a report on mortgages, small business lending and bank branch networks for any city, county or metro area in the nation. [Register here]
2022 Just Economy Conference
The Just Economy Conference is back, live in DC, June 13-15. Don't miss it. [Register here]
|
|
News
Senate Gridlock on David Uejio Nomination Must End, Community Groups Write
“The delayed confirmation of David Uejio means one of our nation’s key civil rights roles is still empty – impeding HUD’s ability to protect people from discrimination and enact needed internal reforms,” National Community Reinvestment Coalition Senior Director of Policy Megan Haberle said. [Read more]
|
|
Views
PAVE Task Force Action Plan to Address Appraisal Bias is a Bold Leap Forward
By Brad Blower and Megan Haberle
It identifies the historical role of racism in the valuation of rental property, examines various forms of bias in property valuation, and lays out a roadmap of concrete action steps under a whole-of-government approach. [Read more]
To Achieve a Truly Just Economy, We Need to Prioritize the Needs of Working Mothers
By Monica Grover
Though remote work productivity skyrocketed in many ways during the pandemic, there is a trend to return to the old normal. The needs of working mothers are still not top of mind for many companies. The difference now is that women are not eager to return to antiquated workplaces that don’t work for them. [Read more]
Ketanji Brown Jackson Should Be Confirmed to the Supreme Court
By Rosemary Ramirez
President Biden’s nomination of Judge Ketanji Brown Jackson to serve on the Supreme Court will make the nation’s highest court more reflective of America. The Court will benefit from the variety of professional experiences that inform Judge Brown Jackson’s legal analysis. [Read more]
|
|
Field Notes
NCRC Member Profile: Newcap, Inc.
By Cheryl Detrick
Newcap’s mission for over 50 years has been to move people from poverty to opportunities and economic security, while enhancing community development. Through our many programs, Newcap works to support and advocate for those that we serve. We seek a high quality of life for each of our clients that starts with a whole family approach. [Read more]
DCWBC ShopHer Profile: T&U Cashmere
By Deb Almond
This is the first in a series of profiles showcasing the talented entrepreneurs of ShopHER, a pop-up incubator for women-owned small businesses in the DC Metro Region. Our first interview is with Tosca Metz, owner of T&U Cashmere. [Read more]
|
|
Events
Foreclosure Counseling
March 30, 2 pm - 3 pm ET
Join NCRC's National Training Academy for a webinar introduction to foreclosure counseling for the beginner, and a great refresher for seasoned counselors who are ramping up for another potential wave of requests for foreclosure avoidance help. [ Register here]
NCRC’s Jason Richardson Speaking At FHCCI’s Fair Housing Conference
April 12, 3:45 pm - 4:45 pm ET
Join NCRC’s Senior Director of Research Jason Richardson to learn more about bank branch closures at the Fair Housing Center of Central Indiana’s (FHCCI) 10th Annual Fair Housing Conference (Virtual). [ Register here]
Nonprofit Quarterly’s Remaking The Economy: How To Design Democratic Management
April 14, 2 pm ET
In this webinar, panelists will discuss how to design workplaces that effectively balance organizational performance with democratic management and governance. [ Register here]
|
|
In the News
PPP Loans Were Made to Be Forgiven. In Heavily Black Areas Like South Florida, Many Aren’t
By Ben Wieder, Miami Herald
Researchers at NCRC sent White and Black borrowers with similar financial profiles to banks to inquire about short-term loans for their small businesses, including PPP loans, in April and May of 2020. White prospective borrowers were more often encouraged to apply for a loan. “It was blatant discrimination,” said Anneliese Lederer, director of fair lending and consumer protection at the NCRC. [Read more]
Why Truist is Working on a New Community Investment Pledge
By Jon Prior, American Banker
“Several of our bank partners — including Truist — have proactively approached us to update their commitments,” NCRC President and CEO Jesse Van Tol said. “They see it as a valuable framework to measure their progress in serving the community, including their efforts towards racial equity.” [Read more]
Some Who Rushed to Buy Homes During the Pandemic Now Regret it
By Ailsa Chang, Consider This from NPR
"I think a lot of the focus for us as an organization during the pandemic was, how do we support or ensure existing homeowners aren't losing their homes, particularly while their economic conditions were a bit unstable?" said NCRC director of Racial Economic Equity Joshua Devine. [Read more]
|
|
On Our Radar
Housing Boom Loses Steam? Home Sales May Drop 25% by the End of Summer, Says Analyst
By Chris Morris, Fortune
The prediction is based upon data from the Mortgage Bankers Association that shows an 8% decline in loan applications. That comes as the average monthly mortgage payment has increased by over $400 per month, Shepherdson calculates. And it could be a canary for the housing industry. [Read more]
New Data on the Characteristics of Mortgage Borrowers During the COVID-19 Pandemic
By Consumer Financial Protection Bureau
The focus of this latest report is to understand the mortgage characteristics and demographics of borrowers who remained in forbearance in January 2022. [Read more]
Rent Jumped 17% Since Last Year, Hitting a New Record
By Anna Bahney, CNN Business
The national median rent was $1,792 last month, up 17% from a year ago, according to a report from Realtor.com. Rent for studio apartments, one bedrooms and two bedrooms all saw double-digit increases over the past year. [Read more]
Walkability and Redlining: How Built Environments Impact Health and Perpetuate Disparities
By Gianna Melillo, AJMC
Black Americans currently have the highest cardiovascular disease mortality rate in the country compared with any other racial/ethnic group. Living in a historically redlined area could expose residents to more stressors, which can biologically manifest as cortisol, increasing body mass index. Cumulative stress exposure can also lead to physiological wear and tear (ie, weathering) leading to hypertension. [Read more]
|
|
Resources
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]
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]
|
|
|
|
|
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
|
|
|
|
|
|
