Announcements
NCRC, Morgan Stanley's New Equitable Development Fellowship Program
NCRC’s Fellowship for Equitable Development cultivates the next generation of community development leaders and empowers them to tackle the issues of tomorrow. Both hosts and fellows must apply for this opportunity. Applications will be accepted until May 6, 2022. [Apply now]
2022 Just Economy Conference
The first wave of discounted tickets are going fast! These early bird discounted tickets are almost gone, after which prices will increase. [Register here]
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News
NCRC, Partner Groups Urge Federal Reserve To Require Deposit Insurance And Supervision For All Financial Institutions That Receive Master Accounts
The Federal Reserve Board should not open the door to its payment services for uninsured fintech firms, the National Community Reinvestment Coalition (NCRC) and partner groups wrote in a comment letter. Instead, the Federal Reserve should require all financial institutions seeking direct access to the Fed’s central bank payment systems to obtain deposit insurance and to be subject to consolidated supervision. [Read more]
NCRC Hails CFPB Resurgence In First Six Months Under New Leadership
Americans are benefitting from a reinvigorated, proactive and thoughtful Consumer Financial Protection Bureau (CFPB) six months into Director Rohit Chopra’s leadership, the head of the National Community Reinvestment Coalition (NCRC) said Monday. [Read more]
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Field Notes
DCWBC ShopHer Profile: The Elm Shop
By Deb Almond
This week we talked with Elaine Myada, owner of The Elm Shop and participating vendor at ShopHER. The Elm Shop is a women’s boutique that curates unique and beautiful items that support Black-owned businesses and HBCUs across the country. [Read more]
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Events
Join NCRC’s Marisa Calderon At The Women In Housing And Finance Annual Symposium
May 11, 10 am - 5 pm ET
Women in Housing and Finance’s 2022 Annual Symposium: How Innovation In Housing & Finance Is Leading Us Into Another Roaring 20’s. This event will have a virtual option. The 2022 WHF Annual Symposium will include keynote remarks from Alanna McCargo, Ginnie Mae President and former WHF Foundation Board member. The program will also offer panels on housing and digital assets. Attendees will have the opportunity to network at the close of the session. [ Register here]
Building Alabama Reinvestment (BAR) Conference 2022
May 12, 11 am - 6 pm ET
Join NCRC’s Senior Advisor Josh Silver as he gives the keynote speech at the Building Alabama Reinvestment (BAR) Conference. The BAR Conference’s mission is to create an atmosphere where community leaders and bankers can unite to discuss important issues and develop strategies to improve underserved communities, as well as serve low to moderate-income families. [ Register here]
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In the News
Waters’ Proposed Legislation Would Benefit Underbanked Communities
By B. Dan Berger, American Banker
A recent report from the National Community Reinvestment Coalition found that while families and Main Street small businesses were desperate for financial support and counsel, America’s banks took advantage of the crisis to accelerate the pace of their already planned branch closures, escalating the formation rate of banking deserts...The NCRC also says that over the past five years, one-third of these closures were concentrated in low- to middle-income and minority neighborhoods. [Read more]
Pittsburgh’s Racial Homeownership Gap Grows. What Can Be Done To Fix It?
By Katelyn Vue, Public Source
The National Community Reinvestment Coalition has published several reports highlighting the long-lasting impacts of redlining and housing discriminatory practices, including how the COVID-19 pandemic has worsened racial disparities in homeownership. [Read more]
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On Our Radar
Harvard Creates Fund To Redress Its Ties To Slavery
By Anemona Hartocollis, The New York Times
Harvard University is committing $100 million to study and redress its ties to slavery, the university’s president announced Tuesday, and with that money will create an endowed “Legacy of Slavery Fund,” which will continue researching and memorializing that history, working with descendants of Black and Native American people enslaved at Harvard, as well as their broader communities. [Read more]
Senate Report Details 'Ongoing Mistreatment' Of Service Members And Their Families Living In Privatized Military Housing
By Jessica Dean, CNN
A new bipartisan investigation by a Senate panel alleges one of the nation's largest military housing companies put the health and safety of military families at risk even after the housing company, Balfour Beatty Communities, pleaded guilty in December 2021 to committing fraud against the United States from 2013 to 2019. [Read more]
Biden May Cancel Student Debt Soon, Lawmakers Say After Meeting
By Alison Durkee, Forbes
President Joe Biden appears poised to likely cancel at least some federal student debt for millions of Americans, he signaled to lawmakers this week according to multiple reports, after White House Press Secretary Jen Psaki said Monday the president is set to decide by August whether to take action on student loan forgiveness. [Read more]
Redesigning The Housing Market To Build An Architecture Of Equality
By Andre M. Perry and Stuart Yasgur, Brookings
We invited innovators from across the country to submit inspiring ideas for redesigning a more equitable housing market. Participants included nonprofit and for-profit firm leaders, housing advocates, and entrepreneurs, who networked and provided peer feedback to one another. The innovations they submitted included new mortgage and appraisal products, novel ownership models, policy improvements, community organizing tools, and much more. [Read more]
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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]
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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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