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Just News

for June 24, 2022

News and views from the National Community Reinvestment Coalition. Find more at ncrc.org.

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Announcements


A Film Screening For Barry Farm: Community, Land & Justice in Washington, DC
July 21, 6-9 pm ET

Please join NCRC's Just Economy Club, in partnership with The Bertelsmann Foundation and DC Legacy Project, on July 21, 2022, from 6 to 9 pm ET for a film screening of the documentary: Barry Farm: Community, Land & Justice in Washington, DC.[Register here]

Videos


We are uploading videos of select breakout sessions from the 2022 Just Economy Conference. Please watch and share!

Getting It Through Our Thick Heads – Building Affordable Homeownership Is About Scale! 
The scale of our nation’s inventory crisis demands much more aggressive thinking about sustainable homeownership development. [Watch here] 

Fair Housing & Fair Lending Trends: A Look At Housing Policies And Regulations
NCRC's General Counsel Brad Blower moderated a discussion of interagency coordination, enforcement action, and regulatory reform in the areas of fair lending and fair housing with representatives of four key federal agencies. [Watch here] 

Discerning A Regulatory Approach: Crypto Currencies And Digital Asset 
Brian Brooks, CEO of BitFury, and Saule Omarova, a Cornell Law professor, in a lively debate explored questions of the right fit for digital assets within the regulatory banking perimeter during a Monday, June 13, 2022, panel at the Just Economy Conference. [Watch here
 

Views


Q&A: Why Is Data On LGBTQ+ Communities Lost In A Fog?
By Amy Lieber
Having good data is step one in identifying and eventually addressing social problems through well-considered policies. But one group that continues to lack representation in data are LGBTQ+ populations. The Center for American Progress notes that “there remains a persistent lack of routine data collection on sexual orientation and gender identity, including the disparities that affect the lesbian, gay, bisexual, and transgender, or LGBT, population—leaving the challenges facing LGBT communities largely unmapped.” I asked Jason Richardson, Senior Director of Research and Bruce Mitchell, Senior Analyst about these data challenges on the LGBTQ+ community, how that impacts the work NCRC does, and the broader policy implications.  
[Read more

 In the News


OCC Used “Outdated, Unclear” Guidance For Redlining Exams
By Georgia Kromrei, Housing Wire 
In recent years, community groups such as National Community Reinvestment Coalition have negotiated community benefits agreements with banks totaling $500 billion since 2016, by seizing on regulatory reviews of mergers to allege the banks redlined. The federal government also has signaled it will intensify its focus on redlining enforcement. The Department of Justice, the OCC and the Consumer Financial Protection Bureau in October 2021 announced a joint effort to combat “modern-day redlining.” [Read more]

Baldwin & Co. Coffee & Bookstore In New Orleans Makes A Delicious Brew And A Big Impact At The Same Time
By Parker Diakite, Essence

The most recent report from NCRC found that New Orleans is “gentrifying at an abnormally rapid rate” compared to other cities in its Gentrification and Disinvestment 2020 report. “We looked at 392 census tracts or neighborhoods in New Orleans for the study,” says Jason Richardson, the senior director of research for NCRC.  “Sixty-four percent of them were considered eligible to gentrify based on our methods. The 13 that did gentrify based on our criteria is about 20 percent, which pushed New Orleans to the number five spot for gentrification.” [Read more]


As Birmingham Turns Blight Into Affordable Housing, Residents Return
By Ryan Michaels, The Birmingham Times
Oak Hill—the result of a partnership between the city of Birmingham and the Housing Rehab Fund of the National Community Reinvestment Coalition—is one of many examples of efforts to make affordable housing available across the city. Over the last few years, Birmingham has undertaken several housing-related initiatives that include Oak Hill and several others. [Read more]

On Our Radar


Modern ‘Redlining’ Is Pushing Some Texans Out Of Their Homes
By Arelis R. Hernández, The Washington Post 
“This is how the fiber of a community is frayed,” she said. “Investors come and take over. It’s just like 1836, people with money came and changed laws, got the land and the power and they threw all the Mexicans out. Here we are in 2022, and they are doing the same thing all over again.” [Read more]

Elizabeth Warren To Fed Chair Jerome Powell: Don't 'Drive This Economy Off A Cliff'
By Matt Egan, CNN Business
"The Massachusetts Democrat urged Powell to proceed cautiously with further rate hikes."You know what's worse than high inflation and low unemployment? It's high inflation with a recession and millions of people out of work," Warren said. "I hope you consider that before you drive this economy off a cliff." [Read more]

Silicon Valley Leaves Black Women Behind As It Closes Wage Gaps
By Augusta Saraiva, Bloomberg 
“As employers navigate post-Great Resignation in 2022, it’s imperative to prioritize equitable hiring while strengthening diversity,” Hired Chief Executive Officer Josh Brenner wrote in the report. The use of diversity, equity and inclusion tools “creates more robust pipelines of candidates with new ideas to drive businesses forward.” [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 hubLearn 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
     
Jobs

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Click here to see job openings.
 
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