Announcements
Submit Your Comments on CRA Rule Changes by August 5th
The best chance we have to make positive and long-overdue changes to Community Reinvestment Act rules is if NCRC members and community groups put up a good showing and send in comment letters! Use NCRC's sample comment letters and submission instructions at our CRA reform hub.
[Submit here]
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]
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News
Groups Urge Downgrade To CRA Rating For Utah-Based TAB Bank
NCRC filed a formal comment letter on the matter to the Federal Deposit Insurance Corporate (FDIC), co-signed by 39 other organizations, detailing TAB Bank’s conduct and the evidence it defies Community Reinvestment Act requirements. [Read more]
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Videos
Advancing Racial Equity Through Infrastructure
[Watch here]
Developing Radical Goals For Black Homeownership And Access To Affordable Housing
[Watch here]
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Field Notes
The Temperature Of Disinvestment: Examining Urban Heat Islands And Historically Redlined Communities
By Marlee Bird
“The disproportionate impact of urban heat coupled with fewer resources creates a situation in which minorities and poor people bear a very real burden on their health, especially during heat waves, despite the fact that they have benefited economically the least from the activities that have raised global temperatures,” said Bruce Mitchell, a senior research analyst at NCRC.
[Read more]
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Views
Survey Results: NCRC Members Highlight CRA Reform Benefits, But Note Gaps Too
By Josh Silver
In anticipation of the proposed changes to the Community Reinvestment Act (CRA) regulation, NCRC surveyed our member organizations regarding how CRA has benefited communities, what needs have not been met by CRA and what reforms are needed. [Read more]
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In the News
4 Podcasts That Will Help You Understand Housing Inequality in the U.S.
By Mili Mansaray, Apartment Therapy
Housing inequality is now a more timely topic than ever. Back in 2019, there were almost 6.5 million Black homeowners in the United States, putting the Black homeownership rate at 42 percent, as low as it was in the 1960s. [Read more]
Dispensaries Like Bank Buildings, But It's Not the Vaults
By Debra Borchardt, Green Market Report
Bank buildings are becoming attractive locations for cannabis dispensaries, but fortified vaults aren’t the reason. The banking industry has been closing bank branches by the thousands. According to the National Community Reinvestment Coalition, 9% of all branch locations in the U.S. closed between 2017 and 2021 or roughly 7,500 brick and mortar locations. [Read more]
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On Our Radar
Inflation Is Making Homelessness Worse
By Abha Bhattarai and Rachel Siegel, The Washington Post
“We’re in a very precarious moment, where the cost of living is going up so quickly — through the price of gas and food and rent — that more people can’t afford a place to live anymore,” said Meredith Greif, an assistant professor at Johns Hopkins University whose work focuses on homelessness and inequality. “Everywhere you turn, prices are rising, but wages aren’t keeping up.” [Read more]
Black Entrepreneurs Take Aim At Racial Wealth Gap By Starting Mortgage Fintech
By Carter Pape, American Banker
Ready Life and Bell are taking a marketing-forward approach to attract the customers they are looking to help — mainly Black folks and other people of color who feel cheated by the current lending system that prioritizes good credit when considering mortgage eligibility. [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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