Announcements
Submit Your Comments On CRA Rule Changes By August 5!
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]
NCRC’s Field Empowerment Fund For Nonprofits And CDFIs - Final Round Of Grant Applications Closes at 11:59 pm ET on July 29, 2022.
Applications are open for NCRC's Field Empowerment Fund (FEF), a $5 million grant-making program funded by Morgan Stanley to drive racial equity work. [Read more and apply]
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News
$24 Million Settlement Of Modern-Day Redlining Case In Philadelphia Shows Government Takes Lending Discrimination Seriously
The National Community Reinvestment Coalition (NCRC) on Wednesday applauded a $24 million settlement to punish serious intentional discrimination and redlining in the Philadelphia area, and urged the courts to endorse disciplinary action against Berkshire-Hathaway subsidiary Trident Mortgage Company proposed by the Department of Justice (DOJ) and Consumer Financial Protection Bureau (CFPB). [Read more]
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Views
How The Community Reinvestment Act Can Support Childcare
By Amy Lieber, Health Equity Intern
Half of all families in the United States reported difficulty finding childcare – an alarming figure that is even higher among low- and moderate-income families and families of color. When there is childcare available, the cost can be prohibitive. At $11,000 on average, childcare is more expensive than public college in most states...Communities cannot thrive without access to childcare – which is why it should factor into Community Reinvestment Act (CRA) modernization. [Read more]
Why Food Justice Advocates Should Care About CRA Reform
By Samantha Koches, Founder of Nourish All
The following is a guest post from Samantha Koches, demonstrating the vital opportunity Community Reinvestment Act reform presents for advocacy communities far beyond the housing, lending, and community development space. [Read more]
Could A Banking Law Designed To End Redlining Drive More Capital Into Local Journalism?
By Andrew Nachison, NCRC Chief Communications & Marketing Officer
The Multicultural Media & Correspondent Association (“MMCA”), a network of Black, Indigenous, and People of Color (BIPOC) media owners and advocates, is asking its members to sign a comment letter that urges bank regulators to add financing, investments and spending with minority-owned media to a list of community development activities that earn banks credit under the Community Reinvestment Act (CRA). [Read more]
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In the News
PNC Bank Launches Community Advisory Council With 17 New Members Appointed
By CityBiz
The PNC CAC members announced today represent a broad range of expertise in community investment lending and services, small business development, and neighborhood revitalization from 11 states. Members of the 2022 PNC Community Advisory Council [include] Jesse Van Tol of the National Community Reinvestment Coalition, Washington, DC. [Read more]
Democrats Revive Bill To Extend Anti-Discrimination Law To Bank Customers of Color
By Brendan Pedersen, American Banker
The lawmakers’ press release said their bill had been endorsed by National Urban League, the Leadership Conference on Civil and Human Rights, the Center for Responsible Lending, the National Community Reinvestment Coalition, UnidosUS, the National Consumer Law Center, and the Lawyers’ Committee for Civil Rights Under Law. [Read more]
Merging Northwest Banks Adopt $8.1 Billion Plan For Underserved Communities
By Jonathan Bach, Portland Business Journal
The plan, coordinated with the National Community Reinvestment Coalition, is subject to a planned merger and covers January 1, 2023, through December 31, 2027. [Read more]
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On Our Radar
Treasury Announces New Steps To Increase Affordable Housing Supply And Lower Long-Term Housing Costs For American Families
By U.S. Department of the Treasury
The US Department of the Treasury announced new guidance to increase the ability of state, local, and tribal governments to use American Rescue Plan (ARP) funds to boost the supply of affordable housing in their communities. [Read more]
In San Antonio, The Poor Live On Their Own Islands Of Heat
By Edgar Sandoval, The New York Times
In San Antonio, weathering the second week of a heat wave that has been ferocious even by Texas standards, lower-income residents like Ms. Cruz-Perez are sometimes left with few options to relieve the misery. Not only can she not afford air-conditioning during the hottest part of the day, she lives in the Westside, one of several parts of San Antonio — nearly all of them working-class or poor neighborhoods — where there are few trees to provide shade. [Read more]
A Neighborhood’s New Anti-Section 8 Rules Will Push Many Black Residents Out Of A North Texas Suburb
By Joshua Fechter, The Texas Tribune
Landlords in Texas don’t have to accept renters who receive federal housing assistance, but a Denton County community is taking it a big step further: making most of the town off limits to Section 8 tenants. [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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