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** Just News
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for August 12, 2022
News and views from the National Community Reinvestment Coalition. Find more at ncrc.org.
For continuous updates, follow us on Twitter ([link removed]) , FB ([link removed]) , LinkedIn ([link removed]) and I ([link removed]) G ([link removed]) .
** Announcements
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Vote For NCRC Community Development Fund's Impact Investing Panel At SXSW!
Please join us in voting for the NCRC Community Development Fund’s SXSW 2023 PanelPicker Proposal – “Impact Investing that Actually Works” – in which panelists will discuss how to enact true social justice through investing in America’s underserved communities. [Vote here ([link removed]) ]
** News
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NCRC To Regulators: Act Now To Establish A Coherent Regulatory Regime For Digital Assets
In the comment, NCRC contends that under certain circumstances, insured depositories could issue stablecoins and permit their exchange inside a consortium of other insured depositories. These stablecoin deposits would remain subject to community reinvestment obligations and the accounts in which they were held would have full Regulation E protections. [Read more ([link removed]) ]
** Views
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Why The Great Migration Did Little To Bridge The Great Racial Divide
By Dedrick Asante-Muhammad
Families hoped that escaping from Jim Crow to a city with growing industrial jobs would create better economic opportunities for future generations...Though there might have been an initial increase in opportunity, the Princeton scholar [Dr. Ellora Derenoncourt] found, many African American grandchildren and great grandchildren of these migrants today are financially struggling, seeing little bridging of Black/white economic inequality. [Read more ([link removed]) ]
** Field Notes
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NCRC Member Profile: UPI Loan Fund
NCRC’s membership includes more than 600 community-focused organizations in 44 states. Here’s an introduction to one of them, UPI Loan Fund, from their Executive Director, Kerwin Brown. [Read more ([link removed]) ]
** In the News
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Banks Hint At Legal Challenges To CRA Rewrite
By Claire Williams, American Banker
NCRC asks that the CRA explicitly consider bank activity by race or ethnicity — a request that would be legally tricky. The bank regulators' proposal sidesteps this issue by calling for large banks to disclose the racial and ethnic background of their borrowers, a move that they hope will provide more transparency to the public about what groups are getting access to credit. [Read more ([link removed]) ]
Banks Fear Top Grades Out Of Reach In Community Lending Rewrite
By Evan Weinberger, Bloomberg Law
The law would be more effective if the Fed, FDIC and OCC ushered in a new exam process that “more accurately revealed distinctions in performance,” the NCRC said. “More banks would be identified as significantly lagging their peers, which would motivate them to improve their ratings and increase their reinvestment activity." [Read more ([link removed]) ]
Red To Greenlining
By The Long Game, Politico
In addition to credit for things like retrofitting affordable housing to withstand future disasters, promoting green space in poorer areas and financing cooling centers, the National Community Reinvestment Coalition wants community solar, microgrids, electrification and water efficiency for residential homes added to the list. [Read more ([link removed]) ]
** On Our Radar
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Can Anacostia Build A Bridge Without Displacing Its People?
By Megan Kimble, The New York Times
A decade in the works, the 11th Street Bridge Park in Washington, D.C., has yet to be built. But it could be a model for how to create public space while lessening the effects of gentrification. [Read more ([link removed]) ]
‘People Will Die Waiting’: America’s System For The Disabled Is Nearing Collapse
By Dan Goldberg, Politico
Two decades after the Supreme Court ruled states must provide care for the disabled in the least restrictive setting possible, home- and community-based service providers are floundering. Many states, flush with cash thanks to a juiced economy and federal stimulus, may need to act following years of inadequate funding that left an already fragile system on the verge of collapse. [Read more ([link removed]) ]
Rising Rents Add To College Students’ Scramble For Affordable Housing
By Susan Svrluga, The Washington Post
Surging rental costs and greater demand for traditional campus life after the disruptions of the pandemic have students at some universities scrambling to find housing. At schools struggling with long wait lists for university housing, efforts to accommodate students have led to some unusual solutions. [Read more ([link removed]) ]
** Resources
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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 ([link removed]) ]
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 ([link removed]) more ([link removed]) ]
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 ([link removed]) ]
Browse Our Collection Of Racial Wealth Snapshots
Over the past two years, NCRC has put together a catalog of Racial Wealth Snapshots. [View all ([link removed]) ]
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 ([link removed]) ]
Member Hub
NCRC members: Don't forget you have access to our member hub ([link removed]) ! Learn more about membership here ([link removed]) . You can join as an organization or an individual ([link removed]) .
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] ([link removed])
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] ([link removed])
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 ([link removed])
Jobs
We are always looking for talented people.
Click here to see job openings. ([link removed])
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