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** Just News
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for September 9, 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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Call For 2023 Just Economy Conference Session Ideas
Just two more weeks to add your voice and expertise to the 2023 Just Economy Conference! What do you want to talk about? Whose voices do you want to include? What new ideas, best practices or insights can you share? Submit by September 23! [Read more ([link removed]) ]
** Views
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The Critical Need To Address Missing Data In HMDA
By Jason Richardson
The single best tool we have for assessing access to home mortgage credit is in danger. One in every four home loan records now has no borrower demographic data attached to it. [Read more ([link removed]) ]
** News
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Upstart Joins NCRC’s Innovation Council For Financial Inclusion
Upstart, a leading AI lending marketplace, is partnering with the National Community Reinvestment Coalition (NCRC) and joining NCRC’s Innovation Council for Financial Inclusion. The Innovation Council (Council) is a forum to create collective action between the financial technology and grassroots communities to advance financial inclusion and opportunities for low-wealth households and people of color. [R ([link removed]) ead more ([link removed]) ]
** In the News
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What Bank Of America's Mortgage Pilot Can And Can't Fix For Homeownership Disparities
By Juliana Kim, NPR
"Even a 3% down payment on a home is a level of wealth or just spare cash that many families don't have. And that will be disproportionately true for Black and Latino borrowers," Jesse Van Tol, the president and CEO of the National Community Reinvestment Coalition, told NPR. [Read more ([link removed]) ]
Las Vegas Council Hopefuls Want To Increase Police Budget, Focus On Housing Security
By Nook Foreman, The Nevada Independent
The National Community Reinvestment Coalition defines gentrification as a process of redevelopment that increases the value of properties in areas suffering from prolonged disinvestment that can result in rising rents. [Read more ([link removed]) ]
** On Our Radar
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OCC's Hsu Says Bank-Fintech Relationships May Be A Systemic Risk
By Claire Williams, American Banker
Acting Comptroller of the Currency Michael Hsu warned that widespread and increasingly complex relationships between banks and fintechs could set the stage for a financial crisis.
At a conference of bankers in New York hosted by the Bank Policy Institute and the Clearing House Association, Hsu said that he's concerned with the increase in complexity in business models that facilitate things like mobile payments, online lending and deposit-taking activities. [Read more ([link removed]) ]
Energy & Environment — Water Crisis Raises Environmental Racism Concerns
By Rachel Frazin and Zack Budryk, The Hill
As tens of thousands of residents of Jackson, Miss., were without clean water, some advocates say the situation stems from years of environmental racism. More than 80 percent of Jackson residents are Black, according to the U.S. Census Bureau. Last week, those residents saw their main water treatment facility fail in the wake of flooding, leaving them without clean water for drinking, bathing or cooking. [Read more ([link removed]) ]
Affordable-Housing Projects Derailed As Developers Struggle for Financing
By Rachard B. Levine, The Wall Street Journal
Affordable-housing developers nationwide are stalling work on new projects, delaying thousands of units from coming to market when the U.S. already has a broad deficit of low-income housing. Rising interest rates and inflation have made financing for affordable housing more difficult and costly. Supply-chain issues for materials like lumber and appliances have eased a bit recently but haven’t gone away. [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.
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Jobs
We are always looking for talented people.
Click here to see job openings. ([link removed])
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