#WelcomeMe #FairHousingMatters Selfie Challenge By NCRC Feel welcome at home? Help us wipe out housing discrimination! Take the #WelcomeMe #Fairhousingmatters Selfie challenge. [Read more]
News
NCRC Statement On FHFA Credit Score Model Changes
By NCRC “I applaud the modernization of a system that has too long punished the marginalized by ignoring the most significant expenses in a working-class life. Old, outmoded models of determining a person’s creditworthiness have been fencing too many families out of homeownership for decades by pretending that a person’s biggest monthly expenses didn’t exist when deciding what sort of mortgage they could afford." [Read more]
Pioneering Mystery Shopper Tests On Appraisal Bias Find Detailed Evidence Of Racial Discrimination
By NCRC Appraisers assigned higher average monetary values to homes when they believed them to be White-owned, NCRC’s mystery shoppers discovered. White testers received valuations $7,000 higher on average than their Black partners who showed the same home. The discriminatory discrepancies were as high as 9% and 13% in two cases. [Read more]
NCRC Launches Capital Accelerator Program For Business Resource Providers
By NCRC The National Community Reinvestment Coalition has launched the MicroBiz Capital Accelerator Program (MCAP), a new grant and technical assistance pilot program supporting direct small business resource providers. Applications are now open with a deadline of November 25, 2022. [Read more]
Research
Faulty Foundations: Mystery-Shopper Testing In Home Appraisals Exposes Racial Bias Undermining Black Wealth
By NCRC Appraisers assigned higher values to homes when they believed the owners were White in NCRC’s groundbreaking “mystery shopper” investigation. [Read more]
Events
Generational Wealth: Credit Barriers For People With A Criminal History November 10, 12 -1 pm ET
Join NCRC as we speak with advocates, a CDFI, and the CFPB about the barriers that exist for people with a criminal record to build wealth and what can be done to overcome these barriers. [Read more]
Remaking The Economy: Redefining Leadership
November 10, 3 pm ET
NPQ’s latest webinar in our Remaking the Economy series takes a deep dive into what are the kinds of leadership that the field needs to advance not only economic justice but liberation. [Read more]
CRA & Fair Lending Colloquium
November 13-15, 8 am - 5 pm ET Join NCRC President and CEO Jesse Van Tol at Wolters Kluwer's 26th annual CRA & Fair Lending Colloquium November 13 – 16 at Caesars Las Vegas. [Read more]
In the News
Where $30 Billion To Fix Systemic Racism Actually Goes
By Emily Flitter, The New York Times Mr. Van Tol is president of the National Community Reinvestment Coalition, a nonprofit that helps banks fulfill their requirements under the Community Reinvestment Act, which was enacted in 1977 as a way to make up for decades of practices that specifically cut off Black Americans from housing and credit opportunities. [Read more]
Investigation Shows Discriminatory Treatment Of Black Homeowners In Home Appraisals
By Tanya A. Christian, Ebony “The discrimination we found in the appraisal system undermines Black wealth-building and almost certainly violates the law,” says NCRC President and CEO Jesse Van Tol. “It is unacceptable for appraisers to undercut the value of homes and conduct themselves less professionally when dealing with Black homeowners.” [Read more]
On Our Radar
COVID Stimulus Programs Helped More Consumers Become Banked, FDIC Says
By Claire Williams, American Banker The FDIC, in a survey conducted in 2021 and released on Tuesday, found that 4.5% of Americans didn't have a bank account in 2021, the lowest level since the FDIC began its biennial survey in 2009. That's down from 5.4% of Americans that didn't have a bank account in the 2019 survey. [Read More]
It was the greatest expansion of the American middle class in history, partly due to the GI Bill. It gave free college and cheap home loans to millions of veterans, except the U.S. was still segregated when the GI Bill became law. And as NPR's Quil Lawrence reports, that meant many Black veterans were left behind. [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]
Learning & Training Hub Register for NCRC's catalog of professional development courses for community development leaders. [Learn more]
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]
Racial Wealth Snapshots Browse our catalog of socioeconomic briefs and infographics. [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]
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
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