Appraisal bias HUD complaints filed, #WelcomeMe Challenge, and more!

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Just News

for November 11, 2022

News and views from the National Community Reinvestment Coalition. Find more at ncrc.org ([link removed] ) .

For continuous updates, follow us on Twitter ([link removed] ) , FB ([link removed] ) , LinkedIn ([link removed] ) and I ([link removed] ) G ([link removed] ) .

Announcements

#WelcomeMe #FairHousingMatters Selfie Challenge

By NCRC

We need your help to wipe out housing discrimination! Take the #WelcomeMe #Fairhousingmatters Selfie challenge. [Read more ([link removed] ) ]

News

NCRC Files HUD Complaints Against Appraisers Who Discriminated Against Black Homeowners In Recent Investigation

By NCRC

Federal housing officials should sanction two appraisal firms in Baltimore over their discriminatory treatment of Black homeowners who participated in a recent “mystery shopper” investigation of appraisal bias, the National Community Reinvestment Coalition (NCRC) wrote Friday in a pair of complaints filed with the Department of Housing And Urban Development (HUD). [Read more] ([link removed] )

NCRC Hires Daniella Djiogan As Project Director Of The DC Women’s Business Center

By NCRC

Meet Daniella Djiogan, the new Project Director of The DC Women’s Business Center. Daniella will be essential in the everyday operations of the organization as they continue to support women entrepreneurs in the Washington, DC, area. [Read more ([link removed] ) ]

NCRC Hires Larry Cain As Director Of Finance

By NCRC

Meet Larry Cain, the new Director of Finance at NCRC. Larry will be an important member of the finance team as he oversees management and internal operations of the department. [Read more ([link removed] ) ]

Events

Democratizing Wealth Building To Help Close The Racial And Gender Gap

November 15, 2022, 1-2 pm ET

Persistent racial and gender wealth gaps remain a major obstacle to building financial security for low- and moderate-income (LMI) households in the United States. How can we ensure that the financial system, and opportunities to build wealth, are developed to meet the needs of LMI people? Income alone is insufficient: too many people are just getting by. [Read more ([link removed] ) ]

In the News

NCRC Files HUD Complaints Against Appraisers Who Discriminated Against Black Homeowners in Recent Investigation

By Stacy M. Brown, Observer

Federal housing officials should sanction two appraisal firms in Baltimore over their discriminatory treatment of Black homeowners who participated in a recent “mystery shopper” investigation of appraisal bias, the National Community Reinvestment Coalition (NCRC) wrote in a pair of complaints filed with the Department of Housing and Urban Development (HUD). [Read more ([link removed] ) ]

US Latinos Contributed Trillions Of Dollars To The Economy In 2020. So Why Are They So Underserved By Financial Services?

By Emma Ockerman, MarketWatch

There also remains a significant — albeit narrowing — gap between Latino people and White people when it comes to homeownership, as well as disparities in wealth, inheritance, education and income, according to the National Community Reinvestment Coalition ([link removed] ) . [Read more ([link removed] ) ]

On Our Radar

Banks Tighten Lending Standards — And Prepare For Even Bigger Pullback

By Orla McCaffrey, American Banker

Before the multiple Federal Reserve interest rate hikes in recent months, competition had intensified as credit unions, online lenders, insurance companies and private-equity firms — in addition to money center banks encroaching on the turf of smaller rivals — offered favorable interest payments and longer loan durations to win business. This trend often came at the expense of small banks. [Read More ([link removed] ) ]

Redfin Shuts Home-Flipping Business, Lays Off 13% of Staff in Slumping Housing Market

By Will Parker, The Wall Street Journal

The Seattle-based company, which operates a real-estate brokerage and home-listings website, said the decisions were made because it is predicting that the real-estate market is going to be smaller next year and its home-flipping business is losing money.

[Read more ([link removed] ) ]

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 ([link removed] ) ]

Learning & Training Hub

Register for NCRC's catalog of professional development courses for community development leaders. [Learn ([link removed] ) more ([link removed] ) ]

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] ) ]

Racial Wealth Snapshots

Browse our catalog of socioeconomic briefs and infographics. [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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