#WelcomeME Fair Housing Social Storm, New CBA with BMO, and more!
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Just News
for December 1, 2022
News and views from the National Community Reinvestment Coalition. Find more at ncrc.org ([link removed] ) .
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Announcements
#WelcomeMe #FairHousingMatters Social Storm
By NCRC
Join NCRC on Dec. 2 and answer: What does it mean to have a home where you feel welcomed free from discrimination? Join the #WelcomeMe #FairHousingMatters Challenge! [Sample posts ([link removed] ) ]
News
NCRC Announces $40 Billion Community Benefits Plan With BMO Harris Bank
NCRC and BMO Harris Bank today announced a Community Benefits Plan that outlines a more than $40 billion commitment to local communities in the United States, with over $16 billion of the plan commitment targeted for the State of California. [Read more ([link removed] ) ]
NCRC Supports Nomination Of Martin Gruenberg To Head FDIC
“Martin Gruenberg has the necessary judgment and experience to lead the FDIC and he deserves to be confirmed swiftly by the Senate. Through years of service, he has preserved the interests of depositors and ensured that banks remain safe and sound. In this perilous moment for the US economy as a whole, we need leaders who will ensure the needs of consumers and small businesses stay top of mind among the prudential regulators – and Marty is such a leader." [Read more ([link removed] ) ]
Views
How NCRC Is Working To Bring Economic Justice To Indian Country
By Greg Wilson
In honor of Native American Heritage Month, we here at National Community Reinvestment Coalition (NCRC) want to briefly mention where we are in the fight for economic justice in Indian Country. For over 40 years, the Community Reinvestment Act (CRA) has helped underserved communities across the country. The topline statistics are striking: $2 trillion in loans for community and economic development projects and $3 trillion in home and small business loans nationwide. [Read more ([link removed] ) ]
Research
Investing In Culturally-Significant Businesses And Community Growth
Joshua Devine and Jason Richardson
Arts and culture are important components of overall quality of life for every person on earth. Access to cultural resources and connections – or the lack thereof – shapes many aspects of our society. It also influences economic outcomes, as economists who study the role of “human capital” in wealth-building and opportunity creation have identified. [Read more ([link removed] ) ]
Videos
Democratizing Wealth Building To Help Close The Racial And Gender Gap
NCRC
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. [Watch here ([link removed] ) ]
Events
Native CDFI 3rd Annual Policy And Capacity Building Summit
December 6 -8, 8:30 am ET
Join NCRC President and CEO Jesse Van Tol at the 2022 NCN Policy and Capacity Building Summit ([link removed] ) . From Dec. 6-8, 2022, Native CDFI practitioners, funders, policymakers, and other industry partners will gather for the summit in Washington, DC, to learn, share, and network. [Register here ([link removed] ) ]
Nuts & Bolts Of One On One Counseling
December 6, 2 pm ET – 3:30 pm ET
Hooray, you passed the HUD Housing Counseling Certification exam! Now, you are tasked with providing quality housing counseling to individuals and families in your community. But how does a successful one-on-one counseling session look from beginning to end? Join NTA as we provide clarity and guidance for new counselors and serve as a refresher for the not-so-new counselor. [Register here ([link removed] ) ]
In the News
BMO Inks Community Agreement As It Seeks To Close Bank Of The West Deal
By Polo Rocha, American Banker
The deal is a "substantial move in the right direction by addressing racial equity and access to capital in specific and tangible ways that will create more economic inclusion," Jesse Van Tol, president and CEO of the National Community Reinvestment Coalition, said in the release. [Read more ([link removed] ) ]
Study Reveals Alarming Inequality Trend For Black, Native American Borrowers
By Connie Kim, Housing Wire
In July 2022, Movement Mortgage paid $75,000 to resolve allegations of racial discriminationagainst Black and Hispanic borrowers seeking mortgages in the Seattle-Tacoma area. Undercover testers from the National Community Reinvestment Coalition filed a complaint claiming that the South Carolina-based lender had significantly higher application withdrawals and lower approvals in majority-minority census tracts compared with majority White census tracts, which it said amounted to redlining. [Read more ([link removed] ) ]
On Our Radar
Five Years After #MeToo, Black Survivors Mobilize For Themselves
By Janay Kingsberry, The Washington Post
This fall marks five years since #MeToo exploded into a worldwide movement of solidarity, revealing the breadth of sexual harassment and assault stories around the world. But while the movement was started largely for them, many Black survivors felt sidelined in the media’s coverage. They marked this year’s anniversary, they said, with activism, resilience and frustration. [Read More ([link removed] ) ]
In Tough Housing Market, Renters Renovate Like They Own The Place
By Imani Moise, The Wall Street Journal
Resigned to stay in place until the housing market improves and unwilling to live with dull décor, renters are swapping out fixtures, landscaping terraces and ordering custom furnishings. Online furniture retailer Wayfair Inc. said bookings for easily reversible add-on services like installing new doorknobs and drawer pulls have tripled since last year. [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.
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