The urgency of a Just Economy doesn't slow down for holidays, but we do. Just News will be back in your inbox in January. Thanks for your continued interest.
News and views from the National Community Reinvestment Coalition. Find more atncrc.org.
#WelcomeMe #FairHousingMatters Challenge By NCRC Help us stop housing discrimination once and for all. Tell everyone, everywhere what it means to have a home, neighborhood, community free from discrimination. [Learn More]
Views
Why We’re Breaking Up With KeyBank
By Jesse Van Tol
This contrast between what the bank said and what it actually did leads me to a painful conclusion: KeyBank’s leadership team are not sincere in their public claims about their bank’s commitment to economic equity. [Read more]
News
REPORT: KeyBank Promised To Improve, Then Became The Worst Major Mortgage Lender For Black Homebuyers
After pledging to better support underserved communities if regulators approved a 2016 merger, KeyBank instead became, by one measure, the nation’s worst major mortgage lender for Black homebuyers, the National Community Reinvestment Coalition revealed Thursday in a new report. [Read more]
Research
REDLINED: KeyBank Failed Black America Despite Its Commitments To Improve
Jason Richardson and Jad Edlebi
KeyBank disregarded commitments to improve lending to Black homeowners and potential homeowners. Federal data shows KeyBank now ranks at the bottom among the 50 largest mortgage lenders in the nation in the percentage of its borrowers who are Black, live in majority-minority or LMI neighborhoods and are people of color. [Read more]
Events
2023 Just Economy Conference
March 29-30
The Just Economy Conference is the national event for community, business, foundation, policy and government leaders who want a nation that not only promises but delivers opportunities for all Americans to build wealth and live well. National and local luminaries, visionaries and changemakers gather to network, share ideas, learn and ask hard questions to chart out a better future. [Register here]
In the News
Chicago Taps Brakes On Gentrification With A Tax On Teardowns
By Mackenzie Hawkins, Bloomberg
Nationwide, at least 110,000 Black residents and 24,000 Hispanic residents were displaced from urban areas between 2000 and 2013, according to the National Community Reinvestment Coalition, meaning they won’t benefit from the economic growth and services that come with neighborhood revitalization projects. [Read more]
Mortgage Lender Accused Of Underserving Black Homebuyers In Philly
By Mike D'Onofrio, Axios
The report, released this month, found that Ohio-based KeyBank approved a mere 2.2% of its more than 1,220 mortgage loans in the Philadelphia region last year to Black borrowers — the lowest rate among top lenders. Nearly 40% of Philadelphians are Black. [Read more]
On Our Radar
America’s Broken Criminal Legal System Contributes to Wealth Inequality
By Center for American Progress
New CAP analysis highlights how the nation’s failed experiment with mass incarceration and overcriminalization strips wealth from families and widens the racial wealth gap. [Read More]
The Climate Impact Of Your Neighborhood, Mapped
By Nadja Popovich, Mira Rojanasakul and Brad Plumer, The New York Times
New data shared with The New York Times reveals stark disparities in how different U.S. households contribute to climate change. Looking at America’s cities, a pattern emerges. [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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