First Slate Of Just Economy Conference Speakers Announced! Join NCRC on March 29-30 for the 2023 Just Economy Conference and hear fromAdrienne Harris, Superintendent of New York State Department of Financial Services; Michael Hsu, Acting Comptroller of the Currency; Jelani Cobb, Ira A. Lipman Professor of Journalism at Columbia Journalism School; Michael Barr, Vice Chair for Supervision at the Federal Reserve; Jackie Patterson, Founder & Executive Director of The Chisholm Legacy Projects; and Allan Golston, President of the U.S. Program at the Bill & Melinda Gates Foundation. [Learn More]
Views
CRA Comments Review, Part 4: What Did Regulators Hear From Other Policymakers?
By Joseph Reed
Part Four of a four-part series examining noteworthy trends in the comment letters sent to regulators as they finalize Community Reinvestment Act reform. [Read more]
Field Notes
Funding For Racial Equity: Creating Favorable Private Investment Terms For CDFI Lending
By Manan Shah
Following the murder of George Floyd, the Black Lives Matter movement demanded concrete change from our political and economic institutions. Two years later, NCRC is evaluating the impact of banking institutions’ racial equity commitments. This is part three of a three-part series amplifying the experiences of our members and their relationship with private funders since 2020. [Read more]
News
NCRC Statement On Affirmatively Furthering Fair Housing (AFFH) Rule
By NCRC
“The Fair Housing Act does more than prohibit and restrict discriminatory practices. It requires HUD and its funding recipients to be proactive in advancing fair housing and remedying segregation. The 2015 AFFH regulation was an important and meaningful step toward requiring recipients to take this obligation seriously – but was rescinded by Trump administration opponents of civil rights very shortly after it went into effect. [Read more]
Research
REDLINED: KeyBank Failed Black America Despite Its Commitments To Improve
By 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
The Number One Reason We Fall For Scams – And Ways To Avoid Them
January 31
Our emotions lead to every decision we make in life. Scammers have become sophisticated in how they obtain our information. Fraud has existed in various shapes and sizes for years. None of us is immune to schemes that have proven their staying power. A common tactic is to seek to exploit basic human emotions such as excitement or fear to provoke a spontaneous ‘gut reaction’ to the scam offer. Such scams also abuse people’s trust by making a scam look like a legitimate offer from a reputable business or official institution. [Register here]
Film Screening: Go-Go City: Displacement & Protest In Washington, DC
February 2
Go-Go City: Displacement & Protest in Washington, DC, a documentary film by Samuel George of the Bertelsmann Foundation, dives into this rich and colorful tapestry and the forces behind the gentrification that stand to mute it. The film interweaves scenes of protest as displaced communities take to the streets to rally around the city’s beloved Go-Go music. [Register here]
CRA Basics
February 23
Banks have the capital to be a catalyst for change in your neighborhood and can be critical community partners. Join us to learn about the Community Reinvestment Act (CRA) and explore how the CRA can be used to increase reinvestment in your communities. This presentation will also cover how NCRC uses the CRA to secure community benefit agreements with banks. This is crucial information for anyone working towards a Just Economy. Whether you haven’t attended a CRA Basics before, or it’s just been a while, you won’t want to miss it. [Register here]
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
‘The Economic Consequences Are Real’: Officials Push For Deeper Scrutiny Of Racial Bias In Home-Appraisal Process
By Aarthi Swaminathan, MarketWatch
“The gap in homeownership between Black and White households has remained almost unchanged for 120 years,” Jason Richardson, senior director of research and evaluation at the National Community Reinvestment Coalition, said in a separate report that looked at the mortgage market. [Read more]
Bad Home Advice Dished Out On House Hunters
By Daniel Feininger, House Digest
This glossing-over effect signals that race, sexual orientation, and other facets of a person's identity are irrelevant in the home-buying process. As The New York Times highlights, black families have historically found it much harder to secure a mortgage loan than white families. Same-sex couples could also face an uphill battle in securing funding (via National Community Reinvestment Coalition). This is certainly not the case for every home buyer in a marginalized group. However, these buyers should be prepared with knowledge of these facts and the drive to overcome any adversity. [Read more]
On Our Radar
Fed's Brainard Is A Front-Runner To Head Biden's Economic Council
By Jennifer Jacobs and Annmarie Hordern, American Banker
Brainard and Powell have similar views on monetary policy, but differ over bank regulation, with Brainard opposing at nearly every step Powell's modest rollbacks of some of the tough curbs imposed on banks after the financial crisis. Her support for the Fed to do more to fight climate change has won her support among Democrats. [Read More]
Meet The Latest Housing-Crisis Scapegoat
By Jerusalem Demsas, The Atlantic
In reporting on the housing crisis, I often hear some version of a simple story purporting to explain why so many Americans struggle to afford a place to live. The story goes like this: Housing costs are unaffordable because [INSERT BAD COMPANY HERE] is greedy and jacking up prices. The villain can be Airbnb or developers; it can be deep-pocketed foreigners or iBuyers. The story is compelling because it does not directly implicate regular people, sympathetic institutions, or elected officials. [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
.png?width=400&upscale=true&name=NCRC%20color%20FINAL%20(1).png)