New Just Economy Conference Speakers Announced! Join NCRC on March 29-30 for the 2023 Just Economy Conference and hear from FDIC Chair Martin Gruenberg and Aaron Dorfman, President and CEO of the National Committee for Responsive Philanthropy (NCRP).[Learn More]
News
Black Cincinnati Property-Owner And National Community Reinvestment Coalition File HUD Appraisal Bias Complaint Alleging Race Discrimination By Appraiser, Lender
By NCRC
Leading civil rights firm Katz Banks Kumin announced a complaint with the U.S. Department of Housing and Urban Development on behalf of the National Community Reinvestment Coalition and Terry Horton, a Black property-owner in Cincinnati, challenging discriminatory treatment that Mr. Horton suffered while trying to refinance his property in February 2022. [Read more]
NCRC Statement On Supreme Court’s Decision To Take Up Key CFPB Case
By NCRC
“After years of cynical and calculated legal assaults on the Consumer Financial Protection Bureau by the financial sector, the decision by the Fifth Circuit Court of Appeals threatens to put much of the modern American economy into debilitating chaos. The Supreme Court’s decision today to review the case recognized its obligation to resolve that confusion. It is essential that the justices reject the plainly flawed logic that one federal appellate court applied to question the constitutionality of the agency’s power to protect the American people from unfair, deceptive, and abusive practices," said NCRC General Counsel Brad Blower. [Read more]
NCRC, University Of Michigan Receive National Institute Of Health Grant To Study Redlining And Health
By NCRC
The National Institute of Health has awarded a five-year, $3 million research grant to researchers at the National Community Reinvestment Coalition, the University of Michigan’s Institute for Social Research and the University of Richmond to create and harmonize important data exploring the association of structural racism with health in the United States. [Read more]
NCRC Community Development Fund Highlights Power Of Impact Investing At SXSW
By NCRC
The NCRC Community Development Fund will be at this year’s South by Southwest (SXSW) conference, one of the nation’s largest and most diverse. NCRC CDF’s Executive Director, Marisa Calderon, will be featured in an industry panel titled “Impact Investing that Actually Works” on March 14 at the LINE hotel. [Read more]
Research
Native Americans Struggle To Obtain Credit: A Close Analysis Of Native American Mortgage Lending From 2018-2021
By Jason Richardson
Mortgage lending to Native Americans is an under-studied issue for several reasons. In most US markets Native Americans are a small fraction of the overall population. Mortgages on Native reservations are rare, and lenders in rural areas are less likely to be required to report data on mortgage loan applications. However, by focusing on markets where Native Americans are concentrated, existing data does offer insight into their experience with accessing credit and building wealth through homeownership. [Read more]
Views
The Racial History Of Planning In Atlanta Sounds Alarm Bells For CRA Reform Efforts
By Josh Silver
As part of their proposed changes to the Community Reinvestment Act (CRA) regulation, the federal bank agencies seek to require banks to involve public-sector entities in community development projects for which the banks hope to receive favorable consideration. In response to this proposal, NCRC and several other community-based organizations sounded a loud note of caution: Some notable local public projects were and are harmful and resulted in the displacement of lower income and/or communities of color. [Read more]
Events
Good To Great: A Strategic Plan For High Performing Organizations
March 7, 12 pm ET
This course from the National Training Academy will discuss a framework for developing a strategic road map for each phase of the organizational life cycle and how to strategically execute the plan to produce a high-level impact in communities. [Register here]
DCWBC’s Small Business Borrowing Basics Series (3-Part)
March 8, 10 am ET
NCRC’s DC Women’s Business Center alongside the Department of Insurance, Securities and Banking is hosting a three-part Small Business Borrowing Basics Series that will provide attendees with information on the types of capital available and how to secure it, small business lending alternatives and programs, and negotiating tactics when obtaining business debt. [Register here]
NCRC Community Development Fund Highlights Power Of Impact Investing At SXSW
March 14, 1 pm ET
The NCRC Community Development Fund will be at this year’s South by Southwest conference, one of the nation’s largest and most diverse. NCRC CDF’s Executive Director, Marisa Calderon, will be featured in an industry panel titled “Impact Investing that Actually Works” on March 14 at the LINE hotel. [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
'A Major Factor:' Inside TD's $50 Billion Community Benefits Plan — And How It Could Impact Both The First Horizon Deal And Memphis
By John Klyce, Memphis Business Journal
In 2022, NCRC facilitated five two-hour meetings, which ultimately helped lead to the $50 billion community benefits plan that TD unveiled this month. Here’s an inside look at those meetings — and how the resulting plan could impact the timing of the First Horizon deal’s completion and the Bluff City. [Read more]
Could We End Wealth?
By Chris Winters, Yes! Magazine
There are several ways of eradicating the system that allows wealth to concentrate in the hands of fewer people. Attempts to stimulate economic growth—often through the tax code, but also direct investment by the government—usually benefit just the top 10% of household incomes, says Dedrick Asante-Muhammad, the chief of organizing, policy and equity at the National Community Reinvestment Coalition. [Read more]
On Our Radar
A USDA Commission Issues Recommendations On Racial Equity For Farmers
By Ximena Bustillo, NPR
The Equity Commission at the U.S. Department of Agriculture has released its first report detailing over 30 recommendations to bring equity to farming. [Read More]
Many Undocumented Immigrants Are Departing After Decades In The US
By Miriam Jordan, The New York Times
Crowded scenes at the border do not necessarily translate into an increase in the undocumented population. Many other immigrants have been returning home. [Read more]
Resources
Work And Meet At The Just Economy Club It's a DC hub for nonprofits and the social sector, around the corner from the White House. Move your team into a private office or host your meetings and events or hang out in the lounge. [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 Keep up and catch up on plans to strengthen the Community Reinvestment Act. [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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