NCRC is thrilled to see the impact grantees are making with the support of the Field Empowerment Fund. The program’s final report and second round of funding will be available in Spring 2022.
NCRC’s Field Empowerment Fund Expands Funding for COVID-19 Economic Recovery Read More »
As acting-director of the FHFA, Thompson has already taken important steps to renew commitment to the affordable housing mission of the GSEs, including a new goal-focused exclusively on communities of color.
NCRC Supports Nomination of Sandra Thompson as FHFA Director Read More »
Getting the disastrous 2020 CRA rule fully rescinded was a hard-fought battle that involved comments from hundreds of our members across the nation and this is a huge victory for them and their communities. We’re relieved and welcome this action today from the OCC.
NCRC Welcomes OCC Final Rule to Rescind its Disastrous 2020 CRA Rule Read More »
To better understand the interconnectedness between race and SES within the small business lending arena, the National Community Reinvestment Coalition (NCRC), in conjunction with our academic partners – Dr. Sterling Bone (Utah State University), Dr. Maura Scott (Florida State University) and Dr. Glenn Chrisitinsan (Brigham Young University) – conducted matched-pair testing at financial institutions in the Washington, DC, metropolitan area between November and December 2020.
The Department of Housing and Urban Development (HUD) issued yesterday a statement and legal opinion supporting the use of Special Purpose Credit Programs (SPCPs).
DC Women Business Center Resource Coordinator Monti Taylor interviewed Alexes Haggins about her experience before deciding to launch her new business and the resources that supported her in the process.
A DC founder follows her father’s floral footsteps Read More »
Gusto, an all in one payroll and HR platform, has joined the National Community Reinvestment Coalition’s (NCRC) Innovation Council for Financial Inclusion.
Gusto Joins NCRC’s Innovation Council for Financial Inclusion Read More »
During the New Deal Era of the 1930s, the discriminatory practice of redlining was introduced in the United States. Neighborhoods with immigrants and people of color were labeled “red” and designated “hazardous” by the Home Owners’ Loan Corporation, and banks, realtors and public officials used those maps to deny loans and other investments in those
The Legacy of Redlining on Black Maternal Health Read More »
Today, the US House of Representatives passed the $1.7 trillion Build Back Better Act which includes significant investments in social spending and supports programs to fight climate change.
NCRC Commends House for Passage of Biden’s Historic Build Back Better Act Read More »
This week, the National Community Reinvestment Coalition, the American Bankers Association and the Independent Community Bankers Association submitted a joint letter to Congress, calling on the House Financial Services Committee to exercise its oversight function over the National Credit Union Administration (NCUA) and enact new legislation that subjects credit unions to the Community Reinvestment Act (CRA).
NCRC and bank trade groups urge Congress to review credit union rules Read More »
The CFPB’s request for information this week is a promising first step, but the agency should complete the work to implement the Congressionally-mandated requirements for a HMDA that will shed light on lending activity in all communities and with the robust data points that the public needs to investigate financial institutions for fair lending concerns.
DC Women’s Business Center, Founder Feature: Kim Alfonso is the Co-Founder and CEO of Results One LLC , and is a client of the DC Women’s Business Center, an NCRC program. Kim Greenfield Alfonso is a native Washingtonian and the daughter of medical professionals who graduated from Howard University. She credits her father for instilling in
NCRC’s National Training Academy and Fair Lending/Fair Housing team will provide a two-course training for employees at community development financial institutions (CDFIs) and other financial institutions February 9-10, 2022.
New from NCRC: Comprehensive fair lending and implicit bias training Read More »
The National Community Reinvestment Coalition expresses its strong support for the nomination of Professor Saule Omarova to serve as the next Comptroller of the Currency.
Although Congress is likely to include funding for several housing programs in the Build Back Better Act that will provide federal assistance for first-generation homeownership, these federal funds are only one of many steps needed to close the racial wealth gap. One of the most important next steps is for policymakers to encourage mortgage lenders to embrace the use of special purpose credit programs (SPCPs).
