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NCRC applauds FHFA’s proposed expansion of affordable housing goals, and a new goal specific for minority communities

By NCRC / August 18, 2021 / Press Releases / 2 minutes of reading

Today, the Federal Housing Finance Agency (FHFA) proposed 2022-2024 single-family and multifamily housing goals for the government-sponsored enterprises (GSEs), Fannie Mae and Freddie Mac. In addition to proposing higher annual benchmarks in some categories, the agency proposes new single-family subgoals focused on communities of color and that respond to concerns about displacement in low-income communities.

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NCRC applauds HUD, FHFA plan to strengthen enforcement of the Fair Housing Act, and inclusion of rental payment data for mortgage risk assessments at Fannie Mae

By NCRC / August 12, 2021 / Press Releases / 3 minutes of reading

This is a bold and promising move to align and combine forces at agencies that should work together to end housing and lending discrimination and, importantly, to ensure their policies expand access to affordable homeownership for more borrowers and communities of color.

NCRC applauds HUD, FHFA plan to strengthen enforcement of the Fair Housing Act, and inclusion of rental payment data for mortgage risk assessments at Fannie Mae Read More »

Years after a toxic spill, an Alabama community loses hope

By Rose Ramirez and Brad Blower / August 10, 2021 / Field Notes / 4 minutes of reading

Last month, the National Community Reinvestment Coalition (NCRC), the South Alabama Fair Housing Center (SAFHC) and We Matter Eight Mile Community Association (We Matter Eight Mile) held a community meeting in the predominantly Black community of Eight Mile, north of Mobile, Alabama.

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Catherine Petrusz

By NCRC / August 10, 2021 / About Us / 1 minute of reading

CRA Coordinator 202.770.3619 cpetrusz@ncrc.org Catherine Petrusz joined NCRC in 2021 as a CRA Coordinator and works with NCRC members and banks on community reinvestment campaigns. Before joining NCRC, Catherine was a senior member of the legal team and head of compliance for Self-Help, a national community development financial institution. Catherine is excited to combine her

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Language Barriers and Healthcare

By Emily Orminski / August 9, 2021 / Views / 4 minutes of reading

The number of non-English-speaking US residents rises each year, contributing to a growing problem of miscommunication and understanding. While language barriers are faced practically everywhere, they are especially prevalent and can have dangerous and even fatal consequences in the healthcare sector.

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Sleep is a cyclical inequity for those in poverty

By Emily Orminski / August 5, 2021 / Views / 4 minutes of reading

As with many other issues which cause financial and health disparities for those who are low-income, the sleep gap is cyclical, and until it is solved it will continue to wreak havoc on the wellbeing of financially disadvantaged minorities and communities.

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New Report: Massachusetts offers a model for expanding federal Community Reinvestment Act to independent mortgage companies

By NCRC / July 29, 2021 / Press Releases / 3 minutes of reading

A new report from the National Community Reinvestment Coalition found success with a statewide Community Reinvestment Act applied to mortgage lenders in Massachusetts, and a model for establishing a similar policy nationwide to require nonbank mortgage lenders to serve qualified lower-income borrowers.

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Age-Friendly Banking and the First Citizens Bank Community Benefits Agreement

By Emily Orminski / July 21, 2021 / Views / 3 minutes of reading

With a growing elderly population, projected to nearly double from 52 million to 95 million in the next 40 years, age-friendly banking is more important than ever.

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NCRC applauds Administration’s Announced Move to Rescind Disastrous Trump-era CRA Rule Changes

By NCRC / July 20, 2021 / Press Releases / 4 minutes of reading

Today, the Office of the Comptroller of the Currency (OCC) announced it will propose to rescind its controversial Trump-era rules weakening the Community Reinvestment Act (CRA) and work with other banking regulators to adopt a clear, strong and consistent update to the CRA.

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Report: Women-owned small businesses in DC negatively-impacted by COVID-19

By NCRC / July 20, 2021 / Press Releases / 3 minutes of reading

DC Women’s Business Center surveyed 274 small business owners in the D.C. metro area to learn how the COVID-19 pandemic and economic downturn affected their businesses.

Report: Women-owned small businesses in DC negatively-impacted by COVID-19 Read More »

Christa Murillo

By NCRC / July 13, 2021 / About Us / 1 minute of reading

Project Specialist cmurillo@ncrc.org 202-768-8315 Christa Murillo is a project specialist at NCRC. She is bilingual in English and Spanish and a proud native of Kansas City, Missouri. Christa received her bachelor’s degree in modern languages and marketing from the University of Central Missouri. Prior to joining NCRC, Christa worked at the National Association of Hispanic

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NCRC applauds Biden’s Executive Order Targeting Bank Mergers

By NCRC / July 9, 2021 / Press Releases / 2 minutes of reading

President Biden’s directive today could help stem the tide of bank consolidations around the country. We have long urged the nation’s regulators to strengthen their anti-competitive review of these transactions.

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The Mental Health of Women Entrepreneurs: Challenges and Solutions

By Monti Taylor / July 8, 2021 / Field Notes / 7 minutes of reading

Adessa Barker, a well-being practitioner and the host of the popular podcast, Attitude Changes Everything, spoke about the mental health of women entrepreneurs.

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National Community Reinvestment Coalition, Equivico by NCRC, and the Stavros Niarchos Foundation (SNF) Announce Recipients of Inaugural Small Business Grant Program

By NCRC / July 8, 2021 / Press Releases / 4 minutes of reading

The program awarded $1.3 million to 65 small businesses through grants of up to $20,000 each that do not need to be repaid to fund projects that will help businesses across the U.S. pivot, drive innovation, and grow in a challenging economic landscape.

National Community Reinvestment Coalition, Equivico by NCRC, and the Stavros Niarchos Foundation (SNF) Announce Recipients of Inaugural Small Business Grant Program Read More »

Health Practitioners and Advocates Provide CRA Comments on Fed’s ANPR

By Emily Orminski / July 7, 2021 / Views / 4 minutes of reading

Wealth equity is intrinsically tied to health equity. Hospitals and health systems are stepping into the community development arena more frequently as there are many opportunities for them to partner with banks and other financial institutions to reduce economic disparities that could reduce health disparities.

Health Practitioners and Advocates Provide CRA Comments on Fed’s ANPR Read More »

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