Turkey Leg Hut has become much more than the long lines that have come to define the restaurant. Its rapid success has also made it a lightning rod for racially tinged conflicts over gentrification.
Some of the largest U.S. banks plan to start sharing data on customers’ deposit accounts as part of a government-backed initiative to extend credit to people who have traditionally lacked opportunities to borrow.
I’ve been locked out of the vast invisible system that determines creditworthiness — all because I have a twin
The Verge: Credit Agencies Can’t Tell My Sister and Me Apart Read More »
Thanks to Afterpay and Klarna, it’s easier than ever to buy in installments. Now, the model is coming for necessities.
Vox: Buy now, pay later changed retail. Health care and rent are next. Read More »
NCRC Chief Executive Jesse Van Tol said PNC recognized that $88 billion was the “right response” to the pandemic’s impact on communities.
American Banker: Behind PNC’s $88 billion commitment to invest in communities Read More »
At least 20,000 Black people were pushed out of the city between 2000 – 2013, according to the National Community Reinvestment Coalition.
Street Sense Media: Council advances Comprehensive Plan amid concerns of racial inequity Read More »
PNC’s Community Benefits Plan was developed by PNC, in consultation with BBVA USA, and was informed by numerous community listening sessions that PNC held with the National Community Reinvestment Coalition (NCRC) that included representatives from more than 150 NCRC member organizations from across the combined PNC and BBVA USA footprint.
PR Newswire: PNC Announces $88 Billion Community Benefits Plan Read More »
With over half of American adults now at least partially vaccinated, many of us are beginning to imagine a future beyond the pandemic. But for the many small businesses that didn’t survive, there’s no “after.”
The Good Man Project: Rebuilding Black-Owned Businesses After COVID-19 Read More »
According to a National Community Reinvestment Coalition study, Pittsburgh was the eighth most gentrified city in the U.S. in 2019, with neighborhoods like Downtown, Lawrenceville, and the Mexican War Streets seeing the sharpest levels of gentrification.
A 2019 report by the National Community Reinvestment Coalition identified Washington as the nation’s most intensely gentrified city between the years 2000 and 2013, finding at least 20,000 Black residents had been displaced.
The HOLC created “residential security” maps according to investment risk, often redlining Black neighborhoods as “hazardous” areas. According to advocacy group National Community Reinvestment Coalition, 74% of the neighborhoods that the HOLC designated as high risk or “hazardous” are low-to-moderate income neighborhoods today, and 64% are minority neighborhoods.
24/7 Wall St: The Most Segregated Cities in America Read More »
A recent report from the National Community Reinvestment Coalition has called for a goal of 60% Black homeownership by 2040.
Victoria Orozco at Drexel University’s Nowak Metro Finance Lab, Robert Nelson at the University of Richmond, Brent Never at the University of Missouri-Kansas City and the National Community Reinvestment Coalition’s Bruce Mitchell, Jason Richardson and Jad Edlebi offered feedback and advice at various stages of the analysis.
A 2020 study from the National Community Reinvestment Coalition found Indianapolis was No. 12 on a list of the most intensely gentrifying cities from 2013 to 2017. The study identified 20 census tracts in Marion County that had “gentrified” in that time.
The American Housing and Economic Mobility Act has been endorsed by the National Community Reinvestment Coalition.
