NCRC

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.”

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.

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.

According to the National Community Reinvestment Coalition, a grassroots organization advocating for the underbanked, the number of U.S. bank branches dropped from 85,993 to 81,586, a 5.1% decline, between 2017 and 2020. About one-fourth of those closures occurred in low-to-moderate-income (LMI) neighborhoods

ABA President and CEO Rob Nichols joined National Community Reinvestment Coalition CEO Jesse Van Tol in an op-ed earlier this year warning of the risks of allowing fintechs to obtain national bank charters while circumventing the full range of consumer protection and community reinvestment laws that apply to traditional banks.

The American Housing and Economic Mobility Act has been endorsed by the National Community Reinvestment Coalition.

Viewers get the opportunity to watch how the color grading system, known as redlining, developed by the Home Owners’ Loan Corporation to place value on property values in a given area, plays out in the lives of Black American families.