NCRC

NCRC’s Chief of Race, Wealth and Community Dedrick Astante-Muhammad discusses the racial wealth divide in the United States and the role historical injustice plays in determining vulnerability during the pandemic.

The crisis will also have a real impact on small landlords, according to Ibijoke Akinbowale, director of the Housing Counseling Network at the National Community Reinvestment Coalition, who says that the pathway for recovery for small landlords and renters is not as clear.

According to the National Community Reinvestment Coalition, Black borrowers faced significant discrimination when applying for the COVID-19 relief Paycheck Protection Program (PPP).

At the end of June, banks were operating 81,586 branches, a decrease of around 4,400 from three years earlier, according to a report by the National Community Reinvestment Coalition. The pace of decline — an average of 1,467 branch closures a year — is up from an average of around 800 branch closings a year between 2008 and 2017.

Real Money, Real Experts welcomes two special guests to talk about two very important, and intersecting concepts. NCRC’s Chief of Race, Wealth and Community Dedrick Asante-Muhammad and Heather McCulloch join us to talk about racial and gender wealth gaps.

NCRC’s Chief of Race, Wealth and Community Dedrick Astante-Muhammad participates in a discussion on gentrification, highlighting power, policy and what it takes to address racial economic inequality.

The National Community Reinvestment Coalition and other groups urged Chief U.S. District Judge Beryl Howell to grant summary judgment in its lawsuit challenging Regulation C, a rule finalized in May that raises the threshold for reporting under the Home Mortgage Disclosure Act (HDMA) and which they say would exempt more than a third of financial institutions that currently report data.

According to geocoded data released by Washington nonprofit National Community Reinvestment Coalition, which focuses its work on fighting discrimination in lending, housing and business, a little over 8,000 PPP loans were given to Worcester area businesses in upper and medium income census tracts where less than 30% of residents are people of color.

The National Community Reinvestment Coalition said it found unequal treatment during its “mystery shopper” tests of national and regional banks, in which pairs of testers with similar financial profiles but different races asked for small-business assistance.

A recently released study by the National Community Reinvestment Coalition found that nationwide, between 2013 and 2017, Boston ranked third for gentrification.

An explanation of what, how and why systemic racism exists. NCRC’s 2018 redlining report was cited as a reference. 

The National Community Reinvestment Coalition, or NCRC, has successfully organized communities across the country and is now focusing on Dallas. It provides data, experience and guidance in how to take advantage of the CRA and encourage banks to lend more money in underserved communities.

n 2018, the Bank invested in a fund with the National Community Reinvestment Coalition for home ownership and rehabilitation in urban communities.

The initiative, which includes $4 billion more than Huntington’s previous community plan, was hailed by state government officials as well as the National Community Reinvestment Coalition.

A report from the National Community Reinvestment Coalition shows that over the decade-plus between 2000 and 2013, gentrification caused the Black population to decline in 16 census tracts across Philadelphia.