NCRC

New Republic: An Honest Assessment Of Rural White Resentment Is Long Overdue

New Republic, April 11, 2024, An Honest Assessment Of Rural White Resentment Is Long Overdue What isn’t said enough is that rural whites are being told to blame all the wrong people for their very real problems. As we argue in the book, Hollywood liberals didn’t destroy the family farm, college professors didn’t move manufacturing […]

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American Banker: Fed Approves $1.3 Billion Merger Of Two New Jersey Banks

American Banker, April 11, 2024, Fed Approves $1.3 Billion Merger Of Two New Jersey Banks The merger was approved despite fair lending concerns raised from public commenters about Lakeland. Shortly after the merger was announced, the bank acknowledged that it was being investigated by the U.S. Department of Justice over redlining practices in and around Newark between

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Grist: Biden’s Environmental Justice Scorecard Offers More Questions Than Answers

Grist, April 11, 2024, Biden’s Environmental Justice Scorecard Offers More Questions Than Answers Shortly after being elected president, Joe Biden made a sweeping promise on environmental justice: With a 2021 executive order, he vowed that a full 40% of the benefits of certain federal government climate and environmental investments would reach historically disadvantaged communities. This initiative,

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HuffPost: White House Hesitates To Bring Back Fair Housing Rule

HuffPost, April 11, 2024, White House Hesitates To Bring Back Fair Housing Rule The White House is hesitating to finalize a government policy meant to reduce housing segregation out of fear it would cause a conservative backlash, according to a senior official. The Biden administration’s new proposal is a redo of a fair housing rule that Donald

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The New York Times: It’s Time To End The Quiet Cruelty Of Property Taxes

The New York Times, April 11, 2024, It’s Time To End The Quiet Cruelty Of Property Taxes Property taxes, the lifeblood of local governments and school districts, are among the most powerful and stealthy engines of racism and wealth inequality our nation has ever produced. And while the Biden administration has offered many solutions for

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BusinessInsider: Miami Shows How A New Kind Of Gentrification Is Coming To US Cities

BuisnessInsider, April 9, 2024, Miami Shows How A New Kind Of Gentrification Is Coming To US Cities The climate crisis has made living in many of the city’s low-lying waterfront neighborhoods increasingly perilous despite their desirable ocean views and proximity to the beach. Some of the city’s lower-income communities are farther inland and on higher

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HousingWire: The Opportunity Cost Of Modern-Day Redlining

HousingWire, April 9, 2024, The Opportunity Cost Of Modern-Day Redlining Modern-day redlining persists, and it’s costing lenders millions in legal fees. Recently, the Department of Justice (DOJ) has taken a strong stance on redlining, taking direct legal action against bad actors and thrusting the topic into the national spotlight. Last October, Ameris Bank had to pay $9 million to settle

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Axios Denver: Latest Denver Homeless Encampment Sweep Won’t Come With Housing Options

Axios Denver, April 16, 2024, Latest Denver Homeless Encampment Sweep Won’t Come With Housing Options Denver will clear a homeless encampment Tuesday, but for the first time in six months, it won’t provide direct housing options for people affected. Why it matters: It’s a blow to Mayor Mike Johnston’s homeless strategy, which had guaranteed shelter to people being relocated

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Crain’s Cleveland Business: KeyBank Restores Partnership With National Community Reinvestment Coalition

Crain’s Cleveland Business, April 8, 2024, KeyBank Restores Partnership With National Community Reinvestment Coalition After severing ties with KeyBank in 2021 and branding the business as the “worst major mortgage lender for Black homebuyers” in 2022, the National Community Reinvestment Coalition has announced a renewed partnership with the company. The partnership, announced last week during

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Buffalo News: KeyBank, Community Coalition Renew Ties With $25M Plan

Buffalo News, April 4, 2024, KeyBank, Community Coalition Renew Ties With $25M Plan Jesse Van Tol, president and CEO of the Washington, D.C.-based coalition, announced a $25 million agreement with Key to “work together to ensure greater levels of investment in minority and underserved communities.” The NCRC had worked with Key on developing a $16.5 billion

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Bankingdive: KeyBank, NCRC Team Up On $25M Pledge

Bankingdive, April 4, 2024, KeyBank, NCRC Team Up On $25M Pledge KeyBank and the National Community Reinvestment Coalition announced Wednesday a collaborative effort to improve the bank’s lending in nonwhite communities, a year after the fair-lending advocacy group raised concerns about KeyBank’s mortgage lending practices. KeyBank has pledged $25 million to address issues previously highlighted by the

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HousingWire: Barr: Fed Is Taking ‘Thoughtful Approach’ To Basel III Rules

HousingWire, April 3, 2024, Barr: Fed Is Taking ‘Thoughtful Approach’ To Basel III Rules “We gave the public extra time to comment on the rule because it was really complex. We’re analyzing those comments,” Barr said Wednesday afternoon during a conference hosted by the National Community Reinvestment Coalition (NCRC) in Washington, D.C. “I expect them to make

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Nonprofit Quarterly: How To Preserve Existing Affordable Housing: The Value Of Human Scale

Nonprofit Quarterly, April 3, 2024, How To Preserve Existing Affordable Housing: The Value Of Human Scale Between 2000 and 2013, the National Community Reinvestment Coalition found that DC had the greatest “intensity of gentrification” of any US city. During this period, the study also estimates that the city lost 20,000 Black residents. In 1957, DC became the first

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Bloomberg: Bank Stress From Empty Offices A ‘Slow Moving Train,’ Barr Says

Bloomberg, April 3, 2024, Bank Stress From Empty Offices A ‘Slow Moving Train,’ Barr Says “There are pockets of risks in the system,” Barr said at an event hosted by the National Community Reinvestment Coalition in Washington. “We’re looking at things like, what’s the level on unrealized losses on the balance sheet from securities? We’re

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