Analysis of public comments on the Community Reinvestment Act
Banks want more certainty and easier exams, but points of consensus emerge.
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Segregation and redlining continue to drive down home values in 2018
The evidence of a strong link between redlining, racial segregation and the value of homes just got stronger.
Segregation and redlining continue to drive down home values in 2018 Read More »
Reforming the Community Reinvestment Act regulatory framework
November 19, 2018 Reforming the Community Reinvestment Act Regulatory Framework Docket ID OCC-2018-0008 To Whom it May Concern: The undersigned groups maintain that the Community Reinvestment Act (CRA) has been one of the most valuable laws for increasing access to capital and credit for low- and moderate-income (LMI) communities. Any CRA reform effort
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These are the 15 worst cities for black Americans
A new report from discusses the worst places to live if you are an African American. Two of the cities, Milwaukee (#2) and Minneapolis (#4), were covered in NCRC’s 2016 report on racial disparities in mortgage lending.
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NCRC founder John Taylor wins 2018 Award for Excellence from the Pennsylvania Housing Finance Agency
John Taylor, the President and Founder of NCRC, received the 2018 Award of Excellence from the Pennsylvania Housing Finance Agency (PHFA). PHFA works to provide affordable homeownership and rental housing options for older adults, lower-income families and people with special housing needs. The award, presented Nov. 13, 2018 at a PHFA event in Harrisburg, Pennsylvania,
Sign on letter for CRA ANPR
November 19, 2018 Reforming the Community Reinvestment Act Regulatory Framework Docket ID OCC-2018-0008 To Whom it May Concern: The undersigned groups maintain that the Community Reinvestment Act (CRA) has been one of the most valuable laws for increasing access to capital and credit for low- and moderate-income (LMI) communities. Any CRA reform effort needs
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New Federal Reserve report supports NCRC redlining study
Government maps from the 1930s offer a ‘smoking gun’ that helps explain the redlined, segregated and disinvested nucleus of more than 200 cities, which persists today.
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Affordable homeownership allowed my family to refinance after a health crisis
Like most beneficiaries of the Community Reinvestment Act, I was completely oblivious to this invisible law. Now I am grateful every day, seeing how clearly my parents’ homeownership transformed my life.
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NCRC comments regarding Advance Notice of Proposed Rulemaking (Docket ID OCC–2018-0008) reforming the Community Reinvestment Act regulatory framework
November 8, 2018 Reforming the Community Reinvestment Act Regulatory Framework Docket ID OCC-2018-0008 To Whom it May Concern: The National Community Reinvestment Coalition (NCRC) maintains that the Community Reinvestment Act (CRA or Act) has been one of the most valuable laws for increasing access to capital and credit for low- and moderate-income (LMI) communities. NCRC
Jesse Van Tol named to Federal Reserve Community Advisory Council
Jesse Van Tol, CEO of the National Community Reinvestment Coalition, has been appointed to the Federal Reserve Board’s Community Advisory Council.
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Wells Fargo pledges $1.6 billion in lending and philanthropy to help revitalize Washington, D.C., neighborhoods
Wells Fargo triples its philanthropy in DC and launches a community advisory council to guide its giving there in a new initiative developed with NCRC.
Redlining, restitution and redefining the narrative
A recap of our #ReinvestPHILLY Summit The #ReinvestPHILLY summit took place October 9, 2018, in downtown Philadelphia. More than 300 local leaders joined Pennsylvania Attorney General Josh Shapiro, State Senator Vincent Hughes, and members of the Philadelphia City Council to discuss political action to combat modern-day redlining, evictions and other forms of racial discrimination. Here
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NCRC comment letter defending HUD’s Affirmatively Furthering Fair Housing Rule
October 15, 2018 Regulations Division, Office of General Counsel Rules Docket Clerk Department of Housing and Urban Development 451 Seventh Street SW, Room 10276 Washington, D.C. 20410-0500 Re: Â Â Â Â Docket No. FR-6123-A-01 Advanced Notice of Proposed Rulemaking Affirmatively Furthering Fair Housing: Streamlining and Enhancements Dear Assistant Secretary Farias: On behalf of the National Community
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Long live CRA!
Today marks the 41st anniversary of the Community Reinvestment Act (CRA), a law that was supposed to end discrimination that was once common in America’s housing and banking markets. Although not as widely known as other iconic releases of 1977 including the very first Star Wars movie, Fleetwood Mac’s album Rumours, or the Apple II
Warren housing bill presents a clear choice on CRA
As concerned citizens and practitioners in the affordable housing and community development fields, we now have a clear choice regarding the direction of the Community Reinvestment Act (CRA). Senator Elizabeth Warren and the Office of the Comptroller of the Currency (OCC) (under the leadership of Comptroller Joseph Otting) have each offered contrasting visions for the
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