In the News

The Washington Post, March 9, 2023, ‘Greenlining’ Heals The Historic Injustice Of Redlining The United States faces an enormous housing shortage and pricing crisis. If we want any semblance of equity in our cities, we must address this urgent need for more affordable housing, while mitigating the alienation and displacement produced by gentrification. As a […]

S&P Global, March 8, 2023, TD-First Horizon Back At Negotiating Table As Deal Hangs In Regulatory Purgatory Toronto-Dominion Bank is unsure when it will close its acquisition of First Horizon Corp., leaving the companies negotiating again just weeks after extending their merger agreement. At the beginning of February, TD and First Horizon agreed to extend

Cincinnati WCPO, March 3, 2023, Terry Horton Is Black. He Says His Property Was Valued $100,000 Lower Because Of His Race. Horton contacted the National Community Reinvestment Coalition (NCRC), which received a report from Cincinnati-based appraisal expert Derrick Mayes. The complaint says Mayes issued a report stating “it is our opinion that some degree of

Candy’s Dirt, March 7, 2023, Dallas Program Aims To Protect Neighborhoods Against Displacement, But Hurdles Make It Hard For Seniors The City of Dallas Housing and Homelessness Solutions Committee heard a progress report last week on the “Dallas Anti-Displacement Toolkit” from James Armstrong and Stephanie Champion of Builders of Hope. The team is building affordable homes

Insider Intelligence, March 6, 2023, Brown Asks The OCC To Hold Public Meetings In Communities Where Bank Branches Are Closing Sen. Sherrod Brown sent a letter to the Officer of the Comptroller of the Currency (OCC) asking the agency to meet with low- and moderate-income communities to talk about proposed bank branch closures in their areas. He requested

Yes Magazine, February 27, 2023, Could We End Wealth No one should have a billion dollars. Yet there are now nearly 1,000 billionaires in the United States alone, according to Visual Capitalist, with a combined net worth of more than $4 trillion. Billionaires are a byproduct of an upside-down economic system. Wealth inequality is often seen

We Are Iowa, February 25, 2023, Des Moines Realtor Works To Close Racial Homeownership Gap According to the National Community Reinvestment Coalition, there’s been at least a 20% gap in homeownership rates between Black and white Americans for over 100 years. “We see that those are communities that have struggled the worst with some of the housing

WVXU/NPR, February 27, 2023, Man Files Federal Complaint Alleging Racial Discrimination In Cincinnati Property Appraisal Terry Horton was going to refinance a North Avondale apartment building he rented to predominantly Black residents, about half of whom use Section 8 vouchers, in order to buy another building he would also offer as affordable housing.  But Horton,

Shelterforce, February 24, 2023, NCRC Claims KeyBank Broke Promises, Failed Black Homeowners When KeyBank sought to acquire Buffalo-based First Niagara, which would make it one of the nation’s largest banks, it not only had to prove to banking regulators that the merger was sound, it also had to win over local and national advocates. The

The Baltimore Sun, February 24, 2023, Dealing With ‘Creeping Segregation’ In Columbia The planned community of Columbia represented a clear break with segregationist practices in urban development. When it was developed in the mid-1960s, the Rouse Corporation intentionally welcomed people of all races and faiths, rejecting racial steering, redlining and discouragement of Black families searching

CNBC, February 23, 2023, Black Families’ Net Worth Has Grown More Than Other Racial Groups Since Covid, But Wealth Gap Remains Wide Black families saw their wealth grow more than that of non-Black households during the pandemic, but the racial wealth gap is still vast, a new study showed. The average net worth among Black

Pennsylvania Business Report, February 21, 2023, TD Bank announces plan to build on community engagement TD Bank, which has locations in 63 Pennsylvania cities and towns, announced Wednesday it would launch a five-year Community Benefits Plan that would provide an estimated $50 billion impact to its communities across the United States.  The Community Benefits Plan,

Insider Mortgage Finance, February 21, 2023, CFPB in Legal Limbo as Supreme Court Ponders Taking Case The Supreme Court justices met in private last week to consider whether to take a case involving the CFPB’s funding structure and other authorities. A decision on the case will have major ramifications for the agency.