In the News

Vermont Affordable Housing Coalition, July 1, 2022, VAHC Attends the Just Economy Conference Overall, all of this information about CRA that was conveyed through many wonderful panels and speakers at the Just Economy Conference made it clear that community reinvestment is an incredibly important component for the development of new affordable housing, and it must […]

Finance World, July 5, 2022, Veterans often struggle to buy homes with a VA loan But, as many realtors and mortgage brokers tell Spectrum News, a widespread misunderstanding about the VA loan program among sellers and agents often makes it challenging for veterans to buy homes with the loan. That’s if they get the loan

My Walkabout, July 4, 2022, KeyBank intends to push $16.5 million to the down-money teams Key’s preparations are part of a binding agreement on National Community Reinvestment Coalition, that has over 600 community communities one offer entry to basic financial properties, sensible homes and occupations invention getting functioning group. $5 million inside financial financing inside

Apartment Therapy, July 2, 2022, 4 Podcasts That Will Help You Understand Housing Inequality in the U.S. Housing inequality is now a more timely topic than ever. Back in 2019, there were almost 6.5 million Black homeowners in the United States, putting the Black homeownership rate at 42 percent, as low as it was in

Business Inquirer, June 24, 2022, Approaching a new era in banking loyalty The pandemic has brought many negative effects on various industries. For banks, it has meant phasing out physical presence. According to an analysis by the National Community Reinvestment Coalition, more than 4,000 branches have closed in the U.S. since March 2020. This has

American Banker, June 29, 2022, Financial market regulators can do more to tackle racial economic inequality What many people may not fully appreciate is that financial regulators, who can promote access to lending, capital, and other financial services, have an important role to play — indeed, often an affirmative obligation to act — in addressing

CUInsight, June 22, 2022, As inflation rises, credit unions remain the backbone for American consumers A National Community Reinvestment Coalition study found that since March 2020, banks have closed more than 4,000 branches across the country. At 201 closures per month, they doubled their closure rate which – for the past 10 years – averaged

Housing Wire, June 22, 2022, OCC used “outdated, unclear” guidance for redlining exams Addressing the legacy of redlining, which was formally outlawed more than 50 years ago, recently has become a key focus of federal housing policy discussions. In recent years, community groups such as National Community Reinvestment Coalition have negotiated community benefits agreements with

Bloomberg Law, June 22, 2022, A Digital Dollar for the Unbanked? Banks, Consumers See Pitfalls Most fintech companies aren’t covered by the Community Reinvestment Act, a 1977 law that requires regulators to measure bank lending to low-income urban and rural areas. Bank holdings of digital dollars probably wouldn’t be covered either, because the law only

Birmingham Times, June 15, 2022, As Birmingham Turns Blight into Affordable Housing, Residents Return The apartments, where the Paynes lived for 20 years until they were demolished in the early 2000s, have been replaced by the newly developed Oak Hill development of Belview Heights in Ensley, which now features 27 brand new homes on what

Essence, June 15, 2022, Baldwin & Co. Coffee & Bookstore In New Orleans Makes A Delicious Brew And A Big Impact At The Same Time The most recent report from The National Community Reinvestment Coalition (NCRC) found that New Orleans is “gentrifying at an abnormally rapid rate” compared to other cities in its Gentrification and

SJOENG, June 19, 2022, How Historic Inequity Shapes DC’s Transit-Oriented Development As walkable, transit-oriented neighborhoods became more desirable, housing costs rose and older residents were pushed out. “Between 2000 and 2013, about 40 percent of the city’s lower-income neighborhoods experienced gentrification, according to a 2019 study by the National Community Reinvestment Coalition.” The same report

Daily Kos, June 17, 2022, Discrimination in mortgage lending persists due to Trump. Now Biden’s working to combat it The National Community Reinvestment Coalition (NCRC)—which is made up of “community reinvestment organizations; community development corporations; local and state government agencies; faith-based institutions; community organizing and civil rights groups; minority and women-owned business associations, as well

MarketScreener, June 17, 2022, CFPB Update On The Amicus Program And Other Litigation The CFPB also provided updates on two ongoing lawsuits against it. Specifically, in August of 2020, the National Community Reinvestment Coalition, among others, sued the CFPB in the U.S. District Court for the District of Columbia over its final rule amending Regulation

AL.com, June 19, 2022, Roy S. Johnson: As Birmingham rises, we must not forget neighbors living on tainted, poisonous soil After Powell spoke, Mayor Randall Woodfin shared thoughts of an aunt who’s lived in the area “longer than I’ve been alive” and seeing soot (or whatever floated down from those tainted skies) settling on clothes