In the News

HousingWire, December 11, 2023, 3 Steps Real Estate Agents Can Take To Make A Big Difference In Housing Affordability “KeyBank made 19.2% of its home purchase loans for the year to low- and moderate-income (LMI) borrowers, down from 19.7% in 2021. This modest but significant one-year decline understates KeyBank’s longer-term performance for non-wealthy families seeking […]

Industry News, December 11, 2023, Report Shows Need For Mortgage Solutions On Tribal Lands A report released by the National Community Reinvestment Coalition and the Native Community Capital found traditional financial services are struggling to serve communities on and near tribal lands. The report was conducted after Community Reinvestment Act (CRA) regulations were changed this

American Banker, December 15, 2023, Lawmakers Introduce Flurry Of Banking Legislation Ahead Of Winter Recess Sen. Sherrod Brown, D-Ohio, chairman of the Senate Banking Committee, along with Sens. John Kennedy, R-La., Bob Casey, D-Penn., and Chris Van Hollen, D-Md., have reintroduced a bill that would make companies that acquire an ILC be subject to the same supervision

Anthony’s Corner, December 19, 2023, Financial Shake-Up: Pennsylvania Braces For Wave of Bank Closures According to a report by the National Community Reinvestment Coalition, the closure of bank branches has several detrimental effects on the surrounding communities. One of the significant impacts is the decline in small business lending and activity in the area. Without easy

QuadCities, December 14, 2023, Rock Island Celebrates 20 Years Of Homebuying Help In 2016, the National Community Reinvestment Coalition (NCRC) gave Growth the Representative James Leach award (named for the former Iowa Congressman) at NCRC’s Annual Conference in Washington, D.C. The national award recognizes the most outstanding rural non-profit organization in the country that best

Bloomberg, December 18, 2023, Borrowers Turned To Nonbank Lenders For Mortgages – And It’s Costing Them Whatever the reasons for the disparities, higher fees can be a burden. “Closing costs are one of the biggest barriers to new homeowners,” says Jesse Van Tol, president of the National Community Reinvestment Coalition, a nonprofit group based in Washington. “Saving

NHONews, December 19, 2023, HUD To Modernize Indian Home Loam Program With Rule Update Direct funding isn’t the only issue. Lender participation in the Section 184 program has been “negligible” and none of the three largest mortgage lenders in the country participate in the Section 184 program according to a new report by the National

The DC Citizens Forum, December 11, 2023, Washington Was An Icon Of Black Political Power. Then Came Gentrification. A 2019 study by the National Community Reinvestment Coalition found that DC had the highest “intensity” of gentrification of any city in the United States between 2000 and 2013. A follow-up NCRC study found that DC then fell to 13th but

Beaufort County Business, December 10, 2023, Over 60 US Bank Branches File To Shutter In One Week Between 2017 and 2021, about 7,500 bank branches, or 9% of all brick-and-mortar locations shut down, according to a report from the National Community Reinvestment Coalition. Last year alone, a net of 2,054 bank branches closed, according to

The Tiger’s Roar, December 1, 2023, Cultural Shifts: An Investigative Piece About The Social Impacts Of Gentrification In Savannah’s Black Neighborhoods The National Community Reinvestment Coalition (NCRC) notes redlining as the beginning of gentrification. In the 1930s, the Home Owner’s Loan Corporation (HOLC) ranked cities across the U.S. by their investment risk. A district outlined

The Daily Targum, December 6, 2023, New Jersey Reparations Council, U. Community Panelists Discuss Reparations For Systemic Racism During public comments, Nichole Nelson, a senior policy advisor at the National Community Reinvestment Coalition, talked about racial barriers in homeownership in South Orange and Maplewood in Essex County. She also referenced her previous research on the county’s history of integration

Virginia Tech College of Liberal Arts, December 4, 2023, Alumnus Lorenzo “Zo” Amani Finds Purpose In Helping Others He took on a variety of positions in Washington, DC, and Boston – with the Federal Reserve, the US Treasury Department, and the National Community Reinvestment Coalition. Most of these jobs were full-time while he studied part-time for his Ph.D. in

Bakersfield Now, December 5, 2023, Wells Fargo Closing Oildale Branch In February 2024 Jason Richardson, Senior Director of Research for the National Community Reinvestment Coalition, said this is nothing new for one of America’s largest banks. “When the pandemic began, for the first six months nothing really happened,” Richardson said. “Then they started closing branches

BankingDive, December 4, 2023, House Votes To Repeal CFPB Small-Business Data Collection Rule Jesse Van Tol, CEO of the National Community Reinvestment Coalition, meanwhile, said, “Today’s vote for a move President Biden will veto was a pointless show put on for bank industry donors who still don’t know how to say yes to a good idea.”

VPM, December 4, 2023, How Richmond’s Business Makeup Doesn’t Match Its Residents A 2021 study of Paycheck Protection Program lending in Washington, D.C., conducted by the National Community Reinvestment Coalition, found evidence of explicit racial bias. In another study from 2018, NCRC sent “mystery shoppers” into banks to track their experiences. Black testers were less likely to be approached