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Congressman Luis Gutierrez (D-IL) has issued this video call to action, calling on his colleagues to support our efforts to strengthen and expand the Community Reinvestment Act. We’re working with the Congressman and his colleagues to move legislation expanding and strengthening CRA in the coming months, and we thank him for his leadership on this issue.

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Access Reinforced by Strategy

florist picNCRC operates a variety of business development initiatives that support business ownership and entrepreneurship among people of color and women. We provide resources for entrepreneurial initiatives in low and moderate-income communities, working with policymakers and financial institutions to increase small business lending to women, minorities and low- and-moderate-income communities. Our centers provide assistance to women and minority entrepreneurs in the Washington, DC and New York areas:

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The DC Women’s Business Center provides training and consultation to assist in the growth of women-owned businesses, as well as technical assistance to women-owned businesses interested in federal and local government procurement opportunities.

The Washington, DC MBDA Business Center helps minority firms compete by knocking down the barriers to growth and helping them maintain a profitable bottom line. Through an extensive network, DCMBDA helps clients  to procure capital, and works side-by-side with them to streamline operations.

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National Civil Rights, Consumer, Community Development and Housing Groups Respond to Attacks on CRA
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Washington, DC – Today, the National Community Reinvestment Coalition (NCRC) applauded the Washington, DC City Council’s passage of a responsible banking ordinance, which will require banks bidding on municipal deposits and investments to submit community development plans describing the loans, investments, and bank services they would provide to minority and modest-income neighborhoods.

“We applaud the DC City Council for advancing responsible banking in our nation’s capital, and congratulate NCRC member organization Manna, Inc. and other local groups for the key role they played in the passage of the bill,” said NCRC President and CEO John Taylor. “This Act will hold banks accountable and help to ensure that working families and residents in underserved areas have greater access to fair and responsible credit and banking services. We are proud to support the efforts of communities and our members across the county to get ordinances like this one passed at a local level.”

“Today the District Council has acted to help low and moderate income households with wealth creation and equity building in the District’s overlooked neighborhoods," said Reverend Jim Dickerson, Manna, Inc. CEO. "By holding large banks publicly accountable, this bill will significantly increase the amount of home and small business loans throughout the District but particularly in economically disenfranchised communities such as those East of the River. Most Americans build wealth by buying a home or starting a small business. This bill provides hardworking District residents a fair chance to attain their dreams.”

In February of 2014, NCRC testified before the DC City Council in support of the ordinance. NCRC has been a leader in organizing local advocates to advance responsible banking ordinances, and in recent years has helped to advance the passage of ordinances in New York, Los Angeles, San Diego and several other cities. In 2012, NCRC released an updated version of its model city ordinance, which was first made available in 2010.

About the National Community Reinvestment Coalition (NCRC):

The National Community Reinvestment Coalition is an association of more than 600 community-based organizations that promote access to basic banking services, including credit and savings, to create and sustain affordable housing, job development, and vibrant communities for America's working families.

Published in Press Releases

 

Washington, DC – Today, the National Community Reinvestment Coalition (NCRC) announced that the NCRC Community Development Fund has received certification from the Community Development Financial Institutions Fund as a Community Development Financial Institution (CDFI).

“We are very excited to receive CDFI certification,” said NCRC President and CEO John Taylor. “This certification will allow NCRC to further build out our financial and technical assistance services for small businesses and minority- and women-owned small businesses.”

The National Community Reinvestment Coalition operates three U.S. Department of Commerce-sponsored Minority Business Centers (in Washington, DC, New York, NY, and Houston, TX), a Women’s Business Center sponsored by the U.S. Small Business Administration (SBA), and an SBA Small Business Teaming Center. The NCRC Community Development Fund (NCRC CDF) is a small business investment fund that measures the success of its investments by financial return, positive social impact, and environmental benefits in its current target market of the District of Columbia, with plans to serve women- and minority-owned businesses nationwide in the future.

To date, NCRC CDF, through the Fund and the NCRC Small Business Center affiliates, has counseled and provided technical assistance to over 1,500 small businesses, assisted in securing over $2 billion in financing and contracts, created over 150 new jobs, and directly lent $150,000 to women, minority, and low-income owned businesses in the District of Columbia Metro area.

About the National Community Reinvestment Coalition (NCRC):

The National Community Reinvestment Coalition is an association of more than 600 community-based organizations that promote access to basic banking services, including credit and savings, to create and sustain affordable housing, job development, and vibrant communities for America's working families.

Published in Press Releases