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Press Releases
Washington – Today, the National Community Reinvestment Coalition (NCRC) released a white paper describing the importance of Community Reinvestment Act (CRA) exam performance context analysis, reviewing current implementation of the analysis, and prescribing improvements. The paper, “CRA Performance Context: Why it is Importance for Community Development and How to Improve it,” shows that current performance context analyses do an unsatisfactory job determining the housing and economic conditions of a community, and often do not adequately solicit the community’s residents about their financial services needs. This can lead to inaccurate measurements of how well banks are meeting a community’s credit needs,…
Washington, DC – Today, in reaction to the announcement by the Federal Housing Finance Agency (FHFA) that Fannie Mae and Freddie Mac will offer principal reduction to certain seriously delinquent, underwater borrowers, NCRC President and CEO John Taylor made the following statement:“We applaud FHFA and Director Watt for taking this important step in the right direction. The new principal reduction modification program will help certain underwater borrowers avoid foreclosure and stay in their homes. That’s a very positive thing. That said, with the scope announced today, this program will have limited impact. “ “This represents the first bite at the…
Washington, DC - Today, the National Community Reinvestment Coalition (NCRC) and KeyBank signed a landmark $16.5 billion community benefits agreement. The commitment, signed at the 2016 NCRC Annual Conference, is the largest by a single bank in recent history. KeyCorp's Chairman and CEO Beth Mooney and NCRC’s President and CEO John Taylor were joined at the signing by community leaders from New York, Pennsylvania, Ohio, Oregon, and Maine. The commitment includes mortgage, small business, and community development lending, and philanthropy in low- and moderate-income (LMI) communities. It will be carried out over five years, beginning in 2017. A summary of the agreement can be found here. “This commitment is the result…
Washington, DC – From March 16-19, the National Community Reinvestment Coalition (NCRC) will hold its annual conference, “Creating a Just Economy,” bringing together hundreds of participants and community organizations from across the nation. This year, the conference will feature keynote speakers Cornell William Brooks, President and CEO of the NAACP, Senator Jeff Merkley of Oregon, Dr. Julianne Malveaux, Economist, Author, and Commentator, Gustavo F. Velasquez, Assistant Secretary for Fair Housing and Equal Opportunity, U.S. Department of Housing and Urban Development, and Thomas J. Curry, Comptroller of the Currency. The conference features a wide range of workshops on community organizing, policy advocacy, housing, access to capital and credit,…
Washington – Today, in response to Federal Housing Finance Agency Director (FHFA) Mel Watt’s remarks at the Bipartisan Policy Center regarding the conservatorship of the government sponsored enterprises (GSEs) Fannie Mae and Freddie Mac, the National Community Reinvestment Coalition’s President and CEO John Taylor made the following statement. “We are pleased that Director Watt has acknowledged that the current trajectory for the government-sponsored enterprises (GSEs) in conservatorship is not tenable. The wind down of Fannie Mae and Freddie Mac directly impacts the obligation they have to facilitate affordable housing and affordable mortgage credit for low- and moderate-income (LMI) communities."  …
Washington – Today, the National Community Reinvestment Coalition (NCRC) sent a letter to Janet Yellen, Chair of the Federal Reserve Board of Governors, Thomas J. Curry, Comptroller of the Currency, and Martin J. Gruenberg, Chairman of the Federal Deposit Insurance Corporation, asking that they declare Flint, Michigan a designated disaster area in response to its water crisis and encourage banks to make loans to the city and its residents to help repair or replace tainted pipes. The letter also calls for the agencies to establish a working group made up of state and local officials, and experts on issues such…
Thursday, February 11, 2016 03:51 PM

NCRC Hires Stella Adams as Chief of Civil Rights

Washington, DC – Today, the National Community Reinvestment Coalition (NCRC) announced the hiring of Stella Adams in the role of Chief of Civil Rights. NCRC President and CEO John Taylor made the following statement: “I am very excited to announce that NCRC has hired Ms. Stella Adams to be its Chief of Civil Rights. In this position Ms. Adams will manage all matters relating to lending discrimination, fair housing, ECOA and other civil rights matters. The hiring of Ms. Adams represents a huge step forward in our civil rights agenda because of her knowledge, reputation, intellect and dogged commitment to the field…
Washington – The National Community Reinvestment Coalition’s Washington, DC Women’s Business Center (DC WBC) will hold its Second Annual “Shop, Sip and Celebrate” Holiday Bazaar this year on Small Business Saturday, November 28, 2015. The DC WBC Holiday Bazaar is a pop-up marketplace to showcase local women-owned small businesses, many of which are DC WBC clients. It gives women entrepreneurs a place to market their products and gain exposure to new clients. Last year’s inaugural Bazaar hosted 23 vendors and was attended by over 250 participants. This year’s event will host 35 vendors. “Our clients are committed to the dedication…
Washington – Today, the National Community Reinvestment Coalition (NCRC) released a white paper making a case for the recapitalization of the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac and continuing the reforms of the GSEs started with the passage of the Housing and Economic Recovery Act of 2008 (HERA). The white paper, “Protecting Duties to Serve and Responsible Next Steps for Reforming the Secondary Mortgage Market,” follows a letter sent on October 27 to President Obama signed by NCRC, NAACP, and LULAC urging the Administration to rethink its position on the recapitalization of the GSEs. NCRC President and CEO John Taylor made the following statement: “Our dog in this housing finance reform…
Washington, DC – Today, several national groups sent a letter to President Obama urging the Administration to rethink its position on the recapitalization of the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac and calling for their continued reform. The letter is in response to comments last week from Jacob Lew, Secretary of the U.S. Department of the Treasury, and Antonio Weiss, Counselor to the Secretary of the U.S. Department of the Treasury, that seemingly suggested that the Obama Administration would not consider recapitalization of the GSEs. “The most sensible path forward for the housing finance system is to recapitalize Fannie and…
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