Washington, DC – Today, the National Community Reinvestment Coalition (NCRC) released an analysis of home and small business lending in Washington, DC. The analysis of 2011 Home Mortgage Disclosure Act data on lending from six major banks and the lending market as a group shows racial and gender disparities in home lending.

The analysis finds that all lenders in the Washington, DC market as a group made a disproportionately low percentage of home loans to African-Americans, low- and moderate-income (LMI) borrowers and female borrowers.

“This analysis shows that lenders have some work to do to ensure that they are fairly serving creditworthy women, low- and moderate-income, and African-American borrowers in Washington, DC,” said NCRC President and CEO John Taylor. “NCRC and its member organizations stand ready to work with lending institutions to improve outreach, deliver homeownership counseling and foreclosure prevention, and increase responsible lending in the city.”

African Americans comprise 56 percent of Washington, DC’s households but all lenders in the market as a group made just 18.5 percent of their loans in Washington, DC to African Americans. All lenders in the market as a group issued a percentage of loans (22.9 percent) to LMI borrowers that was about half the percentage of the LMI share of the city’s households (40.9 percent). Female headed households were 47.9 percent of the city’s households but women received just 31.4 percent of all loans issued in the city.

See here for the full study.

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.

May 15, 2013

Today, the National Community Reinvestment Coalition (NCRC) released an analysis of home and small business lending in Washington, DC. The analysis of 2011 Home Mortgage Disclosure Act data on lending from six major banks and the lending market as a group shows racial and gender disparities in home lending.

The analysis found that all lenders in the Washington, DC market as a group made a disproportionately low percentage of home loans to African-Americans, low- and moderate-income (LMI) borrowers and female borrowers.

Download the paper here.

Washington, DC – Today, the National Community Reinvestment Coalition applauded the nomination of Representative Mel Watt to lead the Federal Housing Finance Agency (FHFA).

NCRC President and CEO John Taylor made the following statement:

“Mel Watt is an excellent choice to lead the FHFA. He is well qualified and sure to be a strong leader for the agency. We urge the Senate to swiftly move to confirm him."

"With Mel Watt as FHFA Director, the President would finally have a leader in that agency who will be a member of the team and do what is best for American taxpayers and homeowners. For too long FHFA’s Acting Director, Ed DeMarco, has obstructed recovery in the housing market by refusing to allow principal reductions at the Government Sponsored Enterprises (GSEs). He must be replaced. Principal reductions at the GSEs will accelerate the rise in property values and help to stabilize the housing market.”

In August of 2012, NCRC and hundreds of community organizations sent a letter to the White House calling on President Obama to recess appoint an FHFA Director.

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.

Washington, DC – Tonight, at the National Community Reinvestment Coalition's (NCRC) 2013 Annual Conference, NCRC will present its National Achievement Awards, and honor leaders in expanding fair access to financial services. The awards ceremony will be hosted by Dr. Julianne Malveaux, and will feature remarks from John Trasviña, Assistant Secretary for Fair Housing and Equal Opportunity at the U.S. Department of Housing and Urban Development.

“The NCRC awards dinner is a wonderful opportunity to recognize some of the excellent work that is being accomplished in our field,” said NCRC President and CEO John Taylor. “This year’s winners are a truly exceptional group, and we are proud to honor them for their achievements in community reinvestment, community empowerment and expanding fair and equal access to credit and capital.”

This year’s awardees are:

Dave Snyder, Legal Services Advocacy Project of Mid-Minnesota Legal Aid, for the National Community Reinvestment Award

This award recognizes the individual who through their work over the past year has best exemplified the ideals and values of the community reinvestment movement and economic justice.

Avis Holmes, Detroit Non-Profit housing Corporation, for the Senator William H. Proxmire Award

This award recognizes the individual whose life’s work exemplifies the spirit and work of Senator Proxmire’s contributions to economic mobility. Senator Proxmire was the author and lead sponsor of the Community Reinvestment Act.

California Coalition for Rural Housing, for the Representative James Leach Award

This award recognizes the most outstanding rural non-profit organization that best promotes fair and equal access to credit & capital and/or contributes the most in their community towards promoting wealth-building in traditionally underserved populations.

Woodstock Institute, for the James Rouse Award

This award recognizes the most outstanding urban non-profit organization that best promotes fair and equal access to credit & capital and/or contributes the most in their community towards promoting wealth-building in traditionally underserved populations.

Gaining Ground, for the Community Empowerment Film Award

This award honors independent filmmakers whose work focuses on economic equality, community empowerment, financial inclusion, neighborhood revitalization, and job development.

To learn more about NCRC's annual conference, visit here.

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.

Washington, DC – Today, the National Community Reinvestment Coalition (NCRC) applauded the Consumer Financial Protection Bureau’s (CFPB) announcement that it will regulate indirect auto lenders under the Equal Credit Opportunity Act (ECOA). Indirect auto lending is auto lending provided through dealerships from third party lenders. NCRC President and CEO John Taylor made the following statement:

“We applaud the CFPB for this announcement. Auto lending is an area where consumers have long been exposed to and victim to rampant discrimination and disparate treatment. The CFPB’s regulation of auto lending is a highly welcome development. For far too long, this realm has been largely unscrutinized by federal regulators.”

“Consumers will benefit from CFPB’s scrutiny of dealer markup and compensation policies and other practices that can be discriminatory. The fact that the CFPB will be regulating in this area is a very positive thing.”

“Yet again, the CFPB has demonstrated their attentiveness to pressing consumer issues, and shown true vigilance in working to ensure a more equitable financial marketplace for consumers. It should be clear to all that there is a new regulatory cop on the beat, looking out for the American public.”

CFPB Director Richard Cordray will give a keynote address at the National Community Reinvestment Coalition’s Annual Conference on Friday, March 22 at 8:00 a.m. NCRC’s Annual Conference is March 20-23 at the Capital Hilton Hotel in Washington, DC. This event is open to press. For more information, please contact Eric Hersey at This e-mail address is being protected from spambots. You need JavaScript enabled to view it or 202-524-4880.

Washington, DC -- On March 20-23, the National Community Reinvestment Coalition will hold its annual conference, and bring together hundreds of community organizations from across the nation. This year’s conference theme is “A Just Economy: Building Community Prosperity from the Ground Up.”

“At the 2013 NCRC annual conference, community organizations from across the nation will come together to advance a blueprint for community prosperity,” said NCRC President and CEO John Taylor.

“The housing crisis and the Great Recession have caused devastating financial damage across the country – and low- and moderate-income communities and communities of color bore the brunt of it. At our conference we come together with the goal of promoting a more just economy with fair and equal opportunity for all. We know that innovation and constructive, equitable solutions to the challenges we face must come from the concerted efforts and coordination of grassroots community members. Together, we will call upon Congress to put community interests first.”

Featured speakers at this year’s conference include: Richard Cordray, Director of the Consumer Financial Protection Bureau, Shaun Donovan, Secretary of the U.S. Department of Housing and Urban Development, Sarah Bloom Raskin, Federal Reserve Board Governor, Thomas Curry, Comptroller of the Currency, Martin Gruenberg, FDIC Chairman, Dr. Julianne Malveaux, and more.

The conference also features workshops and state-of-the-art training to give NCRC’s members and conference participants the tools to implement change in their communities. For more information visit here.

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. 

Washington, DC – Today, the National Community Reinvestment Coalition called upon bank regulators to block Bank of Hawaii’s planned exit from American Samoa. Bank of Hawaii plans to close their two branches in American Samoa after over forty years of business, leaving no American banks and only one deposit-taking institution in the territory.

Yesterday, in a letter to the Federal Reserve Bank of San Francisco, Bank of Hawaii’s primary regulator, the National Community Reinvestment Coalition called for the Federal Reserve Bank to hold hearings on the matter and ultimately block the Bank of Hawaii from closing their branches in American Samoa, at least until a satisfactory transition plan is put in place that will ensure access to capital, credit and banking services. In the letter, NCRC called upon the regulator to hold public hearings in Hawaii and American Samoa as an initial step so that those affected by the closings can express their concerns to regulators and bank officials.

NCRC President and CEO John Taylor made the following statement:

“Bank of Hawaii holds $97 million in deposits in American Samoa. Their exit would badly curtail the availability of basic banking services and access to credit, and have a serious negative impact on the community. We urge the regulators to step in to ensure that this community is not left behind. There is absolutely no public benefit that would justify the regulators approving these closures.”

See here for the full letter.

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.