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Community & Workforce Development

Washington, DC – Today, as U.S. Department of Housing and Urban Development Secretary Julian Castro testified before the U.S. House of Representatives Committee on Financial Services in a hearing titled “The Future of Housing in America: Oversight of the Federal Housing Administration,” NCRC President and CEO John Taylor applauded recent changes to FHA mortgage insurance premiums.

“It’s clear that FHA has weathered the storm from the housing crisis, and can resume its role of creating homeownership opportunities for creditworthy families working their way up the economic ladder. Throughout its history, FHA has been instrumental in helping working families become homeowners and build wealth. The recent move to lower mortgage insurance premiums by 0.5 percentage points for FHA loans will be very helpful to hundreds of thousands families aspiring to become homeowners and the economy at large.”

“Homeownership is the single most effective means for working people to build wealth and enter the middle class. This change to FHA mortgage insurance premiums will open the door for more creditworthy families across the U.S to obtain a home via a responsible FHA loan. ”

NCRC applauded the announcement of the reduced FHA mortgage insurance premiums in January 2015.

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, as Federal Housing Finance Agency (FHFA) Director Mel Watt testified before the House Financial Services Committee on FHFA’s recently announced allocation of funds to the National Housing Trust Fund and Capital Magnet Fund, NCRC President and CEO John Taylor reaffirmed NCRC’s support of the decision to capitalize the funds.

“NCRC is very supportive of Director Watt’s move to fund the Housing Trust Fund and Capital Magnet Fund. The Housing Trust Fund is a key tool to help address the growing crisis facing low-income renters, and FHFA is right to ensure that it is funded. This is simply the right thing to do, and good for our economy and all Americans.”

"We’re facing the worst rental affordability crisis in our nation’s history. According to the Joint Center for Housing Studies at Harvard University, over 20 million renters (almost 50 percent of renting households) across the nation are cost-burdened. For extremely low income households, that number rises to 80 percent, with over seven million households spending half of their income on rent. The crisis is being driven by a dramatic reduction in the homeownership rate caused by the foreclosure crisis, rising rental costs and stagnant or falling renter wages, as well as the fact that many potential first time homebuyers are blocked from becoming homeowners because of an overly restrictive credit box. The steps that FHFA is taking to address these issues are necessary and in keeping with the public purpose of the government-sponsored enterprises (GSEs) to meet the housing needs of our communities."

In December of 2014, NCRC applauded Watt’s decision to fund the National Housing Trust Fund and Capital Magnet Fund. In October of 2014, NCRC called upon FHFA to strengthen its proposed affordable housing goals. NCRC has long called on FHFA to capitalize the Housing Trust Fund.

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.

Special Assistant to the Executive Office
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Senior Regional Organizer
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Special Assistant to the Chief of Membership and Policy
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Regional Coordinator, HCN
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Thursday, January 22, 2015 05:09 PM

G.R.O.W.T.H Initiative

G.R.O.W.T.H Initiative

The Generating Real Opportunities for Work Through Housing (GROWTH) Initiative is NCRC’s response to our members’ requests for greater assistance in preserving affordable homeownership opportunities for and in low-and moderate-income (LMI) neighborhoods.

GROWTH is a national, investor-community collaborative centered around the NCRC Housing Rehab Fund (“HRF”), which will be a $50 million dollar real estate fund that will provide Community Reinvestment Act (CRA) benefit to the fund’s investors.  GROWTH will also address two critical needs in our communities: job training/placement and housing/credit counseling for homebuyers.

GROWTH will accomplish the mission by identifying single family houses in low/moderate income neighborhoods in various parts of the country that will be rehabbed into quality, affordable homes utilizing local, skilled labor. The homes will be sold, or leased on a short-term basis (24-36 months), to LMI neighborhood residents, all of whom will receive pre- and post-purchase housing counseling and financial coaching.

To help create jobs, GROWTH will create a pre-apprenticeship program where local residents will work side by side with GROWTH’s General Contractors (primarily community development corporations) to rehabilitate the houses. The workforce component will create jobs in the construction trades, while building skills for a viable future career for LMI residents.

The GROWTH project targets LMI communities where private capital investment has been absent. GROWTH will help revitalize communities by: bringing in private capital, rehabbing houses, increasing access to homeownership for neighborhood residents, empowering residents through housing counseling and financial coaching, creating job opportunities and providing skills for viable, future careers to participants of the pre-apprenticeship programs.

Goals for the program include:

  • Acquire 2,000+ homes and then renovate and sell or lease them via a rent-to-own model
  • Stabilize neighborhoods by creating a critical mass of rehabbed homes
  • Create  new construction trade jobs

Mr. Ed Gorman III, NCRC’s Chief Community Development Officer, is leading the GROWTH Initiative.

The NCRC Center for Economic Justice is looking to rent office space at a prime location in downtown Washington, DC. This office space is perfect for DC-based non-profits, local advocacy groups, and other local organizations that are interested in an affordable location in the nation’s capital.

The business address for the office space is: 727 15th Street, NW, Washington, DC 20005.

The office space is close to the McPherson Square/Metro Center metro stops, as well as the White House. This prime location also gives you close access to like-minded organizations, as well as organizations within the building such as the DC MBDA Business Center, the DC Women’s Business Center, and NCRC’s Housing Counseling Network.

Rent is competitive. Amenities include:

  • Access to State-of-the-Art Conference Facility
  • Secure Building
  • Janitorial Services

Seventh Floor: 2,500 sq. ft.

Please contact for Doug Wilberding at 202-628-8866 or This e-mail address is being protected from spambots. You need JavaScript enabled to view it for information about leasing availability.

Washington, DC – Today, in reaction to President Barack Obama’s State of the Union Address, NCRC President and CEO John Taylor made the following statement:

“We commend President Obama for his focus on helping working families and combating income inequality. However, this inequality will always persist if we don’t ensure that all creditworthy Americans have fair and equal access to credit, capital and banking services. The evidence is clear: women, minorities and working-class Americans who are creditworthy are being unfairly locked out from critical financial services. That must change.”

“Responsible credit is an essential wealth-building mechanism. It’s what allows an entrepreneur to start or grow his or her business, and what allows a working family to enter homeownership and join the middle class. So it is critical that we make sure that the private sector is investing in our communities and making small business loans, mortgages and banking services available to those who are creditworthy.”

“It is also important to acknowledge that for many, the housing crisis continues. And while we are in the midst of a promising economic recovery as a nation, that recovery has not benefited all communities. In our work with our members throughout the country we see the continuing impact of the crisis every day. The challenges remain for the many Americans whose homes are underwater, or who are trying to become homeowners, or who are looking for living wage jobs. The communities hardest hit by the crisis, particularly communities of color and low- and moderate-income communities, continue to face the toughest challenges. We must work to make sure that communities hit hard by the foreclosure crisis are revitalized and not left behind. ”

On January 7, NCRC applauded President Obama’s announcement of a reduction in FHA mortgage insurance premiums, and called for further changes to increase the affordability of FHA loans.

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.

Wednesday, January 07, 2015 04:36 PM

NCRC Reacts to Reduction in FHA Premiums

Washington, DC – Today, in reaction to President Obama’s announcement that the Federal Housing Administration (FHA) will lower mortgage insurance premiums by 0.5 percentage points for FHA loans, NCRC President and CEO John Taylor made the following statement:

“We applaud President Obama for this positive step, which will be beneficial to working families striving to climb the economic ladder. Throughout its history, FHA has played a key role in helping working people to access homeownership and build wealth through equity. This reduction in FHA mortgage insurance premiums will serve to help make homeownership more affordable and attainable for many families. We are pleased that the administration is showing a commitment to homeownership opportunity.”

“Unfortunately, the administration has not yet eliminated the requirement that most FHA borrowers pay for mortgage insurance for the life of the loan. Typically for conventional loans, when borrowers reach a 20% equity threshold, they have the ability to cancel their mortgage insurance. For most FHA borrowers, this option does not exist. This unfair policy for FHA borrowers ultimately amounts to a poor tax. We call on the administration to end this recent practice.”

“In order stimulate the housing market and ensure broad access for creditworthy borrowers it is also critically important for the Federal Housing Finance Agency to reduce excessive guarantee fees and loan level price adjustments at Fannie Mae and Freddie Mac.”

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.

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