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Community & Workforce Development

Washington, DC – Today, in reaction to the U.S. Senate Banking Committee’s vote on Senator Richard Shelby's bill "The Financial Regulatory Improvement Act of 2015," NCRC President and CEO John Taylor made the following statement:

“Chairman Shelby's discussion draft undermines some key provisions enacted as part of the Dodd-Frank law that ensure the safety and soundness of the nation's banking system and to extend consumer protections. It also includes a number of stealth provisions on the Government Sponsored Enterprises that limit the paths forward for the housing finance system. As an alternative, Ranking Member Brown has put forth a more measured regulatory relief proposal that includes some additional consumer protections."

"The U.S. Senate should tread very lightly on diminishing the role Fannie Mae and Freddie Mac play in furthering homeownership in America, a role more important than any two other institutions. Congress and the White House have already taken a major step by prohibiting predatory lending via Dodd-Frank. The next step is promoting greater transparency in lending and increasing capital reserves for Fannie and Freddie. The worst thing the Senate can do is eliminate Fannie and Freddie altogether and hope that the private market will step in to take their place. Rather than increasing homeownership, eliminating Fannie and Freddie would actually reduce it."

On May 12, NCRC released a statement opposing the bill.

On May 20, NCRC sent a letter to the Banking Committee’s Chairman, Senator Shelby, and Ranking Member, Senator Sherrod Brown, outlining its opposition.

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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, in reaction to Senator Richard Shelby's release of a discussion draft of "The Financial Regulatory Improvement Act of 2015," NCRC President and CEO John Taylor made the following statement:

"This bill is far from regulatory improvement – it in fact represents regulatory regression. It would strip away key consumer safeguards and sensible protections put in place to prevent another financial crisis."

"Recently the nation faced one of the greatest economic crises in its history, with costly consequences for communities across the country. The impact of that crisis is still felt in many neighborhoods today. Dodd-Frank was put in place to ensure that Wall Street could not throw the country into the economic abyss again. This proposed rollback of several elements of the Dodd-Frank reforms is simply unconscionable, and would come at the expense of the safety and soundness of the U.S. financial system."

"There is a long list of issues that the Senate Banking Committee could address to ensure a financial system that best serves working families. They should go back to square one with this bill."

"The desire for homeownership by working Americans is still very much a part of the American dream. The Senate should pass legislation that helps to realize that dream, not legislation that serves to inhibit it."

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.

Monday, May 11, 2015 10:51 AM

Bank Branches in Baltimore, Maryland

 

Today, the National Community Reinvestment Coalition (NCRC) released a series of maps showing the locations of bank branches and "alternative financial services providers" in Baltimore, Maryland. The maps show bank branch and "alternative financial services provider" locations based on income level and percentage of minority population. The maps show 122 bank branches in Baltimore, Maryland and 166 "alternative financial services providers." NCRC created the maps for the Middle Class Prosperity Project, a collaborative effort by Senator Elizabeth Warren, Ranking Member of the Subcommittee on Economic Policy, and Rep. Elijah E. Cummings, Ranking Member of the House Committee on Oversight and Government Reform, to focus greater congressional and public attention on the challenges facing the middle class, and to formulate and implement concrete policy changes in order to address these challenges.

Download the maps

Washington, DC –Today, in reaction to the U.S. Senate's confirmation of Loretta Lynch as U.S. Attorney General, the National Community Reinvestment Coalition's (NCRC) Chief of Membership and Policy Jesse Van Tol made the following statement:

“We congratulate Loretta Lynch on her confirmation as U.S. Attorney General. As her stellar record demonstrates, Ms. Lynch will be a tough defender of the issues important to our communities, including protecting voting rights from further erosion and ensuring fair access to sound financial services.”

Last week, NCRC and other community groups sent a letter to Senate Majority Leader Mitch McConnell calling on him to hold a Senate vote on Ms. Lynch’s confirmation. The full letter and list of signatories can be read here.

Earlier this month, the Huffington Post published an op-ed by NCRC’s President and CEO John Taylor supporting Ms. Lynch’s confirmation.

Last month, at the 2015 NCRC Annual Conference, Rev. Dr. William Barber II, President of the North Carolina NAACP, delivered a keynote address supporting Ms. Lynch’s confirmation


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, in response to the Federal Housing Administration’s (FHA) announcement about its changes to the Distressed Asset Stabilization Program (DASP), the National Community Reinvestment Coalition’s (NCRC) Chief of Community Development Ed Gorman made the following statement:

“We applaud the FHA for taking these significant steps to improve homeownership opportunities in neighborhoods hard hit by the foreclosure crisis. NCRC and its member organizations have advocated to the FHA for improving the number and quality of Neighborhood Stabilization Outcome (NSO) targeted loan pools. We’re pleased that the FHA listened to these concerns and adopted several of our key recommendations. While we still remain concerned that some sales may result in foreclosures or purchases by Wall Street businesses, we look forward to working with the FHA to stabilize neighborhoods and keep more people in their homes. We urge the FHFA to consider similar measures in their guidance on non-performing loan sales.”

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, community groups led by the National Community Reinvestment Coalition (NCRC) called upon Senate Majority Leader Mitch McConnell hold a full Senate vote on the confirmation of Loretta Lynch for U.S. Attorney General. Ms. Lynch’s wait for confirmation, presently over five months, is at historic levels, and a majority of the Senate now supports her confirmation.

“Having strong leaders as regulators, and as Attorney General, is imperative for our collective well-being as a nation,” said NCRC President and CEO John Taylor. “It's eminently clear that Loretta Lynch is such a leader. She is fully qualified and would make an excellent Attorney General. It’s time for Senator McConnell to bring the confirmation to a vote and allow our country to move forward.”

The full letter and list of signatories is below.

April 17, 2015

The Honorable Mitch McConnell 
Majority Leader 
U.S. Senate 
U.S. Capitol Building, S-230 
Washington, DC 20510 

Dear Majority Leader McConnell: 

We, the undersigned members and allies of the National Community Reinvestment Coalition (NCRC) - an association of more than 600 community-based organizations supporting strong fair housing and fair lending laws - are writing to urge you to support Loretta Lynch to be Attorney General of the United States and to schedule a immediate confirmation vote on the Senate floor. Ms. Lynch has a distinguished career as a federal prosecutor, and her record of service has garnered praise from both Democrats and Republicans. In recognition of her stellar credentials, the U.S. Senate has unanimously confirmed her to lead one of the most important U.S. Attorney’s Offices in the country on two separate occasions. Loretta Lynch is uniquely qualified to serve as the nation’s top law enforcement officer, and she should be confirmed without further delay. 

For nearly 25 years, NCRC has been a leader in ensuring that the nation’s fair housing laws are enforced and that underserved communities across the country have access to mortgage credit and small business lending. We believe that Loretta Lynch is an outstanding candidate for this position. In addition to her personal background growing up in North Carolina during the civil rights struggles of the 1960s, she will draw on a rich background from her tenure in public service, private practice and academia. She has successfully prosecuted some of the most high-profile criminal and civil rights cases in New York. She has also served as Chair of the Attorney General’s Advisory Committee, and has grappled with important issues facing the Department of Justice nationwide. She would bring steady leadership to an agency that is critically important to the entire civil and human rights community. 

Loretta Lynch knows the Department of Justice, she has the experience, and she has demonstrated the leadership. We join with many voices across the nation and Senators on both sides of the aisle in urging support for her nomination and for a vote on her confirmation to be Attorney General on the Senate floor forthwith. 

Sincerely,

 

The National Community Reinvestment Coalition

 

ACTS, CDC

Advisor to Illinois General Assembly Chicago Educational Facilities

Advocates for Neighbors

AEO

Affordable Homeownership Foundation

All Wings of Change

Allegheny Land Trust

Anacostia Economic Development Corporation

Another Chance of Ohio

Ariva, Inc.

Asian Pacific Policy and Planning Council

Baltimore Neighborhoods, Inc.

Binghampton Development Corporation

Bloomfield-Garfield Corporation

Buffalo Urban League

Building Alabama Reinvestment

California Coalition for Rural Housing

California Reinvestment Coalition

California Resources and Training

CASA of Oregon

Center for Community Justice and Advocacy

Center for Fair Housing, Inc.

Center for New York City Neighborhoods

Central Baptist CDC

Centre for Homeownership & Economic Development Corporation, Inc

Chicago Community Loan Fund

City of Gary Community Development Division

City of Jackson

City of Lansing Human Relations & Community Services Department

CNBIC LLC

Coalition for Nonprofit Housing and Economic Development

Coastal Enterprises, Inc.

College Hill Church Social Justice and Peacemaking

Columbus Urban League

Common Wealth Development, Inc.

Community Assistance Provider

Community First, Inc.

Community Housing Innovations, Inc.

Community Improvement Program

Concerned Citizens

Consumer Advisory Board

Delaware Community Reinvestment Action Council

Detroit Non-profit Housing Corporation

Disability Network/Lakeshore

Each One Teach One, Inc.

Effective Communities Project

Emory Beacon of Light, Inc.

Equal Rights Center

Equality Ohio

Fair Housing Center of Metropolitan Detroit

Fair Housing Council of Northern NJ

Faith Fellowship Community Development Corporation

Family Tree, Inc.

First Baptist Church Lauderdale

GAP Community Development Resources, Inc.

Gem City-Hilltop Community Development and Housing, Inc.

Genesis Housing Development Corporation

Global Network Community Development Corp

GNO Tax and Business Center LLC

GO Northwest Housing Resource Center

Good Neighbor Foundation

Greater Cincinnati Urban League

Greater Rochester Community Reinvestment Coalition

Greenville County Human Relations Commission

Hamilton County Community Reinvestment Group

Harlingen Community Development Corporation

Hartford Community Loan Fund, Inc.

Havenwoods Economic Development Corp

Hidalgo Community-Based Consulting

Holland Human Relations Commission

Housing Action Illinois

Housing and Economic Rights Advocates

Housing Assistance Council

Housing Options & Planning Enterprises, Inc.

Inland Fair Housing and Mediation Board

Inner City Christian Federation

Lake View Towers Resident Association, Inc.

Lakeside Community Development Corporation

Latino Economic Development Center

Lawrenceville United

Legal Aid Society of Palm Beach County

Mammoth Lakes Housing

Metropolitan Milwaukee Fair Housing Council

Metropolitan St. Louis Equal Housing Opportunity Council

Mexican War Streets Society

Miami Valley Fair Housing Center

Miami Valley Urban League

Michigan CRA Coalition

Milwaukee Habitat for Humanity

MTFN

Mutual Housing California

Mystic Genius, LLC

National Association for Community Empowerment

National Fair Housing Alliance

National Housing Law Project

National Trust Community Investment Corporation

Neighborhood Housing Services of Cleveland

Neighborhood Housing Services of LA County

Neighborhood Legal Services Michigan

New Jersey Citizen Action

New Orleans Neighborhood Development Foundation

New Visions Community Development Corporation

NOAH

Nonprofit Center of Milwaukee

North Carolina Branch of NAACP

Northwest Indiana Reinvestment Alliance

Northwest Side Housing Center

Oak Park Regional Housing Center

Ocean County Long Term Recovery Group

Ohio CDC Association

Operation Better Block, Inc.

Oregon Opportunity Network

Our Communities Our Children

Pace School

PACT

Partners in Community Building, Inc.

PathStone Enterprise Center

Pittsburgh Community Reinvestment Group

POWER, Inc.

Pratt Area Community Council

PRO-ACT

Project LIFT

Puentes New Orleans, Inc.

PYT Funds

R.A.A. - Ready, Aim, Advocate

Rebuild Durham Inc.

Renaissance Entrepreneurship Center

Renewed, Inc.

Reverse Mortgage Suitability and Abuse Consultant

RISE Foundation

Sabin CDC

Select Milwaukee

San Francisco Housing Development Corporation

South Carolina Fair Housing Center

South Philadelphia HOMES, Inc.

Southwest Neighborhood Housing Services

St. Vincent de Paul Society of Lane County, Inc.

Sus Finanzas

Synergistic Mediation and Consulting

Tenants Together

Texas Small Farmers & Ranchers Community Based Organization

The Baltimore Redevelopment Action Coalition for Empowerment

The Black Women' Center

The Carl Stokes Brigade

The Construction Chick Builders

The Urban League of Greater Southwestern Ohio

To Each His Home Community Redevelopment

TYL Homeownership Preservation Services, LLC

U2Cando

Union Miles Development Corporation

United South Broadway Corporation

Unity EDC

Urban League

Urban League of Greater SW Ohio

Voices for Racial Justice

Waterloo Commission on Human Rights

White Earth Investment Initiative

White Oak Foundation, Inc.

Wilkinsburg Community Development Corporation

Women's Economic Ventures

Woodstock Institute

Working In Neighborhoods

cc: The Honorable Harry Reid, Minority Leader, U.S. Senate

Washington, DC – Today, in reaction to the Federal Housing Finance Agency’s (FHFA) announcement of small adjustments to the fees it charges lenders on loans guaranteed by the Government-Sponsored Enterprises (GSEs), the National Community Reinvestment Coalition’s (NCRC) Chief of Membership and Policy Jesse Van Tol made the following statement:

“The FHFA has taken some modest steps in the right direction, but they do not go nearly far enough. We are disappointed that FHFA did not take this opportunity to substantially reduce guarantee fees. A significant reduction in guarantee fees would stimulate the housing market and help to increase access to home loans for low- and moderate-income borrowers.”

“While the elimination of adverse market fees was appropriate, it is clear that there is room for FHFA to safely and soundly direct a reduction in the overall fees charged by the GSEs. The current guarantee fee pricing structure overcharges for the credit risk the GSEs currently bear. Friday’s change was largely about balancing the politics of the situation, not the economics.”

“If you examine the credit risk and administrative costs built into the guarantee fees, they are much lower on average than what the GSEs are actually charging. Additionally, recent risk-sharing deals show that the private market is pricing credit risk comparable to that taken by Fannie Mae and Freddie Mac at levels well below the guarantee fees the GSEs are charging.”

FHFA announced Friday that it will remove the 25 basis point upfront adverse market charge for all states. The charge was put in place during the height of housing crisis.

In January, NCRC called on FHFA to reduce guarantee fees.

In December of 2014, NCRC applauded FHFA Director Mel Watt’s decision to fund the National Housing Trust Fund and the Capital Magnet Fund.

In October of 2014, NCRC called upon FHFA to strengthen its proposed affordable housing goals and applauded FHFA’s revised and clarified Representation and Warranty framework.

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 – On March 25, at the National Community Reinvestment Coalition's (NCRC) 2015 Annual Conference, NCRC presented its National Achievement Awards and honored leaders in expanding fair access to financial services. The awards ceremony featured remarks from Gustavo F. Velasquez, Assistant Secretary for Fair Housing and Equal Opportunity at the U.S. Department of Housing and Urban Development, and John Taylor, NCRC’s President and CEO. The Master of Ceremonies was Robert Dickerson, Jr., Chair of NCRC’s Board of Directors and Executive Director of the Birmingham Business Resource Center.

“The annual NCRC awards dinner is a wonderful opportunity to recognize leaders in our field for their excellent work,” said NCRC President and CEO John Taylor. “We are proud to honor this year’s winners for their outstanding achievements in community reinvestment and social and economic justice.”

The recipients of the 2015 National Achievement Awards are:

St. Louis Equal Housing and Community Reinvestment Alliance (SLEHCRA), for the National Community Reinvestment Award

The National Community Reinvestment Award recognizes the organization that through their work over the past year has best exemplified the ideals and values of the community reinvestment movement and economic justice.

CASA of Oregon, for the Representative James Leach Award

The Representative James Leach Award recognizes the rural non-profit organization that best promotes fair and equal access to credit and capital and contributes the most in its community toward promoting wealth building in traditionally underserved populations.

Josh Silver, Development Manager for Manna, Inc. for the Senator William Proxmire Award

The Senator William H. Proxmire 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.

To watch SLEHCRA and CASA of Oregon’s award presentations and acceptance speeches, click here.

To watch Josh Silver’s award presentation and acceptance speech, click here.

Director of Policy & Government Affairs
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