The formal segregation of housing finance imposed by 20th century redlining was officially withdrawn decades ago. Yet, the lines of those old redlining maps remain etched into the landscape of many American cities. Recently, we’ve been told by skeptics, like some academics and banks, that redlining is ancient history. That the federal and banking industry […]
Historic Redlining’s Effects on Home Mortgages Today Read More »
Nestled in the heart of downtown Chicago, the Woodstock Institute has been working to advance economic justice and racial equity within financial systems at the local, state and national levels for over 50 years. The organization was founded in 1973 by Chicago philanthropists Sylvia and Aaron Scheinfeld as the program arm of the couple’s foundation
Investing in underserved communities takes more than a promise – it also takes a plan to keep that promise. The National Community Reinvestment Coalition (NCRC) has developed multiple techniques to ensure that bank commitments translate into meaningful change for historically disadvantaged neighborhoods and that the people who live there, and organizations that service them, have
All Americans deserve to live in inclusive communities where everyone has access to the resources that their communities desperately need. But a federal program designed to make that happen is going underused by local officials who often aren’t aware of its existence. If properly utilized, the program’s provisions towards creating more equitable housing outcomes would
How Municipalities Can Better Leverage AFFH’s Community Engagement Requirement Read More »
Hospitals are the largest employers in many cities, serving as major economic anchors for their communities. When a hospital merges with a local competitor or downsizes, the ripple effects can harm local jobs, small businesses and even property values. If administrators decide to close a hospital, it can leave a city with no full-service medical
First Do No Harm: How Hospital Mergers Hurt Communities Read More »
Through an inclusive, community-centered approach, NCRC member Pittsburgh Community Reinvestment Group (PCRG) is working to revitalize Allegheny County’s single family housing market and put homeownership back in the hands of families through their policy advocacy and financial education efforts. PCRG began in 1988 as a coalition of local nonprofits dedicated to addressing racially discriminatory practices
Data on community development lending and investing is lacking on a census tract level, making the information incomplete and difficult to assess. However, this is not the case for home mortgage lending data and small business loan data. If the federal regulatory agencies truly want to reform CRA, the first place to start is with better data. It would be a win-win for both banks and community organizations by facilitating identification of underserved areas. It would also further CRA’s objectives of directing access to credit and capital where it is needed most.
Increasing community development financing data a necessary component for CRA reform Read More »
IBERIABANK announced today a community benefits plan with the National Community Reinvestment Coalition (NCRC) and its community-based members and partners across the southeastern region of the United States.
“IBERIABANK has been actively engaged in meaningful conversations with our members to ensure that they are well positioned to meet the needs of underserved communities. This community benefits commitment is the gold standard and raises the bar for all banks on what constitutes a forward thinking community commitment,” said NCRC President and CEO John Taylor. “We very much appreciate the strong collaboration demonstrated by IBERIABANK’s executive leadership.”
Iberiabank and NCRC celebrate $6.72 billion commitment to community development Read More »
Washington, DC – Today, in reaction to the Minneapolis City Council’s passage of a local responsible banking ordinance, National Community Reinvestment Coalition (NCRC) President and CEO John Taylor made the following statement: online pharmacy buy lariam online no prescription “We applaud the passage of a local responsible banking ordinance in Minneapolis. We congratulate NCRC member
NCRC Applauds Passage of Local Responsible Banking Ordinance in Minneapolis Read More »
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
NCRC Community Development Fund Receives CDFI Certification Read More »
Washington, DC — Today, the National Community Reinvestment Coalition (NCRC) applauded the passage of a local responsible banking ordinance in San Diego, California. “Local governments across the nation are continuing to pass measures to induce banks to invest in our communities in a responsible way,” said NCRC President and CEO John Taylor. “This is
NCRC Applauds Passage of San Diego Responsible Banking Ordinance Read More »
Organization Praises Web Portal as Complete Solution for Submitting Loan Modification Applications (WASHINGTON, DC) – HOPE LoanPort™ announced today that the National Community Reinvestment Coalition (NCRC), an association of more than 600 community-based organizations, is endorsing its web-based loan modification portal. Both the NCRC and many of its members are already using the groundbreaking new
NCRC Partners with HOPE LoanPort™ to Assist Homeowners Read More »
