California is in the midst of an affordable housing crisis, necessitating 1.2 million affordable homes. To combat this, they’ve adopted various policies, including density bonuses, zoning reform, and streamlined construction processes.
What California Is Doing To Address Its Housing Needs Read More »
Latino population growth continued over the past decade, rising by about 24% to 62.5 million in 2021. In 2020, Latinos represented 18.7% of the US population, accounting for about half (52%) of total US population growth over the decade. Latinos have a greater share of the growth than any other racial or ethnic group.
Racial Wealth Snapshot: Latino Americans And The Racial Wealth Divide Read More »
Asian Americans are the fastest growing racial or ethnic group in the United States, and are predicted to be the nation’s largest immigrant group by 2050. Asian Americans are forecast to exceed the Hispanic share of the immigrant population and to make up 36% of all US immigrants by 2055.
Racial Wealth Snapshot: Asian Americans And The Racial Wealth Divide Read More »
There has been a steady increase in foreign-born immigrants throughout the decades. In 1980, foreign-born immigrants accounted for only 5% of the US population. According to the 2020 Current Population Survey (CPS), immigrant parents and their US-born children make up 85.7 million of the US population, or around 26% of the US population.
Racial Wealth Snapshot: Immigration And The Racial Wealth Divide Read More »
Columbia represented case study in a new era of desegregation for American housing in the 1960s. These efforts at desegregation focused on easing the division of Black and White residential neighborhoods. While there has been exponential growth of the Asian and Hispanic communities of Columbia during the past three decades, this report focuses on the economic status of the Black community since development.
KeyBank disregarded commitments to improve lending to Black homeowners and potential homeowners. Federal data shows KeyBank now ranks at the bottom among the 50 largest mortgage lenders in the nation in the percentage of its borrowers who are Black, live in majority-minority or LMI neighborhoods and are people of color.
REDLINED: KeyBank Continues to Fail Black America Despite Its Commitments to Improve Read More »
Arts and culture are an important component of overall quality of life for every person on earth. Access to cultural resources and connections – or the lack thereof – shapes many aspects of our nation’s society. It also influences economic outcomes, as economists who study the role of “human capital” in wealth-building and opportunity creation have identified.
Investing in Culturally-Significant Businesses and Community Growth Read More »
The Supreme Court’s decision to strip away the constitutional right to an abor
Destruction Of Abortion Rights Is An Attack On Lower-Income People Read More »
Supreme Court Justice Samual Alito’s leaked opinion indicated that Roe v. Wade is about to be overturned, and with it the broader progress America has made on women’s health and wealth.
Overturning Roe and the increased economic hardship to come Read More »
The National Community Reinvestment Coalition (NCRC), Columbia Bank (Columbia) and Umpqua Bank (Umpqua) announced an $8.1 billion Community Benefits Plan (Plan) that builds on both bank’s commitment to advance economic opportunity for individuals and support small business formation in historically underserved communities throughout its footprint.
The final FedNow rules announced today by the Federal Reserve Board lack protection against scams and fraud, which, if unaddressed, could leave consumers exposed when the payment service launches next year, warns advocates at the National Consumer Law Center, National Consumers League, and National Community Reinvestment Coalition (NCRC).
New FedNow Rules Lack Fraud Protection Read More »
We look forward to continuing to work with Jerome to finalize new CRA rules that will increase lending, investments and services to low- and moderate-income communities and communities of color.
NCRC Congratulates Jerome Powell for Second Term as Federal Reserve Board Chair Read More »
U.S. Bancorp today announced a more than $100 billion, five-year community benefits plan, developed in partnership with the National Community Reinvestment Coalition (NCRC) and the California Reinvestment Coalition (CRC), as part of the planned acquisition of MUFG Union Bank.
U.S. Bancorp, NCRC, CRC Announce $100 Billion Community Benefits Plan Read More »
The Federal Reserve should require all financial institutions seeking direct access to the Fed’s central bank payment systems to obtain deposit insurance and to be subject to consolidated supervision.
We’re thrilled to announce Anand Giridharadas will be a keynote speaker for the 2022 Just Economy Conference! Giridharadas is the author of the international bestseller Winners Take All: The Elite Charade of Changing the World, The True American: Murder and Mercy in Texas, and India Calling: An Intimate Portrait of a Nation’s Remaking. A former
2022 Just Economy Conference Featured Speaker: Anand Giridharadas Read More »
