NCRC
Billions at risk in proposals to weaken the Community Reinvestment Act
A new study released today by the National Community Reinvestment Coalition (NCRC) found that banking industry proposed changes to the Community Reinvestment Act (CRA) would allow midsize banks to circumvent federal requirements to lend and invest in low and moderate income neighborhoods
Santander Announces “Inclusive Communities” Plan – A New $11 Billion, Five-Year Community Commitment
Santander US CEO Scott Powell today announced Santander’s “Inclusive Communities” plan, Santander Bank’s new $11 billion, agreement with the National Community Reinvestment Coalition (NCRC) to increase lending, community development, and charitable giving. The plan outlines Santander’s commitment to communities across its eight-state northeastern U.S. footprint for 2017 through 2021, during which time Santander will increase its Community Reinvestment Act (CRA) activity by 50 percent and triple its investment in charitable grants.
Community Organizations Celebrate First Financial’s $1.75 Billion Community Development Plan
First Financial Corp., a regional bank headquartered in Cincinnati, Ohio, has committed $1.75 billion to a Community Development Plan negotiated with the National Community Reinvestment Coalition and a coalition of community organizations in Ohio, Indiana and Kentucky.
40 years later, CRA remains a powerful tool to ensure banks do business with...
I grew up in Boston in the 1960’s, in public housing, across the street from a full-service bank branch. The bank was critical to the neighborhood until bank executives in downtown-Boston decided to discriminate against poor and working-class whites and racial minorities. Known as “redlining,” banks condemned whole neighborhoods and refused to make loans to people who lived there regardless of their credit worthiness
NCRC Statement on the U.S. Treasury’s Report
Today, in response to the U.S Treasury Department’s report on the financial system, NCRC’s President and CEO John Taylor made the following statement. “Obviously, we are disappointed by the Treasury report’s recommendations to repeal several key consumer protections.”
Affordable Housing Advocates and Small Lenders Join Together is Applauding Dir. Mel Watt Commitment...
Leaders of the National Community Reinvestment Coalition (NCRC), Community Home Lenders Association (CHLA), Community Mortgage Lenders of America (CMLA), Corporation for Enterprise Development (CFED), Leadership Conference on Civil and Human Rights, Leading Builders of America
NCRC Applauds FHFA Director Watt’s Call for GSEs to Retain Their Profits
In response to Federal Housing Finance Agency (FHFA) Director Mel Watt’s testimony before Congress warning of a possible bailout of the government-sponsored enterprises (GSEs) from the U.S. Department of Treasury and supporting retention of the GSEs' profits rather than turning them over to the U.S. Treasury, the National Community Reinvestment Coalition’s (NCRC) President and CEO John Taylor made the following statement.
NCRC and Community Groups Send Letter Urging FHFA and Treasury to Shore Up GSE...
Community groups led by the National Community Reinvestment Coalition (NCRC) sent a letter to Mel Watt, Director of the Federal Housing Finance Agency (FHFA) and Secretary of the U.S. Department of the Treasury Steven Mnuchin expressing concerns about the declining capital buffer at the government-sponsored enterprises Fannie Mae and Freddie Mac. The letter urges the FHFA to suspend dividend payments to the Treasury Department this month and allow the Enterprises to rebuild their capital buffers to avoid a draw on the U.S. Department of the Treasury’s commitment of taxpayer funding for any non-credit related losses
Northwest Bank, Buffalo Niagara Community Reinvestment Coalition, and National Community Reinvestment Coalition Announce $101.97...
Today, in an agreement reached with the Buffalo Niagara Community Reinvestment Coalition (BNCRC), a National Community Reinvestment Coalition (NCRC) community-based coalition in the Buffalo, NY metropolitan area, Northwest Bank announced a commitment of $101.97 million for community development, including lending and investments.
NCRC Statement on the Confirmation of Ben Carson as HUD Secretary
Today, in response to the U.S. Senate’s confirmation of Dr. Ben Carson as Secretary of the U.S. Department of Housing and Urban Development, NCRC’s President and CEO John Taylor made the following statement.
NCRC Statement on the Confirmation of Jeff Sessions as Attorney General
Today, in response to the U.S. Senate’s confirmation of Senator Jeff Sessions as Attorney General, NCRC’s President and CEO John Taylor made the following statement.
NCRC Statement on Trump Administration Raising FHA Mortgage Premiums
Today, in reaction to the Trump Administration's action to raise Federal Housing Administration (FHA) mortgage premiums, NCRC President and CEO John Taylor made the following statement
Community Groups Send Letter to FHFA and Treasury Department Expressing Concern About Affordable Mortgage...
The National Community Reinvestment Coalition (NCRC) and 20 civil rights and consumer advocacy groups sent a letter to Mel Watt, Director of the Federal Housing Finance Agency (FHFA), and Jacob Lew, Secretary of the U.S. Department of the Treasury, expressing concern about the Government Sponsored Enterprises’ (GSEs) Single Family Housing Goals performance and tighter access to the mortgage market for low- and moderate-income individuals.
NCRC Statement on Selection of Steve Mnuchin as Treasury Secretary Nominee
Today, in reaction to the news that Steve Mnuchin will be President-Elect Donald Trump’s nominee to serve as Secretary of the Department of the Treasury, and subsequent remarks from Mr. Mnuchin, the National Community Reinvestment Coalition’s (NCRC) President and CEO John Taylor made the following statement
NCRC Celebrates 39th Anniversary of the Signing of the Community Reinvestment Act
Today, on the 39th anniversary of the date the Community Reinvestment Act (CRA) was signed into law by President Jimmy Carter in 1977, National Community Reinvestment Coalition (NCRC) President and CEO John Taylor made the following statement
NCRC Statement on the Release of 2015 Home Mortgage Disclosure Act Data
Today, in reaction to the release of the 2015 Home Mortgage Disclosure Act (HMDA) data, the National Community Reinvestment Coalition’s (NCRC) President and CEO John Taylor made the following statement
NCRC Applauds HUD Announcement Regarding LEP, Domestic Violence, and Gender Identity Protections
Today, in response to the U.S. Department of Housing and Urban Development’s (HUD) announcement of new rulemakings and guidance to provide protections for individuals with Limited English Proficiency (LEP), victims of sexual harassment and survivors of domestic violence, and to ensure access to fair housing regardless of gender identity, the National Community Reinvestment Coalition’s (NCRC) President and CEO John Taylor made the following statement.
NCRC Statement on H.R. 5983 Committee Vote
Today, in response to the vote on the Financial CHOICE Act, H.R. 5983, by the House of Representatives Financial Services Committee, the National Community Reinvestment Coalition’s (NCRC) President and CEO John Taylor made the following statement
NCRC Statement on CFED and IPS Racial Wealth Gap Report, CRA, and Affordable Housing...
Today, in reaction to the new report from the Corporation for Enterprise Development (CFED) and the Institute for Policy Studies (IPS), “The Ever-Growing Gap: Without Change, African-American and Latino Families Won’t Match White Wealth for Centuries,” the National Community Reinvestment Coalition’s (NCRC) President and CEO John Taylor made the following statement
New Report on Lending in St. Louis, Milwaukee and Minneapolis Shows Clear Racial Disparities
The National Community Reinvestment Coalition (NCRC) released an analysis of home purchase lending in St. Louis, Milwaukee, Minneapolis, and the surrounding areas. The analysis reveals racial and income disparities in mortgage lending in all three cities.
