Authors Posts by NCRC

NCRC

NCRC

The National Community Reinvestment Coalition (NCRC) was formed in 1990 by national, regional, and local organizations to develop and harness the collective energies of community reinvestment organizations from across the country so as to increase the flow of private capital into traditionally underserved communities. 

NCRC has grown to 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.

Contact:

NCRC
727 15th Street, Suite 900
Washington DC 20005

Phone: 202 628-8866
Fax: 202 628-9800

Media contact:
Jesse Van Tol
Phone: (202) 464-2709

NCRC

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.”
NCRC

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

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

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
NCRC

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

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

Fifth Third Bank and National Community Reinvestment Coalition Announce $30 Billion Community Development Plan

Today, in an agreement reached with the National Community Reinvestment Coalition (NCRC) and its community-based members and allies across the Midwest and Southeast, Fifth Third Bank announced an increase to their landmark community benefits agreement to $30 billion. The commitment covers community development, including lending and investments, between 2016 and 2020.

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.

As HUD Asks Americans to “Dare to Own the Dream” of Homeownership, NCRC Calls...

Following a U.S. Department of Housing and Urban Development (HUD) National Homeownership Month “Dare to Own the Dream” event, the National Community Reinvestment Coalition (NCRC) and local community groups called on the Obama Administration to protect and strengthen the affordable housing goals at Fannie Mae and Freddie Mac.

NAREE Board Elected in San Diego; Two New at-Large Members Appointed

A new NAREE Board of Directors has been sworn-in for 2016. Steve Brown, who covers real estate for the Dallas Morning News, is NAREE's new president. A deeply experienced NAREE volunteer, Steve has served three different stints on the board over the years. Steve and the other members of the board were officially affirmed at the NAREE officer installation dinner on Friday, Nov. 13, 2015 at the Harbor House in San Diego

NCRC Applauds Letter from 32 Members of Congress to FHFA Director and Treasury Secretary...

The National Community Reinvestment Coalition applauded a letter from 32 Members of Congress to FHFA Director Mel Watt, and Treasury Secretary Jack Lew, urging them to ensure that Fannie Mae and Freddie Mac are adequately capitalized. NCRC members first introduced and urged Members of Congress to sign on to this letter at the 2016 NCRC Annual Conference Hill Day

Community Groups Call for Recapitalization of GSEs and End to Dividend Payments to U.S....

NCRC together with other consumer groups, homebuilders and small lenders sent a letter to Mel Watt, Director of the Federal Housing Finance Agency, expressing concern that the capital buffers of the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac will soon be depleted as a result of the Preferred Stock Purchase Agreements between the FHFA and the U.S. Department of Treasury. The letter calls for Watt to suspend the GSEs’ dividend payments to the Treasury Department and to establish a plan for their recapitalization.

Huntington Bank and National Community Reinvestment Coalition Announce $16.1 Billion Community Development Plan

Today, in an agreement reached with the National Community Reinvestment Coalition (NCRC) and its community-based members and allies across the Midwest, Huntington Bancshares Inc. announced a commitment of $16.1 billion for community development, including lending and investments, over a five-year period.

NCRC Makes Recommendations to Improve Performance Context Analysis in Community Reinvestment Act Exams

The National Community Reinvestment Coalition (NCRC) released a white paper describing the importance of Community Reinvestment Act (CRA) exam performance context analysis, reviewing current implementation of the analysis, and prescribing improvements. The paper, “CRA Performance Context: Why it is Importance for Community Development and How to Improve it,” shows that current performance context analyses do an unsatisfactory job determining the housing and economic conditions of a community, and often do not adequately solicit the community’s residents about their financial services needs

NCRC Applauds FHFA Principal Reduction Modification Program

Today, in reaction to the announcement by the Federal Housing Finance Agency (FHFA) that Fannie Mae and Freddie Mac will offer principal reduction to certain seriously delinquent, underwater borrowers, NCRC President and CEO John Taylor made the following statement

NCRC and KeyBank Announce Landmark $16.5 Billion Community Benefits Agreement

WASHINGTON, D.C. - (RealEstateRama) -- The National Community Reinvestment Coalition (NCRC) and KeyBank signed a landmark $16.5 billion community benefits agreement. The commitment, signed...

NCRC to Host 2016 Annual Conference March 16-19 in Washington, DC

From March 16-19, the National Community Reinvestment Coalition (NCRC) will hold its annual conference, “Creating a Just Economy,” bringing together hundreds of participants and community organizations from across the nation

NCRC Reacts to FHFA Director Mel Watt’s Remarks at the Bipartisan Policy Center

Today, in response to Federal Housing Finance Agency Director (FHFA) Mel Watt’s remarks at the Bipartisan Policy Center regarding the conservatorship of the government sponsored enterprises (GSEs) Fannie Mae and Freddie Mac, the National Community Reinvestment Coalition’s President and CEO John Taylor made the following statement

NCRC Calls on Financial Regulatory Agencies to Declare Flint, MI a Disaster Area

The National Community Reinvestment Coalition (NCRC) sent a letter to Janet Yellen, Chair of the Federal Reserve Board of Governors, Thomas J. Curry, Comptroller of the Currency, and Martin J. Gruenberg, Chairman of the Federal Deposit Insurance Corporation, asking that they declare Flint, Michigan a designated disaster area in response to its water crisis and encourage banks to make loans to the city and its residents to help repair or replace tainted pipes

NCRC Hires Stella Adams as Chief of Civil Rights

Today, the National Community Reinvestment Coalition (NCRC) announced the hiring of Stella Adams in the role of Chief of Civil Rights. NCRC President and CEO John Taylor made the following statement

NCRC Report Shows Stark Racial Lending Disparities in Baltimore

The National Community Reinvestment Coalition (NCRC) released an analysis of home purchase and small business lending in Baltimore, Maryland, and the surrounding areas. The analysis reveals deep racial disparities in mortgage lending.

Popular Government & Nonprofit Press Releases

DCHFA

DCHFA Introduces Multi-Family Online Application

The District of Columbia Housing Finance Agency (DCHFA) takes its multifamily financing process completely online with the launch of the new Multi-Family Lending Application. “We developed this application to make it easier for developers to do business with the Agency to increase the production of affordable housing in the District of Columbia,” stated Todd A. Lee, Executive Director of DCHFA, “This is the first in a series of innovations in affordable housing finance that the Agency will deliver over the next 12 months.

Recent Government & Nonprofit Press Releases

ASE

Alliance To Save Energy Announces Six “Stars Of Energy Efficiency” Award...

The 2017 Stars of Energy Efficiency awards, honoring the top energy efficiency innovators, will be presented to American Water, the Chevrolet Bolt EV, Itron, National Renewable Energy Laboratory, Schneider Electric and 7-Eleven, the Alliance to Save Energy (Alliance) announced today. The awards will be conferred before nearly 400 leaders from industry, government and the non-profit sectors at the 25th annual Evening with the Stars of Energy Efficiency Awards Dinner on September 14 in Washington, D.C.