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

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
NCRC

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.
NCRC

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.
NCRC

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

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.