NCRC

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The National Community Reinvestment Coalition creates opportunities for people to build wealth. We champion fairness in banking, housing & business. #JustEconomy

"Let's call it for what it is: the reported new rule making on Section 1071 is another delay tactic after 15 years of delay to keep borrowers in the dark about who banks lend to. If no one knows the extent of the problem, then no one can fix it right." - Jesse Van Tol ncrc.org/section1071/

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NCRC and more than 200 of its member organizations ask Congress to reject cuts to major CDFI programs that help small businesses and strengthen our economy.

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More than 1 in 4 business owners said they were harmed by predatory lending within the last year, according to Goldman Sachs. ”Higher-cost less-transparent credit products” are twice as likely to affect business owners of color. ncrc.org/predatory-le...

Predatory Lending Is Hurting Small Businesses. Here's How You Can Fight Back. » NCRC

Small business loans are hard to come by for Black-owned businesses -- in part because of predatory lending. Here's what we're doing about it.

ncrc.org

Housing providers at the news conference said the percentage of D.C. units where they don’t collect rent has greatly increased — threatening their survival and ability to keep the units affordable. via Jenny Gathright w/ The Washington Post hubs.ly/Q036FJKT0

D.C. mayor proposes permanent rollback of pandemic-era housing protections

Mayor Muriel E. Bowser said the legislation is an attempt to support affordable housing providers who are in crisis mode over unpaid rent. Tenant advocates are worried.

hubs.ly

Meet NCRC's Fellowship for Economic Development fellow Amanda Banegas! Amanda is a student at Howard University and is working with NCRC member, HomeAid National Capital Region by helping the implementation of the Affordable Housing Construction Program. hubs.ly/Q02-K_Z-0

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U.S. job creation bounced back in November, with 227,000 jobs added by the labor market, after disruptions from storms in the Southeast and a major strike in October. Here’s the latest on the jobs report.

Jobs Report Live Updates: U.S. Adds 227,000 Jobs in November

The labor market added 227,000 jobs, a big rebound from October, when storms in the Southeast and a major strike disrupted work. The unemployment rate ticked up slightly to 4.2 percent.

nytimes.com