Pittsburgh Community Reinvestment Group Report

Pittsburgh Community Reinvestment Group details decline in Black homeownership in new report

bizjournals bizjournals | 2 years ago

PCRG calls for state version of the Community Reinvestment Act, noting continuing racial inequalities in mortgage lending despite widespread lender compliance with federal standards.

Regulators unveil revamped Community Reinvestment Act framework

In-depth analysis, data and st... In-depth analysis, d... | 1 year ago

Black Developers Elevate Community Needs in Major Projects

The New York Times The New York Times | 1 year ago

For decades, multibillion-dollar projects across the United States sought to create new downtown neighborhoods, often by reimagining underused assets, like defunct factories or rail yards. In recent years, a new crop of projects has offered the same expansive scope, but with leadership that mirrors the community. A new generation of Black developers believes that their perspectives will lead to a reshaping of large sections of American cities by focusing on how their deals will benefit underserv...

Blow up the Community Reinvestment Act and start from scratch

In-depth analysis, data and st... In-depth analysis, d... | 1 year ago

The Community Reinvestment Act was enacted in 1977 “to address inequities in access to credit for low- and moderate-income individuals and communities.” The law should be repealed and replaced. Like hanging a crystal chandelier in a lean-to shack, any efforts to revise the law are a waste of time. This especially includes efforts proposed by the Federal Reserve Board “to strengthen the achievement of the core purpose of the statute, and to adapt to changes in the banking industry, includi...

Black homeownership group, MBA call for MIP cut

housingwire housingwire | 1 year ago

The Black Homeownership Collaborative has joined the chorus of voices imploring HUD Secretary Marcia Fudge to reduce MIP and suspend life-of-loan requirements for borrowers with FHA-insured loans. The post Black homeownership group, MBA call for MIP cut appeared first on HousingWire.

Opinion: CRA doesn’t work for banks or IMBs

housingwire housingwire | 1 year ago

An honest assessment of CRA is that it has not been effective when it comes to bank mortgage lending. So why would we extend it to IMBs? The post Opinion: CRA doesn’t work for banks or IMBs appeared first on HousingWire.

Building Community: Your Guide for Running a Mastermind Group

kw kw | 1 year ago

The first rule of a mastermind group is not to confuse a mastermind with any garden-variety meeting. While masterminds are technically a meeting of people with similar goals or passions, the similarities end there. Whereas meetings are typically structured around an agenda, mastermind groups begin with a loose question or theme before letting the conversation […]

How To Use Facebook Group For Community Communication | HOAM

hoamanagement hoamanagement | 1 year ago

Social media is a great tool that can help bolster communication in your HOA. One of the most popular platforms out there today is Facebook. Keep reading to learn how to use a Facebook Group for community communication. How to Use Facebook Group for Community Communication In today’s hyperconnected world, it is becoming easier and easier to communicate with people. This bodes well for self-managed associations, in particular, as boards can keep owners in the loop without much trouble. Gone ...

Another lender settles redlining accusations with DOJ

housingwire housingwire | 1 year ago

The complaint filed in federal court alleges that from at least 2015 to 2021, Lakeland Bank failed to provide mortgage lending services to Black and Hispanic neighborhoods in and around Newark, NJ. The post Another lender settles redlining accusations with DOJ appeared first on HousingWire.