Protecting Californians from financial harm during the Coronavirus crisis.
Crises are not great equalizers; they lay bare racial inequities and uncover deep structural flaws in social and economic systems. We are working to ensure relief and recovery efforts are combined with fundamental structural changes that shift power to people and communities, so that capital is redistributed equitably and economic decisions are made democratically.
Protecting the Community Reinvestment Act
The California Reinvestment Coalition is working to protect and preserve the Community Reinvestment Act (CRA). This landmark civil rights legislation was created three decades ago in a response to redlining and is currently under attack by Trump-appointed federal bank regulators. The proposed changes will result in less lending to first-time homebuyers, less ability for small businesses to grow and hire locally, a reduction in the development and preservation of critically needed affordable housing, and decreased consumer access to bank branches and affordable banking products.
Disrupting Displacement Financing
California’s displacement crisis most affects residents of color and low-income residents who can no longer afford to live in the communities they have been a part of, often for generations. Banks and investors who sign on to our Anti-Displacement Code of Conduct vow not to finance landlords who use loopholes to evict tenants, but instead to invest in affordable housing.
Here to Stay
Immigrants are integral to California’s economy and culture. In the face of heightened anti-immigrant policies and rhetoric, CRC’s work helps to ensure that everyone has access to the American Dream. This campaign develops immigrant grassroots leaders to advocate for community-driven solutions to the challenges of income instability and economic mobility, while driving civic participation.