The California Reinvestment Coalition advocates for the right of low-income communities and communities of color to have fair and equal access to banking and other financial services. CRC has a membership of more than 240 nonprofit organizations and public agencies across the State.

What's New

The Ongoing Chasm Between Words and Deeds V

This fifth report in our two-year series focuses on loan counselors' experiences in March 2009, after the release of the Obama Administration's Home Affordable Plan. After a series of voluntary foreclosure moratoria and new federal and state initiatives, this latest survey demonstrates that the banking industry continues to fail to adequately address the crisis, with dire consequences for homeowners, tenants, and communities.

Click here to download the report.

PLUS

National Day of Action June 11


Bay Area: Public meeting with the Federal Reserve
Community members are presenting stories and research about the widespread and severe impacts of foreclosures and frozen credit in Richmond, one of the hardest-hit cities of the Bay Area. Allen Fishbein, of the Board of Governors of the Federal Reserve System, and Joseph Firschein, Assistant Director and Community Affairs Officer, will be present to respond to testimony. CRC along with our partners Contra Costa Interfaith Supporting Community Organizing and ACORN will be calling for bank accountability and reforms.  Click here for more information.

Los Angeles: Press conference in front of foreclosed apartment building
The press conference is being held in front of an apartment building in North Hollywood that has been foreclosed and plans to evict tenants by June 19. The bank is turning them out in order to re-sell the building as quickly as possible. Several of the tenants will be telling their stories, along with a local small business owner struggling because banks will not lend, and affordable housing advocates speaking to the great need for low-income housing in LA that is not being met because of lack of financing. Click here for more information.

San Diego: Week of action from June 5-11
To raise awareness on the needs of San Diego’s working families, nonprofits, community groups and other stakeholders are holding a weeklong series of events calling on Congressional leaders and local elected officials to create green jobs, stop foreclosures, rebuild neighborhoods and enact regulations against predatory lending. The week will culminate with a press conference June11 in front of the Federal Building. Click here for more information.


Paying More for the American Dream III

The Paying More for the American Dream series is a collaborative effort of seven state and regional research, policy, and advocacy organizations. This is the third annual report focused on examining systematic inequalities in the housing finance system and the impact of these inequalities on lowerincome and minority families and communities.

Click Here for Report

Celebrate California Reinvestment

Please join CRC in honoring community heroes April 23 at the Rotunda Building in Oakland, CA.

Click here for evite

In-the-spotlight

Mo’ Money, Mo’ Money, Mo’ Money

How Greedy Corporations Destroy the American Dream



The California Reinvestment Coalition produced this documentary, entitled "Mo’ Money, Mo’ Money, Mo’ Money: How Greedy Corporations Destroy the American Dream" to show how the foreclosure crisis affects everyone. Foreclosures destroy the dreams of California families and threaten the stability of small businesses, city governments and neighborhoods. .

Mo’ Money tells the story of borrowers who were lied to and ignored by their mortgage loan servicers, and the people who are working to keep them in their homes.

It also reveals how this disaster could have been avoided if regulators and government officials did not ignore predatory lending practices.

Read more...