Manan Shah is a Policy Advisor at NCRC with his portfolio focusing on CDFI advocacy, banking reform, and tax policy. In his past four years at NCRC, Manan has mobilized NCRC’s grassroots members to advocate for concrete policy solutions that expand affordable housing, increase investment in small businesses, and ultimately, reduce racial wealth divides in […]
The Office of the Comptroller Currency (OCC) recently proposed a rule that could reduce investment in communities of color and open the door for more lending discrimination. The agency aims to remove any references to “minority and women-owned entities” in their list of eligible public welfare investment activities that banks can undertake. The OCC is also proposing
OCC’s Proposed Rule Could Undermine Investment in Communities of Color Read More »
June 18, 2026, American Banker, CFPB, Fincen Guidance Casts A Pall Over ITIN Lending Manan Shah, policy advisor at the National Community Reinvestment Coalition, said that the advisories are a pretext for “excluding hard-working immigrants from accessing credit.” “Banks already have to follow strict identification and compliance measures,” he said. “Collecting data on immigration status
CFPB, Fincen Guidance Casts A Pall Over ITIN Lending Read More »
OZ 2.0 will shape the community investment landscape for the next decade. The process is competitive and time-sensitive. Members who act early, build strong cases and engage state decision-makers will be best positioned to direct investment to the communities that need it most.
Video: Opportunity Zones 2.0: What You Need to Know and How to Act Now Read More »
Opportunity Zones 2.0 (OZ 2.0) is an updated federal investment incentive program created under the 2025 One Big Beautiful Bill Act (OBBBA). It provides tax benefits to encourage private investment in low-income census tracts. OZ 2.0 will shape the community investment landscape for the next decade. The process is competitive and time-sensitive. Members who act
Opportunity Zones 2.0: What You Need to Know and How to Act Now Read More »
Complete the form to download the pdf: Yes, send me updates by email about NCRC research, events and news. Download Now Complete the form to download the pdf: Download April 24, 2026 Benjamin W. McDonoughDeputy SecretaryBoard of Governors of the Federal Reserve System20th Street and Constitution Avenue NWWashington, DC 20551 Via: online submission to https://www.federalreserve.gov/?apps/?proposals/?and email
“I have been advocating on the Hill for more than 30 years,” said Carol Johnson, NCRC board chair and civil rights attorney. “Every visit reminds me of something essential: the freedom we each have to petition our government and hold our leaders accountable for the decisions that shape our daily lives […] especially when the
Opportunity Zones 2.0: What You Need to Know and How to Act Now April 2026 Opportunity Zones 2.0: What You Need to Know and How to Act Now April 2026 P What Are Opportunity Zones 2.0? Opportunity Zones 2.0 (OZ 2.0) is an updated federal investment incentive program created under the 2025 One Big Beautiful
Opportunity Zones 2.0: What You Need to Know and How to Act Now Read More »
The Small Business Administration (SBA) recently posted a policy notice that would prevent legal permanent residents, such as immigrants with green cards, from accessing any SBA financing product effective March 1, 2026. Legal permanent residents are authorized to live and work in the US. To receive an SBA-backed loan, the SBA now requires small businesses to be 100% owned by US citizens or nationals. This is an abrupt reversal from SBA’s original policy notice released this past December, which would have allowed small businesses that were 100% owned by legal permanent residents to access SBA financing
On February 3, President Trump signed H.R.7148 Consolidated Appropriations Act of 2026 into law, which will fund most of the federal government until September 30. The package included five of the six remaining appropriations bills and corresponding earmarks that Congress had not yet passed: Financial Services and General Government State, Foreign Operations and Related Programs Defense Labor, Health, and Human Services, Education and Related Agencies Transportation,
FY 2026 Budget Deal: Final Funding for HUD, CDFI, SBA – and What’s Next for DHS Read More »
