{"id":280027,"date":"2026-01-29T13:33:46","date_gmt":"2026-01-29T18:33:46","guid":{"rendered":"https:\/\/ncrc.org\/?p=280027"},"modified":"2026-02-05T13:24:14","modified_gmt":"2026-02-05T18:24:14","slug":"new-report-finds-that-economic-conditions-are-deteriorating-for-african-americans","status":"publish","type":"post","link":"https:\/\/ncrc.org\/new-report-finds-that-economic-conditions-are-deteriorating-for-african-americans\/","title":{"rendered":"New Report Finds That Economic Conditions Are Deteriorating For African Americans"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Coinciding with the Dr. Martin Luther King Jr. Holiday, the Joint Center for Political and Economic Studies released its annual <\/span><a href=\"https:\/\/jointcenter.org\/state-of-the-dream-2026-from-regression-to-signs-of-a-black-recession\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">State of the Dream report<\/span><\/a><span style=\"font-weight: 400;\">. Named after Dr. King\u2019s famous \u201cI Have a Dream Speech,\u201d the report highlights the deteriorating conditions facing African Americans heading into 2026. NCRC economist Joseph Dean contributed to the report\u2019s section entitled \u201cBlack Homeownership and Housing Policy\u201d. Here are some highlights from the report:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Congressional and administrative actions, the tax cut provisions of the One Big Beautiful Bill Act of 2025, the dismantling of the Consumer Financial Protection Bureau (CFPB) and the mass firing of federal employees will negatively impact the economic advancement of Black Americans.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The CFPB\u2019s proposed change to Regulation B of the Equal Credit Opportunity Act would eliminate disparate impact, which may exacerbate the financial exclusion of historically disadvantaged groups. It would also limit the implementation of Special Purpose Credit Programs, which are a powerful tool for channeling credit on favorable terms to underserved communities without violating anti-discrimination laws.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The expansion of the Low-Income Housing Tax Credit, the permanent extension of the New Market Tax Credit and the passage of the HOME Investment Partnerships Program\u2019s final rule will help expand financing for affordable housing developments.<\/span><\/li>\n<\/ul>\n<p><em>Photo Credit: NPS\/volunteer Bill Shugarts<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Coinciding with the Dr. Martin Luther King Jr. Holiday, the Joint Center for Political and Economic Studies released its annual State of the Dream report.<\/p>\n","protected":false},"author":951,"featured_media":280030,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_angie_page":false,"content-type":"","_uag_custom_page_level_css":"","_monsterinsights_skip_tracking":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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