Jay Richardson

Black unemployment at 7.5%. Job losses mounting. Government data MIA thanks to shutdown. But tax cuts for billionaires? Those are protected. buff.ly/F2jPbVN #joblosses #justeconomy

Tariffs drive up construction costs, shutdown blocks housing assistance. Perfect policy storm for unaffordable housing. But the richest Americans got their tax breaks. buff.ly/FBw8k5n #housingaffordability #justeconomy

Banking regulators approve mega-mergers while small business lending data gets delayed another year. System protects consolidation, not competition or communities. buff.ly/VqxFAtM #banking #justeconomy

NCRC provides members real-time data on climate insurance impacts, job trends, and lending disparities. Fighting for economic justice requires knowing what's happening in your communities. #justeconomy #NCRCmembers

Fifth Third To Buy Comerica, Forming $288B Regional Banking Giant The all-stock transaction values Comerica at $10.9B and is expected to close next year.

Two banks merge to create $288B giant while community banks struggle and credit access shrinks for working families. Consolidation serves shareholders, not communities. buff.ly/VqxFAtM #banking #justeconomy

CFPB officially delays small-business reporting rule The Consumer Financial Protection Bureau will delay its small-business lending data rule by a year, citing litigation and plans to rewrite the regulation in the interim as reasons for the delay.

CFPB delays fair lending data for small businesses another year. 16 years since Congress passed it. Meanwhile, discrimination in lending continues unchecked. buff.ly/aqpslfg #fairlending #justeconomy

As Government Shutdown Looms, Mortgage, Real Estate Pros Brace for Potential Disruptions As Congress faces off in another government shutdown showdown, trade groups are warning real estate and mortgage professionals to prepare

Shutdown freezes FHA loans, delays tax transcripts, blocks housing data. Real estate pros and homebuyers are collateral damage while politicians protect tax cuts for the wealthy. buff.ly/buARhaW #housingcrisis #justeconomy

Recent tariffs threaten residential construction | Brookings Commentary

Tariffs on construction materials + shutdown blocking housing programs = housing disaster. But sure, prioritize tax cuts for billionaires over fixing the supply crisis. buff.ly/FBw8k5n #housingcrisis #justeconomy

Economists say job losses likely, even as shutdown delays report • Stateline Friday’s jobs report is missing in action because of the federal shutdown, but economists are finding other ways of measuring apparent job losses concentrated in Midwestern states and oil country.

Shutdown blocks the jobs report showing job losses. Black unemployment hits 7.5%, Midwest workers laid off. But billionaires got their tax cuts. buff.ly/F2jPbVN #justeconomy #JobLosses

Economists say job losses likely, even as shutdown delays report • Stateline Friday’s jobs report is missing in action because of the federal shutdown, but economists are finding other ways of measuring apparent job losses concentrated in Midwestern states and oil country.

Shutdown means we can't even GET the jobs report to see how bad job losses are. Convenient timing while Black unemployment spikes to 7.5% & Midwestern workers get laid off. But hey, at least billionaires are getting their tax cuts. 🙃

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#governmentshutdown #justeconomy #JobLosses

Harris County shows what's ahead: insurance costs up 61%, now consuming 42% of mortgage payments. Climate risk threatens homeownership. buff.ly/QbCZjb5 NCRC research supports members like Covenant Community Capital working in this same market. buff.ly/TzHxQp0 #housingaffordability #justeconomy

NM making child care FREE = $12K/year back to families. First state to do it. Meanwhile, federal government is… *checks notes* …doing nothing. State leadership matters. #JustEconomy #ChildCare
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FHFA wants to gut fair housing oversight for Fannie/Freddie/FHLBs. Because who needs accountability when you're managing a $7.3B public subsidy, right? This is how discrimination flourishes. #JustEconomy #FairHousing
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Rise Economy just got Mechanics Bank to commit $15M to small biz lending + $5M for homeowner assistance. That's how you hold banks accountable. CBAs work. #JustEconomy #CommunityBenefits
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Private equity bought 400K homes, making homeownership harder for middle-class families. But banning them won't fix anything if we don't BUILD MORE HOUSING. Zoning restrictions are the real villain here. #JustEconomy #Housing
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Credit scores dropping faster than since 2009. Gen Z hit hardest with student debt + a hiring freeze. "Doesn't pay to be hardworking anymore" one nurse said. That's the economy we're in. #JustEconomy #DebtCrisis
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Black unemployment hitting 7.5%—its highest since 2021. 300K Black women left the workforce Feb-April. The "no-hire/no-fire" economy? Not if you're Black. Surprise surprise. #JustEconomy #BlackWorkers
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Recent tariffs threaten residential construction | Brookings Commentary

Tariffs on lumber, steel & gypsum are making the housing crisis worse. At a time when the US is short millions of homes, these policies directly undermine efforts to build affordable housing.

Read the analysis: buff.ly/FBw8k5n

#AffordableHousing #Tariffs #HousingCrisis #JustEconomy

NCRC members: we do data analysis for you. Demographics, economic trends, community research. DM for details. #justeconomy

Really this isn't being talked about enough. Over 300k black women left the workforce this year.

Graphic with Senator Warren asking: Is it consistent with the First Amendment for DOD to revoke a reporter’s press credentials for publishing a story that’s critical of President Trump? DoD official responds: Yes... If the basis was that the person published information that was not otherwise approved for release by the Department. Senator Warren Responds: Whoa.

Trump’s nominee to be the Army’s lawyer is confused about the First Amendment.

Independent journalists must be free to report the facts without fear of retaliation.

If we're sending troops to war under false pretenses, Americans have a right to know.

27 Firms Strike Deal In Rent-Fixing Class Action, RealPage And Others Fight On The settlements in a Nashville court would involve the landlord group, including Greystar and Brookfield, paying a combined $140M without admitting wrongdoing.

RealPage's defense for their rent collusion software: "First Amendment" and "don't blame us for the housing shortage." Bold strategy claiming free speech rights for algorithmic price-fixing. buff.ly/b73Aj91 #justeconomy #RealPage #PriceFixing #Antitrust #RentCrisis #Collusion

Tariffs launched in April. Production and logistics shed 100,000 jobs since then. Black male unemployment up 1.5 points. Someone tell me again how trade wars are "easy to win." buff.ly/NDR9jEc #justeconomy

The Jobs Recession Is Affecting the Entire Black Community » NCRC It feels especially difficult to secure a job nowadays. The economy added only 22,000 jobs in August as job growth in nearly all industries has decreased or remained stagnant. However, the community…

The economy only added 22,000 jobs in August but sure, tell Black women (unemployment: 7.5%, highest since 2021) how great everything is going. Three hundred thousand left the workforce in three months. buff.ly/NDR9jEc #justeconomy

South Memphis Residents Skeptical of Musk’s xAI Economic Growth Claims as Pollution Concerns Grow » NCRC As tech billionaires race to build AI data centers, low-income communities are paying the price. Here's how the majority Black community of Boxtown in South Memphis, Tennessee is fighting back…

South Memphis: frontlines of nationwide AI battle. Google, Meta, Apple planning data centers in PA, LA, TX. Rep. Pearson: "Moral crisis where nation must decide who we're willing to sacrifice for technocrats and billionaires to build technology." buff.ly/9dy0vsU #justeconomy

Representing the voice of the community: Rise Economy advocates for equitable community development efforts across California » NCRC California-based Rise Economy’s 300+ member coalition includes a range of community and economic development partners, from affordable housing developers and community land trusts to legal aid…

Rise Economy + NCRC strengthen community advocacy. 300-member coalition brings diverse voices. "Our members give us our strength," says Kevin Stein. NCRC provides maps and research bolstering advocacy. Promoting equitable development across CA. buff.ly/Dl8AgEM #justeconomy

September update: NCRC completed 9 member assistance requests. From analyzing local lending patterns to statewide reports on lender activity in LMI communities. We're here to support your community development work. #justeconomy

South Memphis Residents Skeptical of Musk’s xAI Economic Growth Claims as Pollution Concerns Grow » NCRC As tech billionaires race to build AI data centers, low-income communities are paying the price. Here's how the majority Black community of Boxtown in South Memphis, Tennessee is fighting back…

Rep. Justin Pearson challenges xAI's promises. While company projects $14B by 2029, Memphis gets $13M in first year tax revenue. "Tax money is not worth our lives," says Pearson. Residents face health costs while uncertain benefits will reach them. buff.ly/9dy0vsU #justeconomy

South Memphis Residents Skeptical of Musk’s xAI Economic Growth Claims as Pollution Concerns Grow » NCRC As tech billionaires race to build AI data centers, low-income communities are paying the price. Here's how the majority Black community of Boxtown in South Memphis, Tennessee is fighting back…

Environmental injustice in Boxtown. Founded by formerly enslaved people, this Black Memphis community was annexed in the 1960s and became home to industrial plants. Now xAI adds to pollution. Shelby County: F for air quality, "asthma capital" of nation. buff.ly/9dy0vsU #justeconomy

Representing the voice of the community: Rise Economy advocates for equitable community development efforts across California » NCRC California-based Rise Economy’s 300+ member coalition includes a range of community and economic development partners, from affordable housing developers and community land trusts to legal aid…

Rise Economy's Resilience Fund: $4M for BIPOC-led CDFIs. Provides technical assistance, capacity building, and grants. Incubation program helps orgs get licensed and set up lending programs to deploy capital in communities. buff.ly/Dl8AgEM #justeconomy