David Hanzel | Using Local Banking Ordinances
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David Hanzel | Using Local Banking Ordinances

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David Hanzel | Using Local Banking Ordinances David Hanzel | Using Local Banking Ordinances Presentation Transcript

  • Federal Strength, Local Enforcement: How to UseLocal Banking Ordinances to Increase Investment inYour Community
  • Federal Strength, Local Enforcement: How to Use Local BankingOrdinances to Increase Investment in Your CommunityDave Hanzel, Association for Neighborhood & HousingDevelopment (ANHD)April 19, 2012
  • NYC Responsible Banking Act: Why Necessary• NYC Banks Consolidating and Growing  Between 1998 and 2008, 11 of the city’s 25 largest banks were acquired and merged with other large banks• ANHD “State of Bank Reinvestment in NYC” Report  $38 billion increase in local deposits at 20 of the city’s largest banks  $4.4 billion decrease in lending and investment  Greater share of reductions in LMI neighborhoods and to LMI borrowers than City overall. # of all MF apartment loans fell by 37%, but the # in LMI neighborhoods fell by 58%• Qualitative changes to banks’ approach to reinvestment
  • NYC Responsible Banking Act: Issues to Consider• Legal and Political Issues  Federal Pre-Emption  Mayoral Curtailment  Industry and Political Opposition• Bill Drafting Issues  Flexibility and Ability to Respond to Different Problems  Administration and Implementation
  • NYC Responsible Banking Act: Dream Bill• Transparency  Local Reinvestment Plan  Access to Local Level Data• Accountability  Ratings  Overall Evaluation, Posted on Agency / Council Website  Formal Role for Public Input
  • NYC Responsible Banking Act: Actual Bill• Transparency  Access to Local Level Data• Accountability  Ratings  Overall Evaluation, Posted on Agency / Council Website  Formal Role for Public Input* Not About All Sides Being Happy, About Good
  • NYC Responsible Banking Act: Campaign Strategy• Allies (How to Build and Strengthen Coalition)  Members, Other Advocates, Unions  Local Elected Officials  NCRC and Other Cities• Opponents (How to Persuade or Neutralize)  Banking Industry  Mayor
  • NYC Responsible Banking Act: Campaign Strategy• Establishing Credibility• Crafting a Message: Aggressive vs. Collaborative• Maintaining Momentum  Community Meetings and Events  Direct Actions• Measuring Outcomes
  • THANK YOU!To follow up with the speaker: Dave Hanzel Association for Neighborhood & Housing Development (ANHD) (212) 747-1117 x21 davidb.h@ anhd.orgPresentations will be available at www.ncrc.org/conferencebyApril 30, 2012