Buffalo Niagara Community Reinvestment Coalition

04/19/2022

Governor Kathy Hochul continues to say the new Bills stadium deal is a good deal. The question is good for who?

Governor Hochul asserts that the enormous public subsidy, largest in NFL stadium history, should be recouped through player income tax over the course of the next 22 years.

Buffalo-Niagara has some of the highest child poverty rates, a housing crisis now, and a public transit system that has decreased in routes and stops. Buffalo-Niagara can't wait 22 years. Our communities need help now.

To get involved email [email protected]

Gov. Kathy Hochul says other cities were interested in the franchise if a stadium deal in Buffalo wasn’t reached.

04/18/2022

04/18/2022

You can't have a Community Benefits Agreement (CBA) without the community.

It has been three weeks since the MOU between the State, County, and the Bills was released referencing a CBA. It states that " the New Stadium will benefit not only the [Bills], but all segments of the local community including the historically underserved communities..."

The community has yet to be given a seat at the table. The community has yet to be given a chance to share what they want. Despite having champions calling for a CBA, it can't be a CBA without the community.

It may no longer be a question of if there will be a CBA, but what kind of CBA will it be?

Let the Yankee Stadium agreement (not a true CBA, because community was not at the table) be a telltale for us here in Western New York.

A scathing New York Times report alleges barely any of the $40 million fund has been allocated to surrounding neighborhoods.

03/28/2022

Take our survey to let us know what you would like to see in a Bill's Stadium Community Benefits Agreement.

Lately we have been hearing a lot about the new Bills Stadium and the expected $1 billion cost to New York State tax payers. We've also heard some discussion around a potential Community Benefits Agreement (CBA).

We think the stadium has to have a CBA attached to it, especially if taxpayers are paying for it!

We want to know what you think! Take our quick survey to help have your voice heard.

Want to join our efforts or learn more? Reach out to the BNCRC at [email protected].

Buffalo-Niagara is home to the . Our support for our team runs deep no matter the weather, owner of our team, or where we watch the game! Recently a new stadium for our beloved Bills has been put on the table at the cost of taxpayers to the tune of an estimated $1 billion, the highest pub...

02/22/2022

Here in Buffalo-Niagara this narrative has been playing out for the last few years. Are you a first time homebuyer in our area? What has your experience been like?

The Buffalo Niagara Community Reinvestment Coalition works with communities and banks to ensure acces to products and services for first time homebuyers.

With a historic shortage of homes for sale, investors making cash offers are pushing first time homebuyers out of the market.

02/01/2022

Check out this upcoming webinar from Cooperation Buffalo:

Non-extractive finance is a powerful tool for those who are excluded from our extractive and exploitative financial system to achieve economic empowerment.

Join Cooperation Buffalo on Wednesday, February 16 at 6p as we kick off our slate of 2022 Popular Education programming with “What the H*ck is Non-Extractive Financing?” At this webinar, we will introduce the practice of non-extractive financing, compare it to traditional forms of debt, and explore the financing options for cooperatives available through Cooperation Buffalo and our partners at Seed Commons.

Are you: a co-op looking for financing to expand? A co-opreneur in need of seed money to start your business? A group of workers in need of a loan to purchase your workplace from the current owner? Interested in how financing can play a role in building a democratic economy? Click here to register now! https://zoom.us/.../tJwkde6srD4uHNFiSIvjG_wWrhael0M_s4kP

Check out this upcoming webinar from one of our fellow Crossroads Coalition members, Cooperation Buffalo:

Non-extractive finance is a powerful tool for those who are excluded from our extractive and exploitative financial system to achieve economic empowerment.

Join Cooperation Buffalo on Wednesday, February 16 at 6p as we kick off our slate of 2022 Popular Education programming with “What the H*ck is Non-Extractive Financing?” At this webinar, we will introduce the practice of non-extractive financing, compare it to traditional forms of debt, and explore the financing options for cooperatives available through Cooperation Buffalo and our partners at Seed Commons.

Are you: a co-op looking for financing to expand? A co-opreneur in need of seed money to start your business? A group of workers in need of a loan to purchase your workplace from the current owner? Interested in how financing can play a role in building a democratic economy? Click here to register now! https://zoom.us/meeting/register/tJwkde6srD4uHNFiSIvjG_wWrhael0M_s4kP

09/10/2021

This is why BNCRC continues to push banks and bring education and awareness around redlining.

If it seems that people looked at a map and drew lines down Main Street dividing the “haves” from the “have nots,” it’s because they did.

04/23/2021

Did you know that of all the deposits made in Buffalo-Niagara, M&T holds 62% of them? The next bank only holds 15%.

That's a lot of money!

In Buffalo-Niagara M&T is the market. They recently applied to acquire another bank, People's United and so BNCRC wants to hear from you! Take our quick survey to share your thoughts about how you think M&T is doing in our region!

M&T is trying to take over 418 bank branches on the East Coast. Regulators are deciding whether or not to let M&T do this. We need to hear from YOU about your experiences with M&T. Is M&T doing its part in our community? Should M&T be doing more for residents in Buffalo-Niagara? Please share your th...

04/05/2021

Fintech companies are partnering with Credit Unions to supply an alternative to the current banking system.

Traditional institutions have a lot to gain from leveraging the sophisticated algorithms of tech startups, not to mention their origination prowess and processing capabilities.

04/02/2021

President Biden has extended the deadline for the Paycheck Protection Program applications until May 31st.

The Senate passed a bill 92-7 last Thursday to extend the deadline for business owners to apply for forgivable loans through the Paycheck Protection Program.

04/01/2021

The BNCRC partnered with NYS Attorney General Letitia James to hold KeyBank accountable for its false advertisements surrounding the KeyBank Plus program. The coalition is committed to monitoring KeyBank and is critical of KeyBank's renewed Community Benefits Agreement.

State Attorney General Letitia James' office has reached an agreement with KeyBank to resolve an investigation into "deceptive advertising practices" related to a bank program designed to help New York