Category: Community Reinvestment Act
Wednesday, March 11, 2020
What Proposed Changes to the Community Reinvestment Act (CRA) Could Mean for Memphis CDCs
Proposed changes to the Community Reinvestment Act (CRA) could divert billions of dollars from low- and moderate-income communities. Currently, banks meet their CRA requirements by providing capital for affordable housing, small businesses and economic development in low- and moderate-income neighborhoods. By relaxing standards for the types of investments that qualify for CRA credit, the proposed rules would open the door to discriminatory housing and investment practices –...
at Wednesday, March 11, 2020
Community Reinvestment Act
Board of Directors & Staff
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