Category: Community Reinvestment Act

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 –... Read More
at Wednesday, March 11, 2020

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