Banks could start earning CRA credit for the assistance they provide to communities in the event of natural disasters.
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Washington, D.C., has been declared the most gentrified city in the country, according to a study by the National Community Reinvestment Coalition. Beyond the more than 20,000 Black D.C. residents who have actively been displaced since 2000, drastic increases in commercial rent and property taxes are also forcing long-loved Black-owned businesses to close their doors.