Though the debate regarding the future of the CRA is with the federal regulators, we should not, and cannot, forget the role of our local communities and local governments, as they have the most to lose from potential changes to this vital law.
Local Resolutions: One Tool in Supporting Appropriate CRA Reform Read More »
Becoming a Community Development Financial Institution (CDFI) has allowed the Louisville Housing Opportunities and Micro-Enterprise Community Development Loan Fund, Inc. (LHOME), a NCRC member organization, to provide affordable housing and facilitate small business startups in low- to moderate-income (LMI) areas of the city.
NCRC’s Community Benefits Agreement Is Helping LHOME Bring Fair Lending to Louisville Read More »
We write to reiterate our grave concern about the impact of potential reforms to the Community Reinvestment Act (CRA).
Data on community development lending and investing is lacking on a census tract level, making the information incomplete and difficult to assess. However, this is not the case for home mortgage lending data and small business loan data. If the federal regulatory agencies truly want to reform CRA, the first place to start is with better data. It would be a win-win for both banks and community organizations by facilitating identification of underserved areas. It would also further CRA’s objectives of directing access to credit and capital where it is needed most.
Increasing community development financing data a necessary component for CRA reform Read More »
Banks want more certainty and easier exams, but points of consensus emerge.
Analysis of public comments on the Community Reinvestment Act Read More »
The organizations urged the government to build upon CRA’s successes and to strengthen it, not weaken it.
National and local organizations unify behind a strong Community Reinvestment Act Read More »
A new report from discusses the worst places to live if you are an African American. Two of the cities, Milwaukee (#2) and Minneapolis (#4), were covered in NCRC’s 2016 report on racial disparities in mortgage lending.
These are the 15 worst cities for black Americans Read More »
Listen to this discussion hosted by NCRC’s Senior Civil Rights Investigator Rose Ramirez, featuring Community Reinvestment Act Manager Kevin Hill and Senior Community Reinvestment Act Advisor Josh Silver on the Advance Notice of Proposed Rulemaking regarding CRA and what it means to communities throughout the country.
Audio: What is going on with the Community Reinvestment Act? Read More »
Like most beneficiaries of the Community Reinvestment Act, I was completely oblivious to this invisible law. Now I am grateful every day, seeing how clearly my parents’ homeownership transformed my life.
Affordable homeownership allowed my family to refinance after a health crisis Read More »
We hosted a Facebook Live video yesterday answering all sorts of questions about changes to the Community Reinvestment Act under consideration by the Trump administration.
We did a FBLive answering all your CRA commenting questions! Read More »
November 8, 2018 Reforming the Community Reinvestment Act Regulatory Framework Docket ID OCC-2018-0008 To Whom it May Concern: The National Community Reinvestment Coalition (NCRC) maintains that the Community Reinvestment Act (CRA or Act) has been one of the most valuable laws for increasing access to capital and credit for low- and moderate-income (LMI) communities. NCRC
“To be sure, the Community Reinvestment Act, like most regulations, can be improved. We’re eager to work with the regulatory agencies, Congress, banks and the entire financial sector to modernize it,” writes Jesse Van Tol, chief executive at the National Community Reinvestment Coalition.
The New York Times: A green light for banks to start ‘redlining’ again Read More »
The idea behind the one ratio is that it will immediately signal to banks whether they are in compliance with CRA and can reasonably expect to pass their next CRA exam.
The one big CRA fight over the one ratio Read More »
George Orwell was no banker, but if you applied his words to the current debate on the Community Reinvestment Act, he was correct: “The most effective way to destroy a people is to deny and obliterate their own understanding of their history.”
American Banker: Before modernizing CRA, consider its history Read More »
A group of 487 civil rights, fair lending, community, and consumer rights organizations today submitted to bank regulators a set of recommendations for strengthening the Community Reinvestment Act (CRA), a law designed to stop discrimination in mortgage and small business lending.
