The Fed, FDIC, and OCC have extensively revised rules implementing the Community Reinvestment Act (CRA), a 1977 law to encourage banks to help meet the credit needs of their communities, especially in ...

HUD is vital in enhancing homeownership and community development. Explore its programs like the Housing Choice Voucher and ...

Jerome Powell, chairman of the Federal Reserve, said Tuesday that the agency's final Community Reinvestment Act rule "will better achieve the purposes of the law by encouraging banks to expand access ...

On October 24, 2023, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency (together, the “Agencies”) issued ...

The New Markets Tax Credit (NMTC) program was created by Congress in December 2000, at the end of the Clinton administration. When initially passed, the program was to provide a total of $15 billion ...

There is a lack of information exchange between community development lenders and capital investors that limits the growth of a secondary market for community development assets. This obstacle limits ...

New solution will centralize and automate tracking of community development loans, investments, and services to improve compliance efficiency and regulatory readiness MINNEAPOLIS--(BUSINESS WIRE)-- ...