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CRA |
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``It's not OK to just give money out, and it's clear the CRA has not done its job in determining how its money is being used,'' Chick said at a City Hall news conference where she released the audit. The CRA was enacted in 1977 to encourage federally insured banking institutions (commercial banks and savings associations) to help meet the credit needs of their communities, including those of lower-income areas, in a manner consistent with their safe and sound operation. To accommodate Lennar, as well as several other developers suddenly expressing interest in pursuing downtown projects, local redevelopment officials are contemplating the creation of a new CRA project area downtown, the Business Journal has learned. |
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