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Community Reinvestment Act |
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Community Reinvestment Act (CRA) Enacted by Congress in 1977, the CRA encourages banks to help meet the credit needs of their communities for housing and other purposes, particularly in neighborhoods with low or moderate incomes, while maintaining safe and sound operations. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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The Center, founded by the National Community Reinvestment Coalition, is working to end abuses associated with appraisal fraud and inflation, which occurs when a lender, appraiser, realtor, broker or title company improperly influences a home's value through the appraisal. We're on the verge of proving to the insurance industry that community reinvestment is good for communities and for the industry," said Tom Callahan, executive director of the Massachusetts Affordable Housing Alliance, a 15-year-old coalition that works to increase public and private investment in affordable housing. The problem is they don't even consider income in their study," argues John Taylor, president of the National Community Reinvestment Coalition, a Washington group made up of 480 community organizations. |
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Community reinvestment