The Community Reinvestment Act (CRA), the federal law passed by Congress in 1977 as a response to redlining, is an important tool that we can use to help the communities we serve. CRA requires banks to meet the lending, investment, and banking services needs of the entire community, including low- and moderate-income (LMI) people.
While there is still much work to be done, over the years, banks working to comply with CRA regulations have made huge strides in their work to finance affordable housing, provide home and business loans, community development investments to affordable homes, and financial services that meet the needs of the entire community, especially LMI people and neighborhoods.
But in recent months, opponents have managed to prevent needed updates to CRA. Join CRA experts Kevin Hill, Senior Policy Advisor at the National Community Reinvestment Coalition (NCRC) and Bethany Sanchez, Senior Administrator for Fair Lending at the Metropolitan Milwaukee Fair Housing Council to learn more about how CRA can help us with our work to increase affordable housing. We can work together to not only protect it against attacks, but strengthen this important tool for our work!