WebAug 23, 2024 · This article is part of a series on CRA best practices from an examiner’s perspective. Although this column focuses on CRA best practices for financial institutions, the content may provide insights to community development organizations working with financial institutions to meet credit and community development needs. WebJun 2, 2024 · The three key types of community development activities. CRA compliance is about more than just loans. CRA activities include loans, community service, and …
The Community Reinvestment Act, Bank Reinvestment, and …
WebCRA [SEE-R-A], noun: A dependent special district in which any future increases in property values are set aside to support economic development projects within that district. FRA CRA Brochure Community Redevelopment Agencies: What, When, and How CRAs, as they are known, are quite common, but often there are many questions in the minds of … WebSep 24, 2024 · CRA: An Examiner's Perspective: Updates to Economic Development. September 24, 2024. By Douglas Yarwood. This article is part of a series on CRA best practices from an examiner’s perspective. Although this column focuses on CRA best practices for financial institutions, the content may provide insights to community … blood labs in moline il
My SAB Showing in a different state Local Search Forum
WebNov 27, 2016 · Created November 27, 2016. Category CRA 101. Community development is a general term used to characterize the various types of activities that may qualify for positive consideration under the requirements of the Community Reinvestment Act. These activities at the highest level include: Affordable Housing for low- and moderate-income … WebJan 24, 2024 · 1) The results of any assessment of community development needs and opportunities provided by the institution; 2) The examiner’s review of performance context information from community, government, civic, and other sources; and. 3) Whether the amount and combination of community development loans, qualified investments, and … WebIn 1977, Congress enacted the Community Reinvestment Act (CRA), which required federal financial regulatory agencies to encourage regulated financial institutions to help meet the credit needs of their local communities, including low- to moderate-income neighborhoods. The law specified that such community lending activity be consistent … free crochet cat patterns