Monday, 29 November 2021 | The Latest Buzz for the Appraisal Industry

The ‘Unclear’ Future of the Community Reinvestment Act

A primary goal of 1977’s Community Reinvestment Act (CRA) was to reverse the effects of redlining, a practice by which the federal government and banks actively avoided lending to borrowers from lower-income and minority neighborhoods. Some housing advocates believe pending rule changes will weaken the CRA and that, though it could use some updates, now …

The post The ‘Unclear’ Future of the Community Reinvestment Act appeared first on DSNews.

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