Community Development Innovation Review
February 2009
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Past issues
The Community Reinvestment Act and the Recent Mortgage Crisis
The Federal Reserve, together with the other federal financial regulatory agencies, has had some experience in addressing the credit needs of underserved communities, using the Community Reinvestment Act (CRA) as our guide. The CRA encourages financial institutions not only to extend mortgage, small business, and other types of credit to lower-income neighborhoods and households, but also to provide investments and services to lower-income areas and people as part of an overall effort to build the capacity necessary for these places to thrive.
Download the article (pdf, 265.55 kb)
Other articles in this issue
A Framework for Revisiting the CRA
The 30th Anniversary of the CRA: Restructuring the CRA to Address the Mortgage Finance Revolution
The CRA within a Changing Financial Landscape
The Community Reinvestment Act: Outstanding, and Needs to Improve
It’s the Rating, Stupid: A Banker’s Perspective on the CRA
The Community Reinvestment Act at 30 Years
A Tradable Obligation Approach to the Community Reinvestment Act
The Community Reinvestment Act: Past Successes and Future Opportunities
A More Modern CRA for Consumers
CRA Lending During the Subprime Meltdown
Expanding the CRA to All Financial Institutions
What Lessons Does the CRA Offer the Insurance Industry?
The Community Reinvestment Act: 30 Years of Wealth Building and What We Must Do to Finish the Job
The CRA as a Means to Provide Public Goods
Putting Race Explicitly into the CRA
Community Reinvestment Emerging from the Housing Crisis
A Principle-Based Redesign of HMDA and CRA Data