Since the 1977 enactment of the CRA, a legitimate and complex community development industry has evolved. During this time CRA has been debated, lauded, threatened, strengthened and some argue, watered down. Given the continued scrutiny and ever-present naysayers many, including myself, often question where the spirit of CRA has gone.
The views expressed are not necessarily those of the Federal Reserve Bank of San Francisco or of the Federal Reserve System. Material herein may be reprinted or abstracted provided Community Investments is credited. Please provide our Community Development Department with a copy of any publication in which material is reprinted.
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Table of Contents
Editor’s Notebook
Joy Hoffmann Molloy
National Housing Development Corporation
Kathy Kenny and John Trauth
Equity Capital Creates Rural Jobs
David Kleiber
CRA Leadership Council Members
Sovereign Lending
Craig Nolte
Affordable Multifamily Mortgage Risk: One Lending Consortium’s 10-Year History
Mary Kaiser and George H. Vine
District Bulletin