Community Reinvestment Act (CRA) - Multimedia
Where a person lives matters—a ZIP Code can often predict a person's likely economic, health, education, and life outcomes. In this video, Raphael Bostic, president of the Atlanta Fed, discusses why fair housing matters, reflects on the legacy of housing discrimination, and describes the progress made to prevent housing discrimination and further fair housing as well as what remains to be done. The Fair Housing Act of 1968 made it illegal to discriminate in the sale or rental of housing, including against individuals seeking a mortgage or housing assistance, or in other housing-related activities, based on a person's race, color, national origin, religion, sex, familial status, and disability. Yet 50 years after the passage of this landmark legislation, housing remains segregated by race and income in many neighborhoods across the United States.
This Connecting Communities® webinar highlighted the new Opportunity Zones tax incentive, which aims to drive long-term equity capital to distressed communities by providing tax benefits on investments in Opportunity Funds. Speakers provided details on how the tax incentive is expected to work and highlighted emerging national and local strategies to engage residents around how these funds are deployed in their communities. Presenters included Rachel Reilly, Director, Impact Investing, Enterprise Community Partners; Eric Robertson, President, Communtiy LIFT; and Amanda Roberts, Senior Community Development Analyst, Federal Reserve Board of Governors.
This two-part Connecting Communities® webinar series highlights how banks and their partners can play an important role in workforce development and help fulfill bank obligations under the Community Reinvestment Act. Presenters for Part 2 include Priscilla Dinn Alvarez, VIDA (Valley Initiative for Development and Advancement); Barbara Mahnen, Bank of America; Andrea Stiles Pullas, Mi Casa Resource Center; Rubin Ramos, BBVA Compass; and Steven Shepelwich, Federal Reserve Bank of Kansas City.
This Connecting Communities® webinar, featured on January 11, 2018, highlights how financial institutions could receive Community Reinvestment Act consideration for taking advantage of new opportunities to help close the digital divide across communities and improve economic stability. Presenters include Jordana Barton, Federal Reserve Bank of Dallas; Jeanne Bonds, Federal Reserve Bank of Richmond; Chelsea Cruz and Adrian Franco, Federal Reserve Bank of New York; and Yolanda Davila, BBVA Compass.
This video, "CRA Community Development Defined," is part of the Federal Reserve System Video Series on The Community Reinvestment Act.
This video, "Leading Practices for Effective CRA Programs," is part of the Federal Reserve System Video Series on The Community Reinvestment Act.
This video, "The Small Bank and Intermediate Small Bank CRA Examination," is part of the the Federal Reserve System Video Series on The Community Reinvestment Act.
This article highlights the 8th consecutive gathering of the Appalachian Funders Network (AFN). Foundations and grant makers met in Central Appalachia to participate in a working meeting about aligning their investment resources.
Investing in America’s Workforce seeks to strengthen our nation’s economic potential through reframing and reimagining workforce development efforts, taking a broader view of them as investments, rather than as a limiting view centered on the delivery of social services. This initiative will connect businesses, government, nonprofit, and philanthropic partners to rethink policy and investments, attract new resources, and improve economic mobility for workers.
The following video presents information on the Small Bank and Intermediate Small Bank CRA Examination. The Community Reinvestment Act encourages depository institutions to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods, consistent with safe and sound operations.