By Donna Kimura, Affordable Housing Finance
A final version of a rule updating the Community Reinvestment Act (CRA) is drawing strong criticism from affordable housing and community development leaders.
The concern is the rule published by the Office of the Comptroller of the Currency (OCC) could diminish low-income housing tax credit (LIHTC) investment and other key activities by banks. The rule goes into effect Oct. 1, with a phase-in period for the new requirements.
1025 Connecticut Avenue, NW
Suite 710
Washington, DC 20036
(202) 293-9850
1025 Connecticut Avenue, NW
Suite 710
Washington, DC 20036
(202) 293-9850
The Center for Community Lending (CCL) is a 501(c)(3) nonprofit that conducts and sponsors research about community lending. To support CCL’s mission, visit
centercommunitylending.org.
© 2021 National Association of Affordable Housing Lenders | Designed and Developed by Ibel Agency | All Rights Reserved
1025 Connecticut Avenue, NW
Suite 710
Washington, DC 20036
(202) 293-9850
1025 Connecticut Avenue, NW
Suite 710
Washington, DC 20036
(202) 293-9850
The Center for Community Lending (CCL) is a 501(c)(3) nonprofit that conducts and sponsors research about community lending. To support CCL’s mission, visit
centercommunitylending.org.
© 2021 National Association of Affordable Housing Lenders | Designed and Developed by Ibel Agency | All Rights Reserved