NAAHL Statement on the Importance of a Stable CRA to Drive Investments in Affordable Housing and Local Economies

NAAHL Statement on the Importance of a Stable Community Reinvestment Act to Drive Investments in Affordable Housing and Local Economies

NAAHL has released a statement in response to the federal bank regulatory agencies’ announcement of their intent to issue a proposal to both rescind the October 2023 Community Reinvestment Act (CRA) final rule and reinstate the previous CRA framework.

Washington, D.C. (March 28, 2025) — The Community Reinvestment Act provides a financial lifeline to underserved communities and families, driving investments in housing supply, supporting small businesses, and boosting access to jobs and financial services.

While there are different perspectives on the CRA final rule issued in October 2023, NAAHL strongly supports a unified and stable CRA framework. Consistency is essential to ensuring that banks can continue making meaningful investments that strengthen local economies.

NAAHL remains committed to advocating for a strong CRA framework that empowers banks and local partners to address the housing shortage and expand economic opportunities in underserved markets, including rural and Tribal communities across the country.

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About National Association of Affordable Housing Lenders

Founded in 1990, the National Association of Affordable Housing Lenders (NAAHL) is the national alliance of banks, CDFIs, and other lenders and investors in affordable housing and community development.

For more information, visit www.naahl.org.