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

Community Reinvestment Act
Written By National Association of Affordable Housing Lenders

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.

National Association of Affordable Housing Lenders

NAAHL is the only national alliance of banks, CDFIs, and other capital providers dedicated to expanding economic opportunity by financing affordable housing and neighborhood revitalization. NAAHL has worked to advance responsible community reinvestment, fight predatory lending, and strengthen public-private partnerships.

Previous

Fact Sheet: Growing Number of States Boosting Affordable Housing Supply through HUD Risk-Sharing
Next

Statement from NAAHL on March 14 Executive Order Aiming to Reduce Scope of CDFI Fund