Incentive to Impact: How CRA Leverages Private Investments into Affordable Housing, Homeownership, Small Businesses, and Local Economies

Jul 23

Written By National Association of Affordable Housing Lenders

Incentive to Impact is a comprehensive analysis of how the Community Reinvestment Act (CRA) leverages private investment to support affordable housing, homeownership, and small businesses across the United States.

The report finds that in 2024 alone, CRA incentivized more than $430 billion in loans and investments in low- and moderate-income communities. This is nearly six times the combined federal budgets of the U.S. Department of Housing and Urban Development (HUD), the USDA Rural Housing Service, the Small Business Administration (SBA), and the CDFI Fund.

read the report

read the fact sheet

Policy Brief

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.