11Nov
“DIY- Building a Blog for YOU and YOUR Business”
Webinar “DIY- Building a Blog for YOU and YOUR Business”
Event details
Chamber Event
CRA – Comment LAB – Part Two: From Knowledge to Action
Thu, Sep 246:30–7:30 PMOnline
The event has passed.
About this event
Event Details
Community reinvestment Act “CRA”
The Community Reinvestment Act (CRA) is a 1977 Federal Law designed to stop redlining and encourage banks to lend in all parts of their communities, including low- and moderate-income (LMI) areas. [1, 2]
💡 What the CRA Does
- Requires lending: Pushes banks to serve local credit needs. [1]
- Evaluates performance: Regulators grade banks regularly on LMI lending. [1]
- Drives investment: Encourages funding for community projects and local development. [1]
✅ Benefits for Communities
- Affordable housing: Drives major bank support for affordable housing programs like the Low-Income Housing Tax Credit (LIHTC). [1]
- Small business growth: Increases small business loans in working-class and urban neighborhoods. [1]
- CDFI support: Directs vital capital and deposits into Community Development Financial Institutions (CDFIs). [1]
- Branch access: Keeps physical bank locations and services open in underserved areas.
At a glance
DateThursday, September 24, 2026
Time6:30–7:30 PM
OnlineZoom LinkJoin details are in the event description.
Hosted byAfrican American Chamber of Commerce of Hudson Valley
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Event detailsCommunity reinvestment Act “CRA”
The Community Reinvestment Act (CRA) is a 1977 Federal Law designed to stop redlining and encourage banks to lend in all parts of their communities, including low- and moderate-income (LMI) areas. [1, 2]
💡 What the CRA Does
- Requires lending: Pushes banks to serve local credit needs. [1]
- Evaluates performance: Regulators grade banks regularly on LMI lending. [1]
- Drives investment: Encourages funding for community projects and local development. [1]
✅ Benefits for Communities
- Affordable housing: Drives major bank support for affordable housing programs like the Low-Income Housing Tax Credit (LIHTC). [1]
- Small business growth: Increases small business loans in working-class and urban neighborhoods. [1]
- CDFI support: Directs vital capital and deposits into Community Development Financial Institutions (CDFIs). [1]
- Branch access: Keeps physical bank locations and services open in underserved areas.