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Federal Reserve Bank of Philadelphia
Cascade
A Perspective on the Community Reinvestment Act
Eric S. Belsky
Abstract

This year marks the 40th anniversary of the passage of the Community Reinvestment Act (CRA). The CRA placed an affirmative obligation on banks and thrifts to provide credit in the communities in which they serve, particularly in low- and moderate-income (LMI) neighborhoods. Indeed, there is evidence that the CRA has made important contributions in bringing capital into these communities


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Eric S. Belsky, "A Perspective on the Community Reinvestment Act" , Federal Reserve Bank of Philadelphia, Cascade, volume 2, number 96, Summer 2017.
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Keywords: community development; CRI
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