Join CCEDA and CRC to discuss the Community Reinvestment Act and how it relates to the work of CDC’s, CAA’s and CAP’s.
Doni Tadesse, Southern California Organizer, California Reinvestment Coalition
For all questions, please email: email@example.com
What is CRA?
The CRA has been hugely impactful in providing credit, investments and financial services to underserved communities in California. In fact, the California Reinvestment Coalition, its members, and allies have negotiated over $75 Billion in loans, investments, and financial services for communities of color and low-income communities in California over the last two years as part of Community Benefits Agreements. Yet significant gaps remain in CRA rules and implementation, and the promise of CRA has not yet been realized. While the agencies make several positive suggestions in the proposed rule, we must oppose this proposal unless critical issues are addressed. The CRA must:
The use of the terms “people of color” and “communities of color” is meant to be inclusive of African American/Black, Latine/Hispanic, Asian American/Pacific Islander, and Native American persons and neighborhoods.