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Community Reinvestment Act

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Related Information
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 -   Presentation Slides - "How the Community Reinvestment Act can Assist Neighborhood Networks Centers"; Neighborhood Networks Virtual Conference, Dec. 7, 2000

The Community Reinvestment Act (CRA), passed in 1977, holds banks and savings institutions accountable for meeting the credit needs of all communities they are chartered to serve, including low- and moderate-income communities. Under the legislation, federal banking agencies periodically evaluate banks to ensure that they are attentive to community needs.

To ensure a positive CRA evaluation, banks actively cultivate links to the community, especially through providing funds and services to a community-based program like Neighborhood Networks. Contact the CRA officer at your local bank. The bank may be willing to sponsor an innovative new welfare-to-work program or bank employees may be willing to teach a course on financial literacy for residents.

Neighborhood Networks centers can benefit from the CRA by working with their local banks and financial institutions to promote increased community-lender partnerships. These partnerships can lead to greater resources available in the community to promote sustainability and development.

The links below and to the right provide more information on CRA and the opportunities it presents to Neighborhood Networks centers.

 
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