what is community reinvestment
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H.R. 4173 (111 th ): Dodd-Frank Wall Street Reform and Consumer Protection Act The Community Reinvestment Act (CRA) is a law intended to encourage depository institutions to help meet the credit needs of the communities in which they operate, including low- and moderate-income (LMI) neighborhoods, consistent with safe and sound banking operations. (CRA does not encourage the extension of unsafe or unsound credit.)
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Community Reinvestment Act The Community Reinvestment Act (CRA, P.L. 95-128, 91 Stat. 1147, title VIII of the Housing and Community Development Act of 1977, 12 U.S.C. § 2901 et seq.ongresswoman Eddie Bernice Johnson introduced new legislation -- (Community Reinvestment Modernization Act of 2009) -- on March 12, 2009 to expand the scope of CRA to include non-bank financial institutions, such as credit unions.
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FAQ's LINC UP engages in effective community revitalization through partnerships and collaborations with numerous community-based organizations and other neighborhood stakeholders. LINC UP is founded on the premise of linking community organization efforts with real estate development. We use both cutting edge community development techniques and the latest tools for real estate development in helping neighbors, business owners, and community stakeholders realize their visions for the community.
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- The Effectiveness of the Community Reinvestment Act Congressional Research Service 3 This report informs the congressional debate concerning the CRA’s effectiveness in incentivizing bank lending and investment activity to LMI customers.he Effectiveness of the Community Reinvestment Act Congressional Research Service 16 Finally, because lenders’ CRA status is a factor in merger approvals, banks interested in mergers may be encouraged to engage in CRA-eligible activities. 73 In recent years, the pace of bank mergers has slowed for several reasons.
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- Through this designation, RECAP will receive federal Community Services Block Grant (CSBG) funds to provide targeted programs and services promoting economic independence for low-income individuals and families within the City of Newburgh. CSBG funds are administered in New York by the New York Department of State.
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- 1 Community stories Sharing the achievements of a different style of banking. 2  Community partnerships With our partners we're giving back to our communities. 3  Communities Communities is the Bendigo Bank crowd funding platform.  Community campaigns & programs With support, people are capable of achieving great things.
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Community mobilization Community mobilization. Introduction. When planning and implementing HIV counselling and testing services it is essential also to plan and implement community mobilization activities. Social mobilization for HIV counselling and testing means providing the community with adequate information and support about all aspects of these services.
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- To this end, reallocation of existing resources is. a tool that may be used. Reallocation of existing US Department of Housing and Urban Development (HUD) Continuum of Care (CoC) funding should be undertaken with the utmost care. Definition. Reallocation; per Section III.A.3 (h) of the FY 2016 CoC Program NOFA: Reallocation is when a CoC shifts funds. in whole or part from existing eligible renewal projects to create one or more new projects without decreasing.
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Consumer and Community Affairs The report outlines the risks and regulatory considerations of LIHTC. investments, including the considerations these investments receive in Community. Reinvestment Act (CRA) examinations. The Office of the Comptroller of the Currency (OCC) obtained the information for this.
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Community Community development is often linked with community work or community planning, and may involve stakeholders, foundations, governments, or contracted entities including non-government organisations (NGOs), universities or government agencies to progress the social well-being of local, regional and, sometimes, national communities.
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- 16 Chapter 2 Understanding Community Participation. note that there should be a fair and equitable distribution of beneﬁ ts, as well as re-. distribution of goods and services, to enable poorer people to get a fairer share of. society’s wealth and to participate fully in the development process.
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Government policies and the subprime mortgage crisis Revisiting the CRA: Perspectives on the Future of the Community Reinvestment Act47 T he Community Reinvestment Act (CRA) of 1977 responded to charges of redlining and dis-crimination by financial institutions.evisiting the CRA: Perspectives on the Future of the Community Reinvestment Act52 The results suggest that the higher default risk of subprime loans is significantly associated with the characteristics of the loan product and the origination channel (see Table 1).
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- The Journal of Community Practice is an interdisciplinary journal grounded in social work. It is designed to provide a forum for community practice, including community organizing, planning, social administration, organizational development, community development, and social change.
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- From Wikipedia, the free encyclopedia. Community engagement refers to the process by which community benefit organizations and individuals build ongoing, permanent relationships for the purpose of applying a collective vision for the benefit of a community.
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- Since community garden plots are gardened by individuals or families, volunteering in a community garden typically does not mean planting or harvesting. Volunteer opportunities in community gardens are most often related to garden construction or improvement. Click here to learn more about volunteering with DUG.
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- Commonly Used Terms in Community Economic Development. 1  Community - A group of people in the same geographic location with specific geographic, demographic or social boundaries. 2  Community Economic Analysis - examines how a community is put together economically and how it responds to external and internal stimuli.
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Private equity Venture capital or VC is a broad subcategory of private equity that refers to equity investments made, typically in less mature companies, for the launch of a seed or start-up company, early stage development, or expansion of a business.
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reintermediation Definition of reintermediation: Finance: Flow of investors' funds into bank deposits, from non-banking investments such as real estate or stock market. Reintermediation occurs when interest rates are rising or when there is too much ...
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Civic engagement Civic engagement. Civic engagement or civic participation, according to the American Psychological Association, is individual and collective actions designed to identify and address issues of public concern.[1] It can be defined as citizens working together to make a change or difference in the community.
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Community Foundations: What they do and why they work Because the community foundation is focused on the totality of a community’s needs, it can weave together broad-scale solutions from all its funds and test new approaches.
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- Cavaye Community Development. “The real voyage of discovery consists not of seeking new landscapes, but in having new eyes.” - Marcel Proust. Rural community development is a process conducted by community members. It is a. process where local people can not only create more jobs, income and infrastructure, but also help their community become fundamentally better able to manage change. The “concrete” benefits of community development, such as employment and.
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E. Coli Infection However, some types of E. coli, particularly E. coli 0157:H7, can cause intestinal infection. Symptoms of intestinal infection include diarrhea, abdominal pain, and fever. More severe cases can lead to bloody diarrhea, dehydration, or kidney failure.
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Community A community is a small or large social unit who have something in common, such as norms, religion, values, or identity. Communities often share a sense of place that is situated in a given geographical area or in virtual space through communication platforms. Durable relations that extend beyond immediate genealogical ties also define a sense of community. People tend to define those social ties as important to their identity, practice, and roles in social institutions like family, home, work, g
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- Community Outreach. (k uh-myoo-ni-tee out-reech) (n.). The practice of offering support to community members. Community outreach workers may work for cities, counties or school districts. They distribute informational material on services available to the residents, and they serve as liaisons between the residents and the agencies providing the social services.
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Credit Law 1 The Community Reinvestment Act is intended to encourage depository institutions to help meet the credit needs of the communities in which they operate, including low-and moderate-income neighborhoods, consistent with safe and sound banking operations.
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Business | Business Grants, Loans and Tax Credits How to apply to establish a CRA. In order to use the Community Reinvestment Area program, a city, village, or county petitions to the Ohio Development Services Agency (ODSA) for confirmation of a geographical area in which investment in housing has traditionally been discouraged. Click herefor the process to establish a Community Reinvestment Area. Once an area is confirmed by the Director of ODSA, communities may offer real property tax exemptions to taxpayers that invest in that area.