Accountability Community Development Regulations 
CRA Today
APRIL 10, 2024
link] In the past, regulations narrowly defined the provision of financial services. To qualify a community development service, it has to have a primary purpose of community development, be offered on behalf of the bank, and must be related to the provision of financial services.
CRA Today
OCTOBER 21, 2021
Are you looking to take your community development services to the next level? Episode 44: Economic Development as a Key to Community Development Services. Episode 42: I Bet You Are Underreporting Your Community Development Loans… Most Banks Are Too! Episode 29: How to Do the Undoable Deal.
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CRA Today
OCTOBER 20, 2021
Are you one of the 95 percent of banks that are underreporting community development loans under the Community Reinvestment Act (CRA)? SHOWNOTES: Community Development Loans Demystified with Krista Shonk, VP & Senior Counsel, Regulatory Compliance and Policy, Fair & Responsible Banking, ABA.
The Stoop (NYU Furman Center)
MARCH 11, 2024
In recent years, the System has been subject to growing criticism that it has been inadequately supporting the housing and community development mission given to it by Congress. Today, agency MBS outstanding is about $9 trillion, two-thirds of all first-lien mortgage dollars, while bank-held mortgage loans only account for $2.6
The Stoop (NYU Furman Center)
MARCH 4, 2024
2 The report came about at a time when the FHLBs have been increasingly criticized for neglecting their housing and community development mission and instead using their subsidies and privileges to benefit their financial institution owners and executives. 25] He resigned in 2004 due to accounting irregularities. [26]
Center for Community Progress
JUNE 6, 2022
At the height of the foreclosure crisis post-2008, a group of elected officials, community development practitioners, and lawyers came together to craft a strategy to respond to the hemorrhaging real estate market in Ohio. As a result, many of these lots remain in municipal land banks for years.
Community and Economic Development Program of UNC
NOVEMBER 26, 2024
Accordingly, local government programs should account for federal rules prohibiting “duplication of benefits” (or DOB) from other sources. In federal housing and community development programs, including CDBG-DR, moderate income is defined as households earning no more than 80% of the area median income (AMI). [3] 157-3(15b).
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