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In recent years, the System has been subject to growing criticism that it has been inadequately supporting the housing and communitydevelopment mission given to it by Congress. This included nationwide listening sessions and other opportunities for public input. Part 1 of this two-part paper describes this more fully.
Are you one of the 95 percent of banks that are underreporting communitydevelopment loans under the Community Reinvestment Act (CRA)? SHOWNOTES: CommunityDevelopment Loans Demystified with Krista Shonk, VP & Senior Counsel, Regulatory Compliance and Policy, Fair & Responsible Banking, ABA.
2 The report came about at a time when the FHLBs have been increasingly criticized for neglecting their housing and communitydevelopment mission and instead using their subsidies and privileges to benefit their financial institution owners and executives. mortgage originations. More political than commercial.
The Asset Based CommunityDevelopment Institute is a great resource, having published a number of workbooks (the ones out of print are available as free pdfs). Park Pride, the Atlanta area friends of the parks organization, has an annual conference. So does Friends of the Parks in Chicago.
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