Enhancements Needed to the Community Reinvestment Act

The Community Reinvestment Act (CRA) of 1977, has become the most powerful engine of capital formation for developing affordable housing in the United States, according to research conducted by CohnReznick LLP, the nation’s 11th largest accounting, tax, and advisory firm. According to the new study, the CRA’s investment test is largely responsible for motivating U.S. [...]