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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.) is a United States federal law designed to encourage commercial banks and savings associations to help meet the needs of borrowers in all segments of their communities, including low- and moderate-income neighborhoods.
“There are pros and cons to leased-land living,” says Zach Wahls, an Iowa state senator and vice president of community investment and development at GreenState Credit Union.
This practice has had a long-lasting impact on housing affordability and access to homeownership for minority communities in the United States. Redlining became widespread in the 1930s and continued for several decades but was officially banned with the passage of the Fair Housing Act in 1968 and the Community Reinvestment Act in 1977. [24]
GoBankingRates checked in with a few real estate experts to uncover some of the smaller cities you might want to check out. You’ll also learn about the pros and cons of small-city living and ...
Pros and cons of new-construction homes. Jennifer Bradley Franklin. January 16, 2024 at 9:54 AM. ... a real estate agent with Masters Utah Real Estate in Salt Lake City. “New development has ...
Economist Paul Krugman and attorney David Min have argued that Fannie Mae, Freddie Mac, and the Community Reinvestment Act (CRA) could not have been primary causes of the bubble/bust in residential real estate because there was a bubble of similar magnitude in commercial real estate in America [71] — the market for hotels, shopping malls and ...
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