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The 1975 Home Mortgage Disclosure Act and the 1977 Community Reinvestment Act limited mortgage lenders' ability to provide discretion in issuing loans and requiring that lenders provide full disclosure of where and to whom they were providing housing loans, in addition to requiring that they provide loans for all areas where they do business. [21]
WASHINGTON (AP) — The Biden administration on Tuesday outlined how states and nonprofit groups can apply for $27 billion in The post Disadvantaged communities eligible for piece of $27B pie to ...
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.
The Empowerment Zone Program consists of three US congressional designations. [2] The Renewal Communities (RCs), Empowerment Zones (EZs) and Enterprise Communities (ECs) are highly distressed urban and rural communities that may be eligible for a combination of grants, tax credits for businesses, bonding authority and other benefits.
Executive Order 13985, officially titled Advancing Racial Equity and Support for Underserved Communities Through the Federal Government, is the first executive order signed by U.S. President Joe Biden on January 20, 2021. It directs the federal government to revise agency policies to account for racial inequities in their implementation.
The MBTA Communities Act, signed into law by former Gov. Charlie Baker, requires 177 cities and towns to have at least one zoning district of "reasonable size" that allows multifamily housing by ...
Out of all the mashed potato mistakes you can make, adding too much liquid to your spuds is sure to ruin your day. After all, nobody wants to take a scoop of soupy mashed potatoes! But what if you ...
A third provision of the Community Renewal Tax Relief Act of 2000 was the establishment of tax incentives for investment or loans provided to small businesses in low-income communities. [2] This tax credit, known as the New Markets Tax Credit Program , is established for investments in community development entities (CDEs).