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Community Reinvestment

The Community Reinvestment Act (CRA), enacted by Congress in 1977 (12 U.S.C. 2901) and implemented by Regulation 12 CFR parts 25, 228, 345, and 563e, is intended to encourage depository institutions to help meet the credit needs of the communities in which they operate. The CRA’s “sister” legislation is the Home Mortgage Disclosure Act (HMDA), enacted in 1975 to provide the public with mortgage lending data to help determine if financial institutions are serving the housing needs of their communities. This section of the website provides information about the regulations implementing the CRA and HMDA, any changes to these laws or their regulations, as well as any work or research Empire Justice Center does pertaining to CRA and HMDA data, including commenting on bank CRA exams.


2014: Access to credit remains tight for people and communities of color
While we are 5 years into the recovery, a Center for Responsible Lending analysis of the just-released 2014 data shows that we are still not making enough progress. Read More

Governor Cuomo Announces Slumlord Prevention Guidelines for Bank Lending to Protect Tenants and Strengthen Communities
The guidelines include new Community Reinvestment Act (CRA) regulations from the Department of Financial Services (DFS) that incentive banks to lend to landlords who are committed to the long-term health of a community – instead of quick-buck artist slumlords who let buildings fall into disrepair. Read More

Fed Study: Low Mortgage Rates No Boon to Refinancing in 2010
According to a new study by the Federal Reserve, despite historically low mortgage rates last year, refinancing activity struggled. Read More

Community Reinvestment: Articles


1930s Rochester redlining maps show discrimination
In the late 1930s, the federal Home Owners' Loan Corp. (HOLC) had the powerful responsibility of grading neighborhoods across the country to decide whether home mortgage refinancing there would be insured by the government. Read More

Long Island Communities Trying to Recover From the Foreclosure Crisis Lack Access to Mortgage Lending
Empire Justice Center Report finds that this key aspect of an economic recovery is not reaching low income families and communities of color Read More

Community Reinvestment: In the News


Joint Comments on Sterling Bancorp's Acquisition of Astoria Financial
We joined with other advocacy organizations representing Long Island to submit comments on Sterling Bancorp’s Proposed Acquisition of Astoria Financial Corporation. Read More

Empire Justice Center Comments on People's United Financial Bank Merger
We urge the Federal Reserve Bank of New York and the Office of the Comptroller of the Currency (OCC) to only approve this merger after People’s United creates a robust community benefits plan in conjunction with community advocates in the bank’s footprint that addresses the forward-looking goals and priorities of their expanding institution. Read More

Community Reinvestment: Policy Advocacy


The Long Island Foreclosure Crisis: Stabilizing the communities most impacted by foreclosures in Nassau and Suffolk Counties
Study identifies hardest hit towns and strategies to keep families in their homes and limit damage to the local tax base. Read More


Paying More for the American Dream VI
This report examines systemic inequities in the mortgage market, as reflected in neighborhood lending patterns based on race and ethnicity. The authors analyzed 2010 Home Mortgage Disclosure Act (HMDA) data, and compared conventional and government-backed prime mortgage lending in seven U.S. cities, based on borrowers’ race and ethnicity and the racial and ethnic composition of neighborhoods. Read More


Community Reinvestment: Publications


Legal Services Journal - Spring 2011
The spring 2011 issue area of the LSJ has a special focus on Consumer and Community Development issues. You will also find an article on "Policy News", "Settlement in Class Action Application Delays Case in Nassau" and "21st Century SSA.. Read More

Legal Services Journal - Fall 2010 Issue
The Fall 2010 issue of the Legal Services Journal continues an over thirty year practice of reporting on a wide range of poverty law topics. Additionally, this issue has a special focus on Domestic Violence and Immigration Law. Thanks to all our authors and special recognition to members of Empire Justice Center Practice Groups who specialize in Domestic Violence and Immigration for their articles. Read More

Community Reinvestment: Newsletters


Celebrating 30 Years of the Community Reinvestment Act
On January 24, 2008, the Greater Rochester Community Reinvestment Coalition and Empire Justice Center presented a forum celebrating 30 years of the Community Reinvestment Act. This forum is presented online in four parts. Read More


User-Friendly Access to Data on Mortgage Lending
The Consumer Financial Protection Bureau recently launched a new page on its website where the public can quickly access information on mortgage lending in their community. This data is provided via the Home Mortgage Disclosure Act and is often called HMDA data. Read More

Map the Key Issues in Your Community
Prepare an interactive map for your area showing economic, housing, education, employment, community development, neighborhood and population demographics. Read More

Overview of Community Reinvestment Act (CRA) and Regulations
The Community Reinvestment Act (CRA), enacted by Congress in 1977 (12 U.S.C. 2901) and implemented by Regulations 12 CFR parts 25, 228, 345, and 563e, is intended to encourage depository institutions to help meet the credit needs of the communities in which they operate. In this section of the web site, you can find out more about the regulation and its interpretation and information on CRA examinations. Read More