Community Reinvestment Act 

Notice of Public Rulemaking — Submit Comments by Friday, August 5

Changes to the Community Reinvestment Act will chart the community development sector's course for a generation or more. We encourage community development organizations to comment on the Notice of Proposed Rulemaking that was issued by the Office of the Comptroller of the Currency (OCC), the Federal Reserve (Fed) Board of Governors, and the Federal Deposit Insurance Corporation (FDIC) by August 5, 2022. The voice of the NACEDA network plays an important role in keeping banks accountable to the community development needs of the communities they serve. 

Model Letters and Resources
Please submit your comment letter to the Fed, the FDIC, and the OCC. You will find instructions on all of these letters and resources.

Focus Areas  
NACEDA used seven lenses to examine the proposed rule. We paid careful attention to how the rule:

  1. addresses race and equity as part of the exam process,
  2. changes assessment areas and the impact on community developers' ability to attract resources and capital
  3. balances stakeholders' desire for objective with communities' need to for local control and impact,
  4. clarifies and strengthens the role of community-based development organizations,
  5. impacts community development resources flowing through financial institution,
  6. establishes new structures for public data collection, particularly as it relates to community development finance,
  7. empowers communities and regulators to engage with each other as a new rule is finalized and implemented.