National Alliance of Community Economic Development Associations                      December 17, 2021

Federal News
OCC Rescinds Harmful Community Reinvestment Act Rule

It’s official. The Office of the Comptroller of the Currency (OCC) issued a final rule to rescind the Trump administration’s Community Reinvestment Act (CRA) rule issued in June 2020. The updated rule mostly reverts CRA regulations to how they were instituted in 1995 when rules were jointly adopted by the OCC, Federal Reserve, and Federal Deposit Insurance Corporation (FDIC).

CRA requires banks to meet the credit needs of the communities where they do business and provides significant resources to nonprofits serving low- and moderate-income communities. The NACEDA network vigorously opposed the 2020 rule, which would have shifted billions of dollars away from communities that already struggle with disinvestment, racism, and economic disruption. We expect that there will be additional CRA rulemaking in early 2022 and will keep you posted on opportunities to take action. 

Announcing NACEDA’s Newest Board Members

During NACEDA’s 2021 Annual Meeting on Wednesday, NACEDA members voted on returning and new nominees for the NACEDA Board of Directors. The members elected five new members to the NACEDA Board: Lisa Much (Ohio CDC Association), Deveney Perry (BLDG Memphis), Pamela Bridgeforth (Philadelphia Association of CDCs), Claudia Wilson Randall (Community Development Network of Maryland), and John Fitterer (Massachusetts Association of CDCs).

2022 New Board Members

At the meeting, NACEDA members also reelected Stephen Glaude (Coalition for Nonprofit Housing and Economic Development), Paige Carlson-Heim (TD Charitable Foundation), Paul Ettorre (Woodforest National Bank), Matt Hull (Texas Association of CDCs), and Jessica Love (Prosperity Indiana). The members shared appreciation for outgoing board members Rick Sauer (Philadelphia Association of CDCs), Sharon Legenza (Housing Action Illinois), Marty Kooistra (Housing Development Consortium of Seattle - King County), and Marla Newman (City of Winston-Salem, NC). Thank you all for your years of commitment and passion for the community economic development field! 

Member News 
Texas Association Launches TXCPI Creative Placemaking Peer Sharing   

The Texas Association of Community Development Corporations launched the Texas Creative Placemaking Initiative (TXCPI) in collaboration with Texans for the Arts and Civic Arts. TXCPI is an emerging network of community development practitioners, arts organizations, artists, and community members. Their goal is to foster equitable and vibrant arts-based community development practices. Many of the practitioners we're bringing together are community development folks who have come to do creative placemaking work organically,” remarked Alison Zarider of the Texas association. “They see the needs and challenges on the ground in their communities and recognize creative placemaking as an exceptional tool to uplift the people that they serve.” Every month, TXCPI will hold a practitioner gathering for TXCPI affiliates to get together and connect, share resources for creative placemaking educational tools such as the Texas State Enabling Environment for Creative Placemaking White Paper, and continue to inspire each other.  

Funding & Job Opportunities

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