Congressional testimony of Benson F. Roberts on the Community Reinvestment Act
Date Published: 09/16/2009
Author: Benson F. Roberts
Testimony of Benson F. Roberts, LISC Senior Vice President for Policy and Program Development, before the House Committee on Financial Services on the Community Reinvestment Act.
CRA and Community Development
I will focus my remarks on the relationship between CRA and community development activities, which include lending and investment for: multifamily rental housing; retail and other commercial real estate such as grocery stores and business facilities in low- and moderate-income neighborhoods and rural areas; community facilities such as health clinics and child care centers; construction and rehabilitation of owner-occupied homes; and community development financial institutions (CDFIs) that provide financing and technical assistance that banks cannot offer directly. Continued[+]...
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Topic: Policy
Type: Speech / Testimony / Briefing