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Michael Rubinger testifies on the Community Reinvestment Act (CRA)
07/19/2010, Michael Rubinger The Board of Governors of the Federal Reserve System (FRB), the Federal Deposit Insurance Corporation (FDIC), The Office of the Comptroller of the Currency (OCC), and the Office of Thrift Supervision (OTS) are holding a series of joint public hearings to receive public comments as they consider updating regulations governing procedures for assessing a financial institution's performance under the Community Reinvestment Act (CRA).
The agencies will consider how to update the regulations to reflect changes in the financial services industry, changes in how banking services are delivered to consumers today, and current housing and community development needs. The agencies also want to ensure that the CRA remains effective for encouraging institutions to meet the credit needs of communities. While the agencies recognize public comments may discuss matters requiring statutory changes, the agencies’ focus is on potential regulatory changes.
Michael Rubinger, president and CEO of LISC, testified before the panel in Arlington, Virginia on July 19, 2010.
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Affordable housing for families and neighborhoods: The value of low-income housing tax credits in New York City
06/24/2010, Chris Walker, Director of Research, LISC Since the late 1980s, the Federal Low-Income Housing Tax Credit (LIHTC) has acted as an engine of affordable housing production, building about 2 million high-quality units that rent for amounts working families can afford to pay. Organizations working to improve
conditions in low-income communities have also used the program to revitalize hundreds of once-downtrodden neighborhoods. Drawing on the program’s experience in New York City, this report joins a growing body of technical research examining the tax credit’s value to communities and low-income families nationwide.
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2010 Charter School Facility Finance Landscape
06/19/2010, Elise Balboni, Reena Bhatia, Kathy Olsen, Sara McCuistion, Jeffrey Meyers of LISC A mapping survey of private nonprofit and public financing programs for charter schools across the U.S.
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Policy Brief: H.R. 4868, Housing Preservation and Tenant Protection Act
03/19/2010, LISC The House of Representatives announces legislation to preserve affordable rental housing. LISC welcomes this comprehensive bill that addresses major risks to continued affordability in rental housing. In this policy brief, LISC's Policy department and national program in Affordable Housing Preservation provides guidance on understanding H.R. 4868.
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