central ministries

"
For the past 4 years, regulators have explored how to update and
modernize the CRA rules. How
well a bank meets the credit needs of a community should be more
important than whether it takes the form of a loan or investment.

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NAAHL Applauds Proposal by Bank Regulatory Agencies for a CRA Community Development Test

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regulators debt

"During that time, NAAHL has continued to
make the case for a Community Development Test," said Kennedy, "to
address some of the real-world problems with the existing rules, which
actually discourage banks from making the kinds of very high cost,
labor-intensive , lower-yield loans that are often the very ones most
needed for critical affordable housing and community development. NAAHL encompasses 200 organizations committed to increasing
private lending and investing in low- and moderate-income communities.

deposit society

agencies debt

"We are extremely disappointed that the Office of
Thrift Supervision (OTS) once again did not join the other regulatory
agencies in a CRA proposal , and we encourage the OTS to support it.
For more information visit
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The proposed rule change, announced late
yesterday by the Federal Deposit Insurance Corporation (FDIC) and the
Office of the Comptroller of the Currency (OCC), and expected to be a
joint proposal with the Federal Reserve Board, reflects NAAHL's
longstanding recommendation that a Community Development Test would
encourage lenders to provide innovative, complex community development
loans and services to low- and moderate-income (LMI) communities, and
put greater emphasis on what community development activities are most
needed in a community.

top banks

Business Editors/Real Estate Writers

WASHINGTON ----The National
Association of Affordable Housing Lenders (NAAHL), which represents
America's leaders in moving private capital to those in need,
applauded a proposed Community Reinvestment Act (CRA) rule change that
is a much improved proposal and an important first step toward
updating CRA regulations.
Members are the "who's who" of private sector lenders and investors in
affordable housing and community economic development: banks, thrifts,
insurance companies, community development corporations, mortgage
companies, loan consortia, financial intermediaries, pension funds,
foundations , local and national nonprofits, and public agencies.

society guarantors

finance debt

"
"We applaud the regulators for recognizing that community
development is essentially different from more standardized and higher
volume home mortgage and small business lending," said Kennedy.
"Community development activities may not generate as much volume, and
they often require more time to structure, but community development
activities are also essential to address critical community needs, and
can add value disproportionate to their size. DUBLIN, Ireland, Research and plus involved in the project business
-- project sponsors , big-ticket exporters, banks, multilaterals, export credit
agencies and government agencies, tax counsel, legal counsel and project
management, the magazine is now available in online format -- with
confidential access to upgraded subscribers.

government central

The agencies' proposed Community Development Test would only apply
to institutions with assets between $250 million and $1 billion."

The National Association of Affordable Housing Lenders (NAAHL)
represents America's leaders in moving private capital to those in
need.researchandmarkets.

debt central

"We
encourage the regulators to make this test available to all
institutions, including those over $1 billion in assets," said NAAHL
President Kennedy.