The Community Reinvestment Act of 1977 was the final of a suite of federal laws aimed at fighting racial segregation in housing. Congress is beginning to consider how best to modernize the act to meet the challenges of contemporary times.
The House Committee on Financial Services recently held a hearing on the Community Reinvestment Act, one of the Federal Reserve's oversight duties, according to an article by Claudia Sahm.
News coverage of the hearing, such as that found here or here, as well as the hearing itself, can be hard to follow. You thought monetary policy was a black box? Debates about the Community Reinvestment Act are a bewildering mix of technical jargon and heated “she said-he said” exchanges.
Sahm makes it clear why Americans should care about the Community Reinvestment Act, and calls for improvements to the Community Reinvestment Act that will "make it accountable to Main Street."
Since the Community Reinvestment Act was adopted in 1977, Congress updated the act once, in 1995, and is now preparing to do the same again. According to Sahm, "The purpose of the act is not yet fulfilled—neighborhoods today still differ sharply and substantially by race and income. Massive differences in wealth remain."
FULL STORY: Encouraging banks to serve the credit needs of everyone
More Fallout on Affordable Housing from Tax Bill
While the low income housing tax credit was retained, banks will be much less willing to purchase them due to their reduced corporate tax rate. That's just one way H.R. 1 will exacerbate divisions between the rich and poor in America's cities.
How a Government-Sponsored Enterprise Turned Away From its Housing Mission
A coalition of housing advocates is calling on the Federal Home Loan Bank system to return to its original purpose — lending to support housing.
Carbon Tax-and-Dividend Bill to Be Reintroduced
Two members of Congress, a Democrat and a Republican, both from Florida, will reintroduce their bill to put a tax on carbon emissions and return the revenue to the people in the form of a dividend.
Analysis: Cybertruck Fatality Rate Far Exceeds That of Ford Pinto
The Tesla Cybertruck was recalled seven times last year.
National Parks Layoffs Will Cause Communities to Lose Billions
Thousands of essential park workers were laid off this week, just before the busy spring break season.
Retro-silient?: America’s First “Eco-burb,” The Woodlands Turns 50
A master-planned community north of Houston offers lessons on green infrastructure and resilient design, but falls short of its founder’s lofty affordability and walkability goals.
Test News Post 1
This is a summary
Analysis: Cybertruck Fatality Rate Far Exceeds That of Ford Pinto
The Tesla Cybertruck was recalled seven times last year.
Test News Headline 46
Test for the image on the front page.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
EMC Planning Group, Inc.
Planetizen
Planetizen
Mpact (formerly Rail~Volution)
Great Falls Development Authority, Inc.
HUDs Office of Policy Development and Research
NYU Wagner Graduate School of Public Service