Affordable housing

Reactions to CRA plan signal long fight ahead


While the banking industry has applauded regulators’ effort, community groups say the proposal needs to be reworked or it will hurt those the law was meant to help.


A Community Reinvestment Act that works for everyone


Comptroller of the Currency Joseph Otting explains why his agency and the Federal Deposit Insurance Corp. have moved forward with a proposal to change the 42-year-old CRA.


Four big questions as CRA proposal nears official release


The banking industry could finally have answers soon on the degree of agreement between regulators reforming the Community Reinvestment Act, how they envision CRA zones of the future and other key matters.


Let’s rethink how CDFIs are examined


These community development-focused banks need tailored regulations to expand their purpose in helping underserved areas.


HUD asks for input on policies that may limit affordable housing


The Department of Housing and Urban Development is seeking public feedback on federal, state and local laws and regulations that may inhibit affordable housing or constrain the supply of housing.


Waters, Harris unveil plan to invest over $200B in affordable housing


The House Financial Services chair is sponsoring a bill with one of the Democratic presidential contenders aimed at alleviating the public housing capital backlog.


N.J. governor establishes public bank task force


Gov. Phil Murphy signed an executive order Wednesday establishing a board that would come up with a plan to create a public bank in New Jersey.


Trump to nominate FHA's Brian Montgomery as No. 2 at HUD


The Federal Housing Administration chief has already been serving as the acting deputy secretary of the Department of Housing and Urban Development.


Public banking gets green light in California


A new law authorizes municipalities in the nation’s largest state to charter their own financial institutions to reinvest public funds into the community.


Trump housing plan could have unintended consequences for FHA


The proposed reforms of Fannie Mae and Freddie Mac have gotten all the attention, but the administration also wants to scale back the Federal Housing Administration, expand its capital cushion and adopt risk-based pricing. Some of the ideas have former agency officials concerned.