Shelterforce Highlights Concern About Proposed Changes to Community Reinvestment Act

Amidst ongoing debate about proposed regulatory changes to the Community Reinvestment Act (CRA)Shelterforce’s March 5 article “Pulling the Rug From Under Community Development?” shares perspectives from a cross section of leaders from the community development industry.

Voices featured in the article include OFN’s chief external affairs officer Jennifer A. Vasiloff, as well as leaders of several OFN member organizations and partners, such as Priscilla Almodovar, CEO of Enterprise Community Partners; Tom Collishaw, president and CEO of Self-Help Enterprises; Maurice Jones, CEO and president of LISC; and Marietta Rodriguez, executive director of NeighborWorks.

“By changing the whole conversation to a numerical goal that banks have to work toward, you’re very much advantaging larger, easier transactions, and those are not always the ones that are most impactful,” Vasiloff says.

Read the full article