Community Reinvestment Act of 1977
President Carter signing the Community Reinvestment Act on Oct. 12, 1977. (Jimmy Carter Library/National Archives and Records Administration)
The Community Reinvestment Act (CRA), title VIII of the Housing and Community Development Act of 1977, is a United States federal law designed to encourage commercial banks and savings associations to help meet the needs of borrowers in all segments of their communities, including low-and moderate-income neighborhoods. The CRA was passed in 1977 to reduce discriminatory credit practices against low-income neighborhoods, a practice known as redlining.
- Board of Governors of the Federal Reserve System: Community Reinvestment Act (CRA)
- Federal Reserve History: Promoting Consumer Protection and Community Development
- Federal Reserve History: Community Reinvestment Act of 1977
- FedCommunities: CRA Building Blocks for Change