A New Approach To Bank Ratings Would Generate Billions More For Neighborhoods Reeling From The Pandemic

Tuesday, July 7, 2020

NCRC has recommended an approach that will make CRA ratings more rigorous. This white paper describes NCRC's suggested rating system and discusses our forecasts of increased dollars for LMI neighborhoods. The paper focused on community development (CD) financing. CD financing targets affordable housing, economic development projects and community facilities in LMI neighborhoods. NCRC suspects that the agencies have been lax in their examination of CD financing.