Washington, D.C., March 28, 2025 – David M. Dworkin, President and CEO of the National Housing Conference, issued the following statement in response to Regulators’ intent to rescind the Community Reinvestment Act (CRA) final rule:
“The Community Reinvestment Act (CRA) has been instrumental in ensuring that bank capital serves all communities across the United States. Financing agencies have built a community investment infrastructure over time that has generated significant investments in underserved areas and provided strong returns for the banking industry. As a result, communities have seen substantial benefits.
Although there remain areas for improvement, the impetus for reform over the past eight years has been the need for greater clarity and consistency. Given the history of competing regulatory efforts and court decisions, the most effective way to achieve this clarity and consistency is to maintain the current status of CRA under the 1995 rule.”
###
About the National Housing Conference (NHC): Founded in 1931, the National Housing Conference is the oldest and broadest housing coalition in America. NHC is a diverse continuum of affordable housing stakeholders who convene and collaborate through dialogue, advocacy, research, and education, to develop equitable solutions that serve our common interest—an America where everyone is able to live in a quality, affordable home in a thriving community. Politically diverse and nonpartisan, NHC is a 501(c)3 nonprofit organization. To learn more about NHC, visit www.nhc.org.