What is the Community Reinvestment Act?
Established in 1934, the Federal Housing Administration (FHA) was designed to revive the struggling home construction industry and set lending standards. However, these standards also included discriminatory practices such as redlining, which significantly hindered wealth-building opportunities for people of color. In response, the Community Reinvestment Act was introduced around 40 years later to address and […]
23/07/2024
