Community Reinvestment Act Regulations

The Department of the Treasury and related agencies adopted revisions to rules implementing the Community Reinvestment Act, which revise the term "community development" to include loans, investments and services by financial institutions that support, enable or facilitate projects or activities that meet the "eligible uses" criteria described in Section 2301(c) of the Housing and Economic Recovery Act of 2008, as amended, and are conducted in designated target areas identified in plans approved by the Department of Housing and Urban Development under the Neighborhood Stabilization Program