Started May 9, 2022 49
Following up on our recent update regarding the Notice of Proposed Rulemaking (NPR) from the Federal Reserve on the Community Reinvestment Act (CRA), we invite Housing Advisory Group members interested in contributing to the review process to advise us of your interest.
The HAG will be participating in several organizational reviews of the NPR for CRA. We value the perspective of practitioners that utilize and deal with the CRA in the investment in and production of affordable housing utilizing the LIHTC (Housing Credit). While the proposed CRA regulations seem favorable to LIHTC investment, we want to make sure the regulators (Fed, FDIC and OCC) have the industry’s input on all aspects of the proposed regulations.
If you are interested in participating in the overall process, or in a specific area of the proposed regulations, please let us know by emailing David Gasson. The process is beginning immediately so please do not hesitate to respond or let us know if you have any questions.
Thank you for your interest and continued support of our efforts to protect and expand the LIHTC and affordable housing production.
More information on the proposed rules can be found below.