New Orleans The Community Reinvestment Act or CRA is pushing towards its 50th anniversary. ACORN was one of the many groups pushing for its passage, and the first to challenge its effectiveness before the Federal Reserve. The CRA was designed to stop redlining and increase lending in minority and lower income areas where …
Category: Banks
The Green Bank for Low Income Communities
New Orleans The first thing we need to get clear is that the so-called “green bank” being touted by the Environmental Protection Agency (EPA) is not a bank. It’s a big pot of money, about $27 billion, that is part of the Biden administration’s Inflation Reduction Act (IRA). In reality, it’s an investment …
New York City In Between the Meetings
New York City No one is interested in my meetings, I’m sure, and if anything comes of them, you’ll all know soon enough, one way or another, but in between and alongside of the work might be worth some small attention. For example, on the East Side of Manhattan, where many of the …