New Orleans These are tough times for nonprofits, and, frankly, for just a ton of other folks as well. The appeals are daunting. So many, in fact, that there’s something between a dread and imposter’s syndrome that begins to intrude. Especially with things like Giving Tuesday, which is so ubiquitous that I figure …
Category: Banks
What to Make of New Community Reinvestment Rules
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 …
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 …