Today the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) announced that the public comment period for proposed regulatory changes to the Community Reinvestment Act (CRA) has been extended by 30 days. Comments are now due April 8, 2020. See the OCC and FDIC press release here.
The AHTCC is urging that any changes to CRA preserve the incentive it provides for investment in the Housing Credit, and maintain our current ability to produce homes that are affordable to low-income households. To join the AHTCC’s CRA Working Group to help shape our response, please email Megan John.
We encourage all Housing Credit stakeholders to comment on the proposed rule, and the AHTCC will be providing additional information to help inform AHTCC members’ responses.