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The Affordable Housing Tax Credit Coalition The Affordable Housing Tax Credit Coalition
  • ABOUT
    • About the AHTCC
    • AHTCC Members
    • AHTCC Leadership
    • Contact Us
    • Finding Housing
  • ADVOCACY
    • Affordable Housing for Veterans
    • COVID-19 Response
    • The Housing Credit
    • Legislation
    • Regulatory Issues
    • Resident Stories
    • AHTCC Legislative Priorities
  • AWARDS
    • Charles L. Edson Tax Credit Excellence Awards
    • Champion of Affordable Housing Award
    • David Reznick Lifetime Achievement Award
  • GALLERY
  • EVENTS
  • NEWS
  • VETERANS
  • JOIN AHTCC
Aug 29

The OCC Solicits Feedback on CRA Modernization

  • August 29, 2018
  • 2018 News, Community Reinvestment Act (CRA), Regulatory Issues

On August 28, 2018, the Office of the Comptroller of the Currency (OCC) released an Advance Notice of Proposed Rulemaking (ANPR) to seek stakeholder comments on the modernization of the Community Reinvestment Act (CRA). Comments are due 75 days after the issuance of this ANPR.

The OCC is looking to modernize the regulations that implement the CRA in order to better achieve the statute’s original purpose, increase lending and investment where it is needed most, and reduce the burden associated with reporting and assessing CRA performance. The ANPR solicits comment on a number of questions regarding improvements to the CRA regulations related to:

  • increasing lending and services to people and in areas that need it most, including in low- and moderate-income areas;
  • clarifying and expanding the types of activities eligible for CRA consideration;
  • revisiting how assessment areas are defined and used;
  • establishing metric-based thresholds for CRA ratings;
  • making bank CRA performance more transparent;
  • improving the timeliness of regulatory decisions related to CRA; and
  • reducing the cost and burden related to evaluating performance under the CRA.

The AHTCC will be providing feedback to urge that any changes to the CRA continue to support robust investment in the Low-Income Housing Tax Credit and a healthy affordable housing delivery system. If you have any questions, contact Emily Cadik, Executive Director, at emily.cadik@taxcreditcoalition.org.

 

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The Affordable Housing Tax Credit Coalition is a trade organization of housing professionals who advocate in support of the Low-Income Housing Tax Credit

LATEST NEWS FROM AHTCC

  • Biden Infrastructure Plan Calls for Housing Credit Expansion
  • AHTCC Testifies in IRS Hearing on Income Averaging Proposed Regulations

AHTCC ON TWITTER

25 Mar

Yesterday @EmilyCadik and @Michaeljgaber testified on behalf of the AHTCC in an IRS hearing on income averaging proposed regs. We're urging changes to restore full utilization of the income averaging ... flexibility and its benefits. Our summary here: https://www.taxcreditcoalition.org/ahtcc-testifies-in-irs-hearing-on-income-averaging-proposed-regulations/

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