Washington State Could Lose $3 Billion in Community Development Investments With Proposed Changes To CRA, NCRC’s President and CEO Jesse Van Tol Says
“Luckily, Washington has had a state CRA since 1985,” said Van Tol. “Washington’s CRA gives state regulators a way to prevent the significant declines in the quantity and quality of community development financing that the federal proposed rule would bring to their state. We strongly encourage all states to establish and strengthen their own Community Reinvestment Acts in response to the proposed rollbacks at the federal level.”