findCRA Joins the National Conversation on Compliance at the ABA Regulatory Compliance Conference

findCRA will be onsite at the American Bankers Association’s Regulatory Compliance Conference in Orlando, Florida the week of June 21st through June 24th. findCRA will be an exhibitor at the nation’s leading compliance conference, bringing together compliance and CRA professionals and industry thought leaders from around the nation.  The multi-day event will […]

findCRA’s President, COO & Co-Founder Invited to Discuss Fintech and CRA at Lendit Fintech 2022 in New York

findCRA’s President, COO, & Co-Founder, Brian Waters, will participate in a panel discussion with other Fintech and industry leaders at the annual LendIt Fintech conference in New York City next week. The panel will explore how the Fintech ecosystem has worked to achieve its perceived promise of financial inclusion and […]

HUD: Rental Assistance Demonstration Conversion Transaction Closed with the Cuyahoga Metropolitan Housing Authority

174 units of deeply affordable rental homes to be preserved for low-income seniors in Cleveland, Ohio The U.S. Department of Housing and Urban Development’s Office of Multifamily Housing on February 28 announced that it has closed a Rental Assistance Demonstration (RAD) transaction with the Cuyahoga Metropolitan Housing Authority (CMHA) in […]

SBA: New Funding Announced to Expand Outreach Center for Women Entrepreneurs through Minority Serving Institutions

$1.5M Will be Awarded to Support the Expansion of the Agency’s Women’s Business Centers Across HBCUs and Higher Education Institutions Serving Hispanic, Tribal and AAPI Communities Today, Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice for America’s 32.5 million small businesses in President Biden’s Cabinet, announced […]

Federal Reserve: Household Survey Shows Sustained Rise in Reported and Expected Spending Growth

The Federal Reserve Bank of New York’s Center for Microeconomic Data today released the December 2021 Survey of Consumer Expectations (SCE) Household Spending Survey, which provides information on individuals’ experiences and expectations regarding household spending. The survey shows a continued rise in monthly household spending growth, with spending growth moving well […]

What are CRA Income Characteristics?

On your findCRA nonprofit profile, you can add CRA Income Characteristics for the clients your nonprofit serves at both the organization level and for each of your programs.  The CRA Income Characteristics can be different for each option. The primary focus of CRA is supporting communities and individuals who are […]

How do I complete the Percent LMI Served field?

Completing the “Percent LMI Served” field on your findCRA nonprofit profile is an important part of showing how your organization aligns with CRA and garnering bank support.  As banks often rely on this calculation to determine which organizations to support, it is critical that you complete this percentage accurately. Under CRA, low-income is […]

SBA: $5.4 Million in Prizes Announced to Nearly 100 Awardees to Support Inclusive Entrepreneurship in the Innovation Ecosystem

Today, U.S. Small Business Administration Administrator Isabella Casillas Guzman announced 84 winners for the Growth Accelerator Fund Competition (GAFC) and eight winners for the Small Business Innovation Research (SBIR) Catalyst competition, a new component aimed at spurring investment in underrepresented communities within the innovation economy at scale, receiving a combined total of $5.4 […]

CFPB: Report Shows Renters at Risk as COVID-19 Safety Net Ends

Stimulus Checks and Other Payment Relief Linked to Renters’ Financial Stability The Consumer Financial Protection Bureau (CFPB) today released a report warning that millions of renters and their families may suffer previously avoided economic harms of the COVID-19 pandemic as federal and state relief programs end. The report, “Financial conditions […]