“What is low- and moderate-income or LMI?” is one of the most common questions we hear at findCRA. Most people may have a general understanding of what it means to be low-income, but under the federal Community Reinvestment Act, defining low- and moderate-income can seem overly technical and confusing. More […]
How AAA Scholarship Foundation Supports Bank CRA Investment through State Tax Liability Redirection
At findCRA, we seek out partners that are making an important impact in communities of need around the country. AAA Scholarship Foundation is empowering school choice through their innovative program while simultaneously supporting banks’ CRA initiatives. Read on to learn how AAA is making a difference. AAA Scholarship Foundation, Inc. (AAA) provides banks with […]
How EVERFI Is Revitalizing Puerto Rico Through CRA-Eligible Financial Education
Recently, many of our communities have experienced catastrophic disasters and one of the hardest-hit areas is Puerto Rico. Revitalizing disaster areas takes many forms. EVERFI is embarking on an important initiative that will help revitalize Puerto Rico through financial education. We wanted to share this program with you and provide you with information about […]
Key Moments in CRA History
In celebration of the 40th anniversary of the Community Reinvestment Act, we’ve collected some of the key moments in its history. Check them out and keep up with the celebration on Twitter at #CRAat40.
Revitalizing Paradise: How CRA Can Support Puerto Rico’s Rebuilding
There’s a lot that goes on every day around the world. While events used to dominate the national news cycle for weeks or even months, the rapid pace of information sharing has shortened this cycle to days or in some cases only hours. The unfortunate result is that our news […]
The World’s Greatest Toy Store May Disappear: CRA and the Retail Workforce
For any child that grew up in the era of G.I. Joe, Transformers and Care Bears, there was no greater experience than wandering the cavernous, local Toys R Us store. I remember walking down the aisles, with floors polished to the point you could see your reflection, and gazing upwards […]
Why Should Your Nonprofit Organization Care About CRA?
Why your CRA Story matters to your bank outreach efforts As a nonprofit, at some point in your bank outreach and relationship building efforts, you may have been told to seek out “CRA funding” or heard that the Community Reinvestment Act is a great way to talk to banks about […]
Affordable Housing is Not a Problem, It’s a Community Need
Affordable housing is a complicated issue. Not to be confused with “low-income” or “subsidized” housing, “affordable” means only that the housing can be had, without serious burden, by anyone making the median income as determined by state or county. In laymen’s terms, affordable housing is a social contract by which […]
Spring Cleaning Is For More Than Just Garages & Closets
You know that feeling. You’ve been cooped up in your house all winter and there’s nothing left to binge-watch on Netflix. The days are magically longer and sunnier thanks to a quick spring forward on your clocks. You look around and suddenly all those things that you set aside while […]
Unlocking the Vault: 5 Keys for Nonprofits Seeking Bank Partners
When banks are looking for ways to invest their money, whether in the community or in other opportunities, having a wide range of potential options is ideal and can open the door to numerous possibilities for growth and success. However, for nonprofits looking to invest in fundraising efforts, more options […]