A. Alfred Taubman College of Architecture and Urban Planning
Abstract
The Community Reinvestment Act (CRA) was passed in 1977 to combat the effects of discriminatory lending practices and disinvestment in low- and moderate income communities. It focuses on improving access for underserved communities, rather than underserved individuals. This spatial focus has drawn criticism since its passage, and changes in the lending industry and urban real estate markets call into question its relevance today. This paper will discuss the mechanics of the CRA, its effectiveness, and its relationship with two timely urban issues: gentrification and predatory lending.http://deepblue.lib.umich.edu/bitstream/2027.42/120325/1/Morris_TheCommunityReinvestmentAct.pd
