Housing News of the Week 10.9.19

Check out the recent news below to see what is happening this week in Housing News.

Improving CRA for Rural America
shelterforce.org
In the fall of 2018, the Office of the Comptroller of the Currency (OCC) initiated an effort to modernize the Community Reinvestment Act (CRA). Advocates are concerned that these efforts will mainly focus on weakening oversight and regulation. Regardless of one’s position on that issue, the banking industry in general, and indirectly the CRA, has been undergoing significant change, with more and more financial activities moving away from brick-and-mortar stores to the internet..

Homelessness is a national crisis, research finds – HUD claims affordable housing is not the answer
The Philadelphia Sunday Sun
For more than a decade, economists, lawmakers, and others have heralded the nation’s economy. Often citing how unemployment has declined as new jobs have been created, or about Wall Street trading and how major bank profits are rising, some might be led to believe that all is well in America. But as Sportin’ Life in the folk opera Porgy and Bess sang, “It ain’t necessarily so.”

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