{"id":2185,"date":"2022-07-15T14:12:46","date_gmt":"2022-07-15T14:12:46","guid":{"rendered":"https:\/\/www.liifund.org\/2022\/07\/15\/cdfi-wins-opportunities-and-challenges-in-the-proposed-cra-rule\/"},"modified":"2023-10-27T16:08:22","modified_gmt":"2023-10-27T16:08:22","slug":"cdfi-wins-opportunities-and-challenges-in-the-proposed-cra-rule","status":"publish","type":"policy","link":"https:\/\/www.liifund.org\/policy\/cdfi-wins-opportunities-and-challenges-in-the-proposed-cra-rule\/","title":{"rendered":"CDFI Wins, Opportunities, and Challenges in the Proposed CRA Rule"},"content":{"rendered":"<section class=\"wp-core-paragraph\"><div class=\"container\">\n<p><span data-contrast=\"auto\">August 5<\/span><span data-contrast=\"auto\">th<\/span><span data-contrast=\"auto\"> is an important date that all community development stakeholders should have marked on their calendars &#8212; the deadline to submit public comment letters in response to the banking regulators\u2019 <\/span><a href=\"https:\/\/www.federalreserve.gov\/consumerscommunities\/community-reinvestment-act-proposed-rulemaking.htm\"><span data-contrast=\"none\">proposed rule on the Community Reinvestment Act (CRA)<\/span><\/a><span data-contrast=\"auto\">. CRA is one of the most important drivers of bank investments in community development and this reform period may set the rules governing our community development finance ecosystem for the next decade or more.&nbsp;<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">&nbsp;<\/span><\/p>\n<\/div><\/section><section class=\"wp-classic\"><div class=\"container\">\n\n<\/div><\/section><section class=\"wp-core-paragraph\"><div class=\"container\">\n<p><span data-contrast=\"auto\">The proposed rule reflects several years of work and iterations of public feedback, and importantly acknowledges that a <\/span><a href=\"https:\/\/www.liifund.org\/justgoodcapital\/2020\/05\/28\/final-cra-rule-remains-the-wrong-approach-at-the-wrong-time\/\"><span data-contrast=\"none\">quantitative metric alone cannot sufficiently measure the complexities of our work<\/span><\/a><span data-contrast=\"auto\">; we are in a far better place in this conversation than we were a year or two ago.&nbsp;<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">&nbsp;<\/span><\/p>\n<\/div><\/section><section class=\"wp-classic\"><div class=\"container\">\n\n<\/div><\/section><section class=\"wp-core-paragraph\"><div class=\"container\">\n<p><span data-contrast=\"auto\">The comment period is an opportunity to share support for the several positive proposals impacting Community Development Financial Institutions (CDFIs) while also urging the agencies to better emphasize community development in the overall CRA examination and more directly support racial equity initiatives in this anti-redlining law.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">&nbsp;<\/span><\/p>\n<\/div><\/section><section class=\"wp-classic\"><div class=\"container\">\n\n<\/div><\/section><section class=\"wp-core-paragraph\"><div class=\"container\">\n<p><span data-contrast=\"auto\">My perspective comes from over 25 years of leading and advising community development teams, at private financial institutions, on the boards of community development organizations, and now as CEO of the Low Income Investment Fund (LIIF). I know firsthand the opportunities and challenges associated with the current CRA rules. While this important law has delivered billions of dollars into underserved communities, disparities by income and by race are increasing. In the face of challenging times ahead, we need to ensure that banks are both obligated and incentivized to deepen their investments in the communities they serve.&nbsp;&nbsp;<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">&nbsp;<\/span><\/p>\n<\/div><\/section><section class=\"wp-classic\"><div class=\"container\">\n\n<\/div><\/section><section class=\"wp-core-paragraph\"><div class=\"container\">\n<p><span data-contrast=\"auto\">To achieve this goal, our comments will reflect the following suggestions:<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">&nbsp;<\/span><\/p>\n<\/div><\/section><section class=\"wp-classic\"><div class=\"container\">\n\n<\/div><\/section><section class=\"wp-core-list\"><div class=\"container\">\n<ul class=\"wp-block-list\">\n<li><b><span data-contrast=\"auto\">Require a minimum amount of community development finance activity be in the form of equity investments in order for a bank to achieve a passing rating.<\/span><\/b><span data-contrast=\"auto\"> The proposed rule makes a major structural shift by combining community development loans (debt) and investments (equity) under one Community Development Financing Test. This removes the longstanding precedent where equity investments comprise 25% of a bank\u2019s overall CRA rating. Equity investments can be costlier and more time-consuming activities than loans but are also a critical form of capital in the community development finance ecosystem that must be intentionally retained. <\/span><span data-contrast=\"auto\">LIIF is deeply familiar with the importance and impact of community development equity investments as both a leading recipient of New Markets Tax Credits as well as part owner of the National Affordable Housing Trust (NAHT), a leading nonprofit Low Income Housing Tax Credit syndicator.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">&nbsp;<\/span><\/li>\n\n\n\n<li><b><span data-contrast=\"auto\">Ensure community development activities meaningfully count towards a bank\u2019s overall rating. <\/span><\/b><span data-contrast=\"auto\">The proposed rule reduces a bank\u2019s incentive to achieve a strong rating on its Community Development Test by setting a <\/span><a href=\"https:\/\/nhc.org\/the-future-of-cra-is-in-doubt\/\"><span data-contrast=\"none\">disproportionately low weight for community development activities<\/span><\/a><span data-contrast=\"auto\"> compared to retail lending activities. The Community Development Test and the Retail Lending Test should receive equal weighting \u2013 each 50% of a bank\u2019s overall CRA rating \u2013 to ensure consistent emphasis on diverse community credit needs. While home mortgages and small business loans are absolutely core to bank\u2019s responsiveness to local credit conditions, so too are the affordable housing developments, child care programs, health clinics, community centers and other local assets, services and amenities that make up neighborhoods. These resources provide an outsized impact in communities but tend to receive less focus from the financial sector.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">&nbsp;<\/span><\/li>\n\n\n\n<li><b><span data-contrast=\"auto\">Meaningfully incorporate demographic data in a bank\u2019s CRA evaluation to determine whether a bank is meeting the credit needs of the entire community<\/span><\/b><span data-contrast=\"none\">. Although the CRA statute directs the agencies to evaluate how banks meet the credit needs of their <\/span><i><span data-contrast=\"none\">entire<\/span><\/i><span data-contrast=\"none\"> communities, the proposed rule maintains its current emphasis on serving low- and moderate-income communities and neglects to collect, track, or incorporate racial demographic data in the examination process. Without data disaggregated by race and ethnicity, the regulators will not be able to fully assess a bank\u2019s track record of meeting the credit needs of its entire community, <\/span><span data-contrast=\"auto\">nor can the industry begin to more directly consider or craft products and services focused on racial equity. <\/span><span data-contrast=\"none\">Ideally, racial demographic data is needed across CRA activities, including community development, so that the agencies can capture an accurate and complete picture of how banks are meeting the credit needs of their entire communities \u2013 including communities of color.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">&nbsp;<\/span><\/li>\n\n\n\n<li><b><span data-contrast=\"auto\">Incorporate Special Purpose Credit Programs (SPCPs) as an Impact Review Factor on the Community Development Finance Test. <\/span><\/b><a href=\"https:\/\/www.theregreview.org\/2022\/05\/31\/barrow-increasing-access-to-credit-in-communities-of-color\/\"><span data-contrast=\"none\">SPCPs are a critical tool<\/span><\/a><span data-contrast=\"auto\"> allowing lenders to create credit products with favorable terms that are targeted to historically underserved classes &#8212; including by race. The proposed rule takes a positive step by proposing to provide CRA credit for SPCPs that focus on consumer products and home mortgage lending. However, the rule is silent on SPCPs under the Community Development Test, which would omit credit for banks that establish targeted lending programs for important activities such as <a href=\"https:\/\/www.liifund.org\/news\/post\/liif-launches-70-million-black-developer-capital-initiative\/\">affordable rental housing developments<\/a>, child care programs and other community development projects. SPCPs are one of the most important tools available to affirmatively invest in racial equity and should be eligible for CRA credit on both the retail and community development tests.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">&nbsp;<\/span><\/li>\n\n\n\n<li><b><span data-contrast=\"auto\">Commit to ongoing public engagement around the newly proposed Impact Review Factors. <\/span><\/b><span data-contrast=\"auto\">Effective implementation of Impact Review Factors will largely determine the success of the CRA rule; communities cannot afford for the regulators to miscalculate or underemphasize this component of the rule. It will take several years before the regulators have sufficient data to incorporate the Impact Review as a quantitative element of the exam process, and until then the Impact Review will largely be a qualitative consideration. The regulators should commit to seeking additional public input as they consider incorporating a quantitative approach to Impact Review Factors.&nbsp;<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">&nbsp;<\/span><\/li>\n<\/ul>\n<\/div><\/section><section class=\"wp-classic\"><div class=\"container\">\n\n<\/div><\/section><section class=\"wp-core-paragraph\"><div class=\"container\">\n<p>It will be important for CDFIs and other community development stakeholders to submit comment letters amplifying these points, as well as to <b><span data-contrast=\"auto\">express strong support for many positive aspects in the proposed regulation, including:<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">&nbsp;<\/span><\/p>\n<\/div><\/section><section class=\"wp-classic\"><div class=\"container\">\n\n<\/div><\/section><section class=\"wp-core-list\"><div class=\"container\">\n<ul class=\"wp-block-list\">\n<li><b><span data-contrast=\"auto\">Providing automatic credit for activities conducted in partnership with or in conjunction with CDFIs. <\/span><\/b><span data-contrast=\"auto\">This acknowledges the important role of Treasury-certified CDFIs in providing mission-based capital to underserved communities and will help streamline the credit process for both banks and CDFIs.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">&nbsp;<\/span><\/li>\n\n\n\n<li><b><span data-contrast=\"auto\">Including CDFIs on the proposed list of Impact Review Factors.<\/span><\/b><span data-contrast=\"auto\"> Impact Review Factors would capture activities that are particularly impactful and responsive to community credit needs. Including activities that support CDFIs on this list acknowledges the role that we play in providing tailored, flexible, affordable and accessible capital to community partners.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">&nbsp;<\/span><\/li>\n\n\n\n<li><b><span data-contrast=\"auto\">Evaluating community development activities conducted anywhere in the country, rather than in the places where banks have branch locations. <\/span><\/b><span data-contrast=\"auto\">Bank branch locations do not always align with the neighborhoods most in need of investment, and this is particularly true for the communities many CDFIs serve. The proposed geographic flexibility can help bring community development capital to more neighborhoods.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">&nbsp;<\/span><\/li>\n<\/ul>\n<\/div><\/section><section class=\"wp-classic\"><div class=\"container\">\n\n<\/div><\/section><section class=\"wp-core-paragraph\"><div class=\"container\">\n<p><span data-contrast=\"auto\">These changes can meaningfully expand CDFIs\u2019 reach and capacity, as well as increase the emphasis on some of the most impactful products that we offer.<\/span><b><span data-contrast=\"auto\">&nbsp;<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">&nbsp;<\/span><\/p>\n<\/div><\/section><section class=\"wp-classic\"><div class=\"container\">\n\n<\/div><\/section><section class=\"wp-core-paragraph\"><div class=\"container\">\n<p><span data-contrast=\"auto\">The proposed rule put forth by the Federal Deposit Insurance Corporation (FDIC), Federal Reserve Board, and Office of the Comptroller of the Currency (OCC) in May is an impactful step forward for the communities we serve. But there remains room for improvement and now is the time to ensure community development voices are heard.&nbsp;<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">&nbsp;<\/span><\/p>\n<\/div><\/section><section class=\"wp-classic\"><div class=\"container\">\n\n<\/div><\/section><section class=\"wp-core-paragraph\"><div class=\"container\">\n<p><span data-contrast=\"auto\">This is a once-in-a-generation opportunity to improve our nation\u2019s most consequential anti-redlining law. <\/span><a href=\"https:\/\/www.federalreserve.gov\/apps\/foia\/proposedregs.aspx\"><span data-contrast=\"none\">Submit your comment by August 5, 2022<\/span><\/a><span data-contrast=\"auto\">.&nbsp;<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">&nbsp;<\/span><\/p>\n<\/div><\/section>","protected":false},"excerpt":{"rendered":"<p>August 5th is an important date that all community development stakeholders should have marked on their calendars &#8212; the deadline to submit public comment letters in response to the banking regulators\u2019 proposed rule on the Community Reinvestment Act (CRA). CRA is one of the most important drivers of bank investments in community development and this&hellip;<\/p>\n","protected":false},"featured_media":2148,"template":"","categories":[25],"custom_author":[156],"class_list":["post-2185","policy","type-policy","status-publish","has-post-thumbnail","hentry","category-policy-news","custom_author-liif-early-care-and-education-team"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>CDFI Wins, Opportunities, and Challenges in the Proposed CRA Rule - Low Income Investment Fund<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.liifund.org\/policy\/cdfi-wins-opportunities-and-challenges-in-the-proposed-cra-rule\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CDFI Wins, Opportunities, and Challenges in the Proposed CRA Rule - Low Income Investment Fund\" \/>\n<meta property=\"og:description\" content=\"August 5th is an important date that all community development stakeholders should have marked on their calendars &#8212; the deadline to submit public comment letters in response to the banking regulators\u2019 proposed rule on the Community Reinvestment Act (CRA). CRA is one of the most important drivers of bank investments in community development and this&hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.liifund.org\/policy\/cdfi-wins-opportunities-and-challenges-in-the-proposed-cra-rule\/\" \/>\n<meta property=\"og:site_name\" content=\"Low Income Investment Fund\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-27T16:08:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.liifund.org\/app\/uploads\/2023\/06\/Rhodes_HOLC-Atlanta-e1611857793685.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"396\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.liifund.org\\\/policy\\\/cdfi-wins-opportunities-and-challenges-in-the-proposed-cra-rule\\\/\",\"url\":\"https:\\\/\\\/www.liifund.org\\\/policy\\\/cdfi-wins-opportunities-and-challenges-in-the-proposed-cra-rule\\\/\",\"name\":\"CDFI Wins, Opportunities, and Challenges in the Proposed CRA Rule - Low Income Investment Fund\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.liifund.org\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.liifund.org\\\/policy\\\/cdfi-wins-opportunities-and-challenges-in-the-proposed-cra-rule\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.liifund.org\\\/policy\\\/cdfi-wins-opportunities-and-challenges-in-the-proposed-cra-rule\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.liifund.org\\\/app\\\/uploads\\\/2023\\\/06\\\/Rhodes_HOLC-Atlanta-e1611857793685.jpg\",\"datePublished\":\"2022-07-15T14:12:46+00:00\",\"dateModified\":\"2023-10-27T16:08:22+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.liifund.org\\\/policy\\\/cdfi-wins-opportunities-and-challenges-in-the-proposed-cra-rule\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.liifund.org\\\/policy\\\/cdfi-wins-opportunities-and-challenges-in-the-proposed-cra-rule\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.liifund.org\\\/policy\\\/cdfi-wins-opportunities-and-challenges-in-the-proposed-cra-rule\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.liifund.org\\\/app\\\/uploads\\\/2023\\\/06\\\/Rhodes_HOLC-Atlanta-e1611857793685.jpg\",\"contentUrl\":\"https:\\\/\\\/www.liifund.org\\\/app\\\/uploads\\\/2023\\\/06\\\/Rhodes_HOLC-Atlanta-e1611857793685.jpg\",\"width\":1024,\"height\":396,\"caption\":\"Redlined map of Atlanta in 1938\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.liifund.org\\\/policy\\\/cdfi-wins-opportunities-and-challenges-in-the-proposed-cra-rule\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.liifund.org\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"News &amp; Ideas\",\"item\":\"https:\\\/\\\/www.liifund.org\\\/news-ideas\\\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"CDFI Wins, Opportunities, and Challenges in the Proposed CRA Rule\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.liifund.org\\\/#website\",\"url\":\"https:\\\/\\\/www.liifund.org\\\/\",\"name\":\"Low Income Investment Fund\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.liifund.org\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"CDFI Wins, Opportunities, and Challenges in the Proposed CRA Rule - Low Income Investment Fund","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.liifund.org\/policy\/cdfi-wins-opportunities-and-challenges-in-the-proposed-cra-rule\/","og_locale":"en_US","og_type":"article","og_title":"CDFI Wins, Opportunities, and Challenges in the Proposed CRA Rule - Low Income Investment Fund","og_description":"August 5th is an important date that all community development stakeholders should have marked on their calendars &#8212; the deadline to submit public comment letters in response to the banking regulators\u2019 proposed rule on the Community Reinvestment Act (CRA). CRA is one of the most important drivers of bank investments in community development and this&hellip;","og_url":"https:\/\/www.liifund.org\/policy\/cdfi-wins-opportunities-and-challenges-in-the-proposed-cra-rule\/","og_site_name":"Low Income Investment Fund","article_modified_time":"2023-10-27T16:08:22+00:00","og_image":[{"width":1024,"height":396,"url":"https:\/\/www.liifund.org\/app\/uploads\/2023\/06\/Rhodes_HOLC-Atlanta-e1611857793685.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.liifund.org\/policy\/cdfi-wins-opportunities-and-challenges-in-the-proposed-cra-rule\/","url":"https:\/\/www.liifund.org\/policy\/cdfi-wins-opportunities-and-challenges-in-the-proposed-cra-rule\/","name":"CDFI Wins, Opportunities, and Challenges in the Proposed CRA Rule - Low Income Investment Fund","isPartOf":{"@id":"https:\/\/www.liifund.org\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.liifund.org\/policy\/cdfi-wins-opportunities-and-challenges-in-the-proposed-cra-rule\/#primaryimage"},"image":{"@id":"https:\/\/www.liifund.org\/policy\/cdfi-wins-opportunities-and-challenges-in-the-proposed-cra-rule\/#primaryimage"},"thumbnailUrl":"https:\/\/www.liifund.org\/app\/uploads\/2023\/06\/Rhodes_HOLC-Atlanta-e1611857793685.jpg","datePublished":"2022-07-15T14:12:46+00:00","dateModified":"2023-10-27T16:08:22+00:00","breadcrumb":{"@id":"https:\/\/www.liifund.org\/policy\/cdfi-wins-opportunities-and-challenges-in-the-proposed-cra-rule\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.liifund.org\/policy\/cdfi-wins-opportunities-and-challenges-in-the-proposed-cra-rule\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.liifund.org\/policy\/cdfi-wins-opportunities-and-challenges-in-the-proposed-cra-rule\/#primaryimage","url":"https:\/\/www.liifund.org\/app\/uploads\/2023\/06\/Rhodes_HOLC-Atlanta-e1611857793685.jpg","contentUrl":"https:\/\/www.liifund.org\/app\/uploads\/2023\/06\/Rhodes_HOLC-Atlanta-e1611857793685.jpg","width":1024,"height":396,"caption":"Redlined map of Atlanta in 1938"},{"@type":"BreadcrumbList","@id":"https:\/\/www.liifund.org\/policy\/cdfi-wins-opportunities-and-challenges-in-the-proposed-cra-rule\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.liifund.org\/"},{"@type":"ListItem","position":2,"name":"News &amp; Ideas","item":"https:\/\/www.liifund.org\/news-ideas\/"},{"@type":"ListItem","position":3,"name":"CDFI Wins, Opportunities, and Challenges in the Proposed CRA Rule"}]},{"@type":"WebSite","@id":"https:\/\/www.liifund.org\/#website","url":"https:\/\/www.liifund.org\/","name":"Low Income Investment Fund","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.liifund.org\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/www.liifund.org\/wp\/wp-json\/wp\/v2\/policy\/2185","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.liifund.org\/wp\/wp-json\/wp\/v2\/policy"}],"about":[{"href":"https:\/\/www.liifund.org\/wp\/wp-json\/wp\/v2\/types\/policy"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.liifund.org\/wp\/wp-json\/wp\/v2\/media\/2148"}],"wp:attachment":[{"href":"https:\/\/www.liifund.org\/wp\/wp-json\/wp\/v2\/media?parent=2185"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.liifund.org\/wp\/wp-json\/wp\/v2\/categories?post=2185"},{"taxonomy":"custom_author","embeddable":true,"href":"https:\/\/www.liifund.org\/wp\/wp-json\/wp\/v2\/custom_author?post=2185"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}