Foreclosure Prevention and Community Stabilization Activities Under CRA
Industry Update
July 2, 2018
For a number of years, regulatory agencies have been promoting different approaches for preserving affordable housing opportunities, including various disposition strategies for REO properties (click here).
For more information on organizations participating in these activities, please utilize the following links, which contain recent guidance.
Office of the Comptroller of the Currency (OCC):
- Agencies Release List of Distressed or Underserved Nonmetropolitan Middle-Income Geographies
- 2018 List of Distressed or Underserved Nonmetropolitan Middle-Income Geographies
- How Community Development-Related Rehabilitation Efforts Can Qualify for Community Reinvestment Act Consideration
Additional Information:
OCC: September 2016 Foreclosure Prevention and Community Stabilization Activities Under CRA
The Federal Reserve: