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Journal Article
Capital for Communities: Transforming the Community Investment System
Panelists in a session on connecting communities to capital through collaboration challenged participants to think about raising capital as important yet secondary to setting strategic and collaborative priorities. Tamar Kotelchuck, director of the Working Cities Challenge at the Federal Reserve Bank of Boston, discussed the cross-sector collaboration that is underway in New England. The Working Cities Challenge addresses the issue of limited resources in smaller cities by using a collective impact-type approach that is based on collaborative leadership in a community as a means to attract ...
Journal Article
A Perspective on the Community Reinvestment Act
This year marks the 40th anniversary of the passage of the Community Reinvestment Act (CRA). The CRA placed an affirmative obligation on banks and thrifts to provide credit in the communities in which they serve, particularly in low- and moderate-income (LMI) neighborhoods. Indeed, there is evidence that the CRA has made important contributions in bringing capital into these communities