BlueHub Capital Comments on Proposed Changes to the Community Reinvestment Act (CRA)

Wednesday, April 8, 2020

BlueHub this week submitted a comment to the Office of the Comptroller of the Currency (OCC) and Federal Deposit Insurance Corporation (FDIC) regarding proposed changes to the Community Reinvestment Act (CRA) regulations. Throughout BlueHub’s 35-year history, we have seen the critical role that the CRA plays in both generating capital that allows us to finance affordable housing, economic development, and community facility projects serving low-income communities, and facilitating our direct loans in these neighborhoods. Our comment outlines the potential impact of the proposed changes on our work—read it in full here