The Community Reinvestment Act (CRA) attempted to stimulate lending to inner cit

Question

The Community Reinvestment Act (CRA) attempted to stimulate lending to inner city by:

A. offering tax credits to lenders
B. offering favorable regulatory treatment to lenders who complied with its dictates
C. offering tax credits to buyers
D. all of the above
E. b and c only

Market rate housing means that:

A. houses are sold in an open bidding process
B. tax-reverted properties are returned to private hands at prevailing mortgage rates
C. housing is build and sold without subsidies
D. all of the above
E. a and c only

Explanation / Answer

The Community Reinvestment Act (CRA) attempted to stimulate lending to inner city by: C. offering tax credits to buyers Market rate housing means that: B. tax-reverted properties are returned to private hands at prevailing mortgage rates

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