Date: Wednesday, Oct 14

Time: 12:00 PM – 1:00 PM PDT

Venue: Zoom link will be provided through registration system prior to event

Presenter:

Gerald Kellman, Senior Advisor for Organizing, National Community Reinvestment Coalition
Zo Amani, Community Reinvestment Act Coordinator, National Community Reinvestment Coalition

Description:
The Community Reinvestment Act (CRA) has transformed economic life in the U.S. Before the act was created, people of color, and those who lived or owned property near communities of color could not get a mortgage, a small business loan or any other kind of credit. The CRA only remains strong if organizations understand it and make use of it. In Oregon, banks have one set up rules for private developers and another for nonprofits. They lend disproportionally to white people, the affluent and continue to reinforce inequalities of wealth. Restrictions on bank lending will keep nonprofit housing developers from building at a scale needed to address the need caused by gentrification and displacement. This session will introduce you to the Basics of the CRA, suggest points of engagement for your organization and invite you to more in-depth training and campaigns for economic equality, and affordable housing in Oregon.