| Title: | Support for the Community Reinvestment Act |
|---|---|
| ID: | EXC101995.33 |
| Committee: | Program (report 17) |
| Citation: | Executive Council Minutes, Oct. 30-Nov. 3, 1995, Birmingham, AL, pp. 61-62. |
| Text: |
Resolved, That the Executive Council, meeting in Birmingham, Alabama, October 30-November 3, 1995, expresses its support for the Community Reinvestment Act as a means of ensuring access to capital in low- and moderate-income communities; and be it further Resolved, That the Church encourages banks and other institutions, whether they have obligations under the CRA or not, to continue to make sound loans in these communities; and be it further Resolved, That all Church institutions continue to explore ways, including low- and moderate-income lending, that our financial resources can be used to promote justice; and be it further Resolved, That copies of this resolution be sent to the President, the Senate Banking, Housing, and Urban Affairs Committee, and the House Banking and Financial Services Committee, together with a letter expressing the church's support for public policies, like the CRA, which are good for both financial and intermediaries and the communities they serve. |
| Supplementary Text: |
