The Community Reinvestment Act (CRA, Pub.L. 95–128, title VIII of the Housing and Community Development Act of 1977, 91 Stat. 1147, 12 U.S.C. § 2901 et seq.) is a United States federal law designed to encourage commercial banks and savings associations to help meet the needs of borrowers in all segments of their communities. Congress passed the Act in 1977 to reduce discriminatory credit practices against low-income neighborhoods, a practice known as redlining.
In 2014, Sunrise received an “Outstanding” rating on our Community Reinvestment Act (CRA) regulator examination, demonstrating our dedication to meeting the credit needs of our entire community, including low-and-moderate-income neighborhoods.
Democratizing Capital: The History, Law And Reform of the Community Reinvestment Act, by Richard Marsico