The Community Reinvestment Act (CRA), enacted in 1977, requires the Federal Reserve and other federal banking regulators to encourage financial institutions to help meet the credit needs of the communities in which they do business, including low- and moderate-income (LMI) neighborhoods.
Search for an address below to determine the income level, minority percentage statistics, and census tract details for the location. This tool is intended to help mortgage lenders easily identify properties that may be contained within an underserved census tract to help comply with the Community Reinvestment Act and majority minority eligibility requirements.
This is one way in which LenderLogix is helping mortgage lenders attempt to increase homeownership in areas that have been traditionally underserved. If you'd like more information about other ways that we help lenders with their CRA metrics please contact us to learn more.