A basic purpose of the Community Reinvestment Act is to

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The Community Reinvestment Act (CRA) was passed by Congress in 1977 with the purpose of encouraging depository institutions to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods. It establishes guidelines that encourage lending institutions to serve the needs of their local community and avoid discriminatory lending practices. The CRA does not necessarily expand the offering of specific government-backed loan programs such as HUD/FHA and VA loans or increase the kind of credit services offered by local lending institutions, although it may indirectly impact these areas by promoting fair lending practices.

A Basic Purpose of the Community Reinvestment Act Is to