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Agencies Propose Change to CRA Regulations to Encourage NSP Support

In response to the pressing need to provide housing-related assistance to stabilize communities affected by high levels of foreclosures, the federal bank and thrift regulatory agencies recently announced a proposed change to the Community Reinvestment Act (CRA) regulations. This change, the agencies said, would specifically encourage depository institutions to support the Neighborhood Stabilization Program (NSP) administered by HUD.

Link to the rest of the article: http://tiny.cc/7tkev

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