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Community Redevelopment Agency (CRA) Agenda January 11, 2023 @ 3:00 pm Winter Park City Hall Commission Chambers welcomeAgendas and all backup material supporting each agenda item are accessible via
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The Agency CRA (Community Reinvestment Act) is a federal law that encourages financial institutions to help meet the credit needs of the communities in which they operate, particularly low- and moderate-income neighborhoods.
Financial institutions such as banks and savings associations that meet certain asset thresholds and engage in business within specific communities are required to file Agency CRA reports.
To fill out the Agency CRA, institutions must collect and report data on their lending activities, including amounts and types of loans made in the communities they serve, and complete a formal report that adheres to regulatory guidelines.
The purpose of the Agency CRA is to ensure that financial institutions provide fair access to credit, promote community development, and address the needs of low- and moderate-income populations.
Institutions must report information including the types and amounts of loans, geographic distribution of lending, and community development activities, as well as the performance of their services in the assessed areas.
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