The Community Reinvestment Act (CRA) attempted to stimulate lending to inner cit
ID: 1231227 • Letter: T
Question
The Community Reinvestment Act (CRA) attempted to stimulate lending to inner city by:A. offering tax credits to lenders
B. offering favorable regulatory treatment to lenders who complied with its dictates
C. offering tax credits to buyers
D. all of the above
E. b and c only
Market rate housing means that:
A. houses are sold in an open bidding process
B. tax-reverted properties are returned to private hands at prevailing mortgage rates
C. housing is build and sold without subsidies
D. all of the above
E. a and c only
Explanation / Answer
The Community Reinvestment Act (CRA) attempted to stimulate lending to inner city by: C. offering tax credits to buyers Market rate housing means that: B. tax-reverted properties are returned to private hands at prevailing mortgage rates