The Texas Community Reinvestment 2009 Update
January 2010
Keeping Texas communities strong keeps Texas strong. Our role is to monitor the state’s community reinvestment strategies including the implementation of programs for small farms and businesses, financial literacy education, disaster relief, affordable housing and other community development initiatives. Collaboration among state agencies, businesses and nonprofit organizations helps transform distressed areas, rebuild infrastructure and create safe and supportive communities for all Texans.
This update provides an overview of the Community Reinvestment Act (CRA); describes changes to CRA regulations that have become effective since the 2007 update; highlights recent data and studies on foreclosures and the subprime lending crisis; and describes small business, small farm and community development lending in Texas. The update also outlines state agencies’ community reinvestment strategies and provides examples of Texas community reinvestment initiatives.