CRA and COVID 13 – The Joint Statement highlights loans, investments, and services that support access to health care for low- and moderate-income individuals and communities.

Compliance > Regulation BB - CRA
Q:   The Joint Statement highlights loans, investments, and services that support access to health care for low- and moderate-income individuals and communities. Are there other community services that are particularly responsive to the needs of low- and moderate-income individuals during the COVID-19 emergency?
 
A:   Examples of community services that are responsive to the needs of low- and moderate-income individuals due to the COVID-19 emergency include but are not limited to:
  • Childcare for low- or moderate-income essential workers;
  • Food banks;
  • Shelters or programs for individuals facing homelessness or domestic violence;
  • Alcohol or drug recovery programs; or
  • Utility assistance programs.
 
 
This Q&A was contained in the Interagency “Community Reinvestment Act (CRA) Consideration for Activities in Response to the Coronavirus Pandemic Frequently Asked Questions (FAQs)” initially issued May 27, 2020, and later updated.  This issuance may be found here: 
 

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