|
Title:
|
Commending the Federal Reserve Bank of Philadelphia's Research Department for its important analysis of the effects of the Community Reinvestment Act (CRA) on the mortgage market in the aftermath of the Great Recession and urging the City's Department of Planning and Development to identify potential solutions to recent federal policy changes that have resulted in more Philadelphia neighborhoods becoming CRA ineligible, leading to CRA-regulated lenders decreasing their mortgage lending in these neighborhoods.
|
|
Action:
|
Introduced and Ordered Placed on This Week's Final Passage Calendar - Rules Suspended
|
|
Action text:
|
A motion was made by Councilmember Parker that this matter be Introduced and Ordered Placed on This Week's Final Passage Calendar - Rules Suspended. The motion carried unanimously.
|