💼IMSPARK: How the New CRA Rule Benefits Native Communities 💼

💼Imagine... How the New CRA Rule Benefits Native Communities 💼

💡 Imagined Endstate: 

Native communities have greater access to banking services, community development financing, and affordable housing through the modernized CRA regulations.

 🔗 Link: 

This page

📚 Source: 

Kokodoko, M. (2023). How the new CRA rule benefits Native communities. Federal Reserve Bank of Minneapolis. 

💥 What’s the Big Deal:

The new CRA rule introduces Native Land Areas (NLAs) as a category of eligible community development 🏠 that recognize the unique challenges and needs of Native communities. Banks can now receive CRA credit for activities in NLAs,💰even if they are outside of their assessment area. 🌱This could increase the availability of financial resources and opportunities for Native communities. 

#financialstability,#BusinessSupport,#CDFI,#CRA, #NativeLandAreas, #NLA,#IMSPARK,

🏢 IMSPARK: Community Businesses Uniting to Support Fellow Citizens in Disasters 🏢

 

🏢 Imagine: Community Businesses Uniting to Support Fellow Citizens in Disasters 🏢

💡 Imagined Endstate:

Envision a scenario where local businesses join hands to aid and support their fellow citizens during times of disaster, fostering a sense of community resilience and compassion.

🔗 Link:

https://theconversation.com/hotels-play-vital-roles-in-relief-efforts-when-disaster-such-as-the-maui-wildfires-strikes-123401

📚 Sources:

Lagiewski, R. (2019, September 12). Hotels play vital roles in relief efforts when disaster such as the Maui wildfires strikes. The Conversation.

💥 What's the Big Deal:

The heartening sight of local businesses uniting to aid fellow citizens in disasters showcases the remarkable power of community solidarity. 🏢 These businesses transform into pillars of support, offering resources, shelter, and a sense of togetherness during trying times. This collective effort illustrates the strength and compassion that emerge when community businesses step up as real-life heroes.