Magazine : Archives : 1st Quarter 2021

Spotlight on CRA Reform

Washington, D.C.-based nonprofit MANNA has spent decades helping to turn the burned-out shells of neighborhoods back into the vibrant communities they once were, like the historically Black Shaw neighborhood. “Before the Community Reinvestment Act, we couldn’t get a bank to look at us,’’ says the Rev. Jim Dickerson, founder and CEO of MANNA. “There were no banks lending to these neighborhoods and to the low-income people who wanted to become homeowners.” He thinks President-elect Joe Biden will have an impact on his organization. “I think we will have an ally at the White House, finally,” he says. For years, the...