800 Banks Freed from Full CRA—PropTech Firms Face $1B Threshold Funding Gap
The proposed CRA overhaul exempts 800 banks from full compliance by raising the small bank threshold to $1 billion, while narrowing community development donation eligibility. For proptech startups in affordable housing, this could cut crucial grant funding, though mortgage fintechs may benefit from a new focus on lending metrics.
Source: citizensvoice.com · dailypress.com