Community Reinvestment Act
In the 1990s, Denis' East Harlem district contained over 800 vacant and abandoned buildings. For this reason infrastructure investment, both public and private, were a top priority.
Through his use of Community Reinvestment Act legislation, public hearings, CRA testimony throughout New York State, and advocacy on the Assembly Banking Committee, Denis persuaded banks to double their lending to home owners and small business persons in East Harlem, the Bronx, and other distressed areas throughout New York State.
Denis cemented these gains by invoking the 1975 Federal Home Mortgage Disclosure Act (HMDA), and conducting a census tract study of CRA compliance in the 68th Assembly District of East Harlem, and other underserved communities. In recognition of this work, Denis was repeatedly endorsed by The New York Times.
Read more about this topic: Nelson Antonio Denis
Famous quotes containing the words community and/or act:
“As blacks, we need not be afraid that encouraging moral development, a conscience and guilt will prevent social action. Black children without the ability to feel a normal amount of guilt will victimize their parents, relatives and community first. They are unlikely to be involved in social action to improve the black community. Their self-centered personalities will cause them to look out for themselves without concern for others, black or white.”
—James P. Comer (20th century)
“The soul, which is the first principle of life, is not a body, but the act of a body; just as heat, which is the principle of calefaction, is not a body, but an act of a body.”
—Thomas Aquinas (c. 1225–1274)