Community Investment RFI Comments: Treasury

PRT embodies the idea of teamwork and empowerment. Between the six Partners and even more national partners, several examples of mixed and layered investments to uplift community needs were outlined in our response to the Department of Treasury. Below is a high-level overview of the points PRT made within our suggestions for the Interagency Community Investment Committee (ICIC).

  • Modernizing the Community Reinvestment Act (CRA)
  • Using colonia census tracts to identify and verify Duty to Serve-eligible criteria
  • Upholding State Accountability & Transparency
  • Technical Assistance & Funding Set Asides
  • Investing in CDFI’s and MDI’s that serve regions of persistent poverty
  • Having New Market Tax Credits to prioritize the allocation of credit to CDFI’s and MDI’s serving areas of rural persistent poverty
  • Allow Fannie Mae and Freddy Mac to invest in CDFI’s
  • Improve the accuracy of public data, expand data collection efforts, and make more data public
  • Prioritize rural persistent poverty areas
  • Utilize income banding and other creative solutions to address rural income limit unfairness
  • Track and publicly publish program funding in persistent poverty counties
  • Staff to manage agency cross-collaboration
  • Establishing a national rural intermediary


Read more about these points and more here.

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