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Barbara Jordan, politician & a leader of the Civil Rights Movement. She was the 1st African American elected to the Texas Senate after Reconstruction & the 1st southern Black female elected to the US House of Representatives. She supported the Community Reinvestment Act, Workman's Compensation Act, & the renewal of the Voting Rights Act & its expansion to cover language minorities. She was a recipient of the Presidential Medal of Freedom. Actress Viola Davis will portray her in a biopic…

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The Community Reinvestment Act (CRA, Pub.L. 95–128, title VIII of the Housing and Community Development Act of 1977, 91 Stat. 1147, 12 U.S.C. § 2901 et seq.) is a United States federal law designed to encourage commercial banks and savings associations to help meet the needs of borrowers in all segments of their communities. Congress passed the Act in 1977 to reduce discriminatory credit practices against low-income neighborhoods, a practice known as redlining.

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Barbara Jordan (1936 – 1996) was a leader of the Civil rights movement and later became the first Black woman elected to the United States House of Representatives. Among other notable achievements, Jordan introduced legislature to extend the state ratification deadline for the Equal Rights Amendment, and campaigned to include Native Americans, Latinos, and Asian-Americans when extending the Voting Rights Act of 1965, and supported the Community Reinvestment Act.

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“My faith in the Constitution is whole, it is complete, it is total,” Jordan said. “I am not going to sit here and be an idle spectator to the diminution, the subversion, the destruction of the Constitution.”

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from Investor's Business Daily

New Study Finds CRA 'Clearly' Did Lead To Risky Lending

New Study Blames Community Reinvestment Act For Mortgage Defaults - Investors.com

The Failed Community Reinvestment Act – The Catalyst Behind The Economic Meltdown Of 2008

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CRA stands for Community Reinvestment Act, and the bonds it holds help banks (who buy their own shares of the CRA Qualified fund) fulfill the requirements that the act lays out.

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