Finance
In New York, the 'CRA' (Community Reinvestment Act) specifically requires banks to:
AOffer mortgages at below-market rates to low-income borrowers
BHelp meet the credit needs of all communities in their service areas, including low- and moderate-income neighborhoods✓ Correct
CAccept all mortgage applications
DFund public housing developments
Explanation
The CRA requires federally regulated banks to help meet the credit needs of the entire community they serve, including low- and moderate-income communities. It does not require below-market rates—just that banks not discriminate against these communities.
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