CRA Regulatory Agencies Release 2023 List of Distressed, Underserved Nonmetro Middle-Income Geographies

Friday, June 23, 2023 - 2:45PM

The three agencies that oversee Community Reinvest Act (CRA) regulation–the Federal Reserve, Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency OCC)–today made available their 2023 list of distressed or underserved nonmetropolitan middle-income geographies. The designations reflect local economic conditions, including unemployment, poverty and population changes. Revitalization or stabilization activities in those areas are eligible to receive CRA consideration under the community development definition for 12 months after the publication of the list. There is a one-year lag period for geographies included in last year’s list that are no longer designated as distressed or underserved.

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