San Diego City-County Reinvestment Task Force

San Diego City-County Reinvestment Task Force The Reinvestment Task Force was created by the City and the County of San Diego to monitor local bank

The Reinvestment Task Force was created by the City and the County of San Diego to monitor local banking practices and recommend lending strategies that benefit low- and moderate-income residents. Local banks are monitored for the percentage of deposits each reinvests back into the community through small-business loans, affordable housing development and mortgage loans to residents in lower-incom

e neighborhoods. The Task Force also monitors local economic data to track trends in consumer debt, housing costs and home mortgages. The Task Force can intervene in bank mergers and negotiate with lenders in the region to develop reinvestment plans that benefit underserved communities. The Task Force is an outgrowth of the federal Community Reinvestment Act, which was enacted in 1977 to reduce discriminatory credit practices in low-income neighborhoods, also known as “redlining.” The agency is funded jointly by the County and the San Diego Housing Commission. It is jointly chaired by a member of the San Diego City Council and the County Board of Supervisors. These co-chairs may appoint up to 15 members, who typically include representatives from lending institutions, community housing and economic development agencies and the general public. The task force is a public agency subject to the Brown Act, which means its meetings are open to the public. Its meetings are usually held the third Thursday of each month beginning at 12 Noon at the City Council Committee Room on the 12th Floor of City Hall. Questions about the Reinvestment Task force can be directed to [email protected].

Learn more about the Federal Reserve's current overhaul of the Community Reinvestment Act and how you can get involved. ...
12/15/2020

Learn more about the Federal Reserve's current overhaul of the Community Reinvestment Act and how you can get involved. Free webinar tomorrow, Wednesday, Dec. 16 from 10-11 am, registration link below. Make your voice heard!

The Board of Governors of the Federal Reserve System recently issued an Advance Notice of Proposed Rulemaking on how we can modernize the regulations that implement the Community Reinvestment Act (CRA). To ensure that the final proposal for modernizing the CRA meets community needs, the Board is see...

The RTF was founded to reverse the wealth-stripping effects of racist redlining and other systemic practices that have u...
06/08/2020

The RTF was founded to reverse the wealth-stripping effects of racist redlining and other systemic practices that have undermined African American housing stability and communities in general. We are outraged that racial injustices persist to this day. We are redoubling our resolve to find new ways to do impactful work and bring economic equity to communities of concern.

We believe Black Lives Matter and pledge to never forget , , , and the mind-numbingly countless more who paid the ultimate price for our society's inability to move beyond the past and provide for the equal pursuit of life, liberty and happiness to all Americans.

We can do better. We will do better.



City Councilmember Monica Montgomery, Co-Chair
County Supervisor Nathan Fletcher, Co-Chair

Monica Montgomery
Fletcher

03/22/2018
Spread the word - Free Tax Prep sites are located all around San Diego County!
03/22/2018

Spread the word - Free Tax Prep sites are located all around San Diego County!

Have YOU filed your taxes yet? Get free help!
03/22/2018

Have YOU filed your taxes yet? Get free help!

03/22/2018

The Reinvestment Task Force has proudly partnered with Citi, the San Diego Housing Commission, and the United Way-led San Diego Earned Income Tax Credit Coalition this year to expand outreach and free tax prep services for residents of affordable housing properties, housing assistance clients, and San Diegans countywide. It's your money - keep it!

We ran out of time last month and are bringing back Housing You Matters. Meanwhile, did you know low AND moderate-income...
01/18/2017

We ran out of time last month and are bringing back Housing You Matters. Meanwhile, did you know low AND moderate-income homebuyers can increase their purchasing power with personal tax credits from Mortgage Credit Certificates?

We’re bringing in a crew of great speakers this month to update us on affordable and fair housing efforts underway aroun...
11/15/2016

We’re bringing in a crew of great speakers this month to update us on affordable and fair housing efforts underway around the county and state.

Address

1122 Broadway, Ste 300
San Diego, CA
92101

Telephone

+16195787594

Website

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