October 13, 2026, The Real Deal, Trump administration threatens rural housing investment
Jesse Van Tol, president and chief executive officer of the National Community
Reinvestment Coalition, estimated that $87 billion annually in community
development could be at risk, including the building and preservation of
affordable housing.
The Federal Reserve has not come out in support of the proposed rule change,
which was first brought up in July. Altering restrictions on community
development grants is also on the table and of concern, as rural projects are
often deemed too small for banks to get involved with as they instead choose to
make a grant that gets passed through to smaller operators.
