It’s all in the way you interpret The Community Reinvestment Act

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According to BusinessInsider.com, the Trump Administration is pushing for funds meant for low-income neighborhoods to be funneled to the NFL for a new stadium.

Questions:

  1. Who proposed the rule change and to whom?
  2. When was the law or rule passed?
  3. What are the pros and cons for putting stadiums in opportunity zones?
  4. Do you agree with using this funding for stadiums? Why or why not?

Source:

Zeballos-Roig, J. (2019). The Trump administration may allow banks to treat NFL stadium financing as aid for the poor – and they could even get a big tax break. BusinessInsider.com, Dec. 16 (Retrievable online at https://markets.businessinsider.com/news/stocks/trump-administration-may-allow-nfl-stadium-financing-designate-aid-poor-2019-12-1028766746)