Digital Equity Resource
Community Re-investment Act (CRA)
NCDE has pioneered pilot efforts and capacity
building initiatives that have enabled banking leaders
to begin earning credit under the federal Community
Reinvestment Act (CRA) for removing digital divide
barriers to economic opportunity by, for example,
investing in improved access for LMI individuals, families
and communities to broadband, devices, tech and
librarian support, and related digital equity essentials.
Banks annually spend over $480 billion to meet their
CRA requirement to support economic opportunity in
LMI areas in their service region. NCDE’s “One Percent
for Digital Equity” campaign seeks to persuade banking
leaders to voluntarily commit up to 1% of their CRA
resources for digital equity in support of systemic
(financial, economic and educational) inclusion, which
would unleash eventually close to $5 billion each year to
narrow the nation’s vexing digital divide.
Organization: National Collaborative for Digital Equity (NCDE)
Category: Funding
Audience: Educators, Funders, Libraries, Non-profits
Web Link: https://www.ffiec.gov/cra/
Contributor: Dr. Robert McLaughlin, NCDE Executive Director
Contributor Link: http://digialequity.us