Skip to main content
U.S. flag
An official website of the United States government
Dot gov
The .gov means it’s official. 
Federal government websites often end in .gov or .mil. Before sharing sensitive information, make sure you’re on a federal government site.
Https
The site is secure. 
The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely.
Press Release

Agencies Extend Favorable Community Reinvestment Act Consideration of Revitalization Activities in Certain Disaster Areas Affected by Hurricane Maria

For release at 4:45 p.m. EDT

The federal bank regulatory agencies today announced they are extending the period for giving favorable consideration under their Community Reinvestment Act (CRA) regulations to institutions located outside of Puerto Rico and the U.S. Virgin Islands, for bank activities that continue to help revitalize or stabilize these areas devastated by Hurricane Maria.

The agencies have determined that a 36-month extension through September 20, 2026 is appropriate given the continuing economic impact of Hurricane Maria from September 2017 in Puerto Rico and the U.S. Virgin Islands.

Activities that help to revitalize or stabilize Puerto Rico and the U.S. Virgin Islands will be treated consistently with the agencies’ original statement , which was issued in January 2018. The agencies previously extended the period for giving favorable consideration in May 2021.

PR-75-2023
Attachment(s)

Last Updated: September 20, 2023