A Danbury, Conn., thrift is generating up to 400 basis points per loan in income under state and federal housing programs for people with low or moderate incomes, its chief executive told a conference in New York.

Community Reinvestment Act lending "pays for itself," said Henry A. Bessel, president of Nutmeg Federal Savings and Loan Association, at an urban housing conference sponsored by the Office of Thrift Supervision.

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