WebIt is designed for bank CEOs, presidents, CRA and compliance officers, and others who have an interest in the CRA. Refer to Regulation BB and the Federal Register for complete information. Interagency Questions and Answers (Q&As) Regarding Community Reinvestment Effective January 6, 2009 i Summary of New Guidance and Revisions WebJul 25, 2016 · The CRA regulations further provide that activities revitalize or stabilize underserved nonmetropolitan middle-income geographies if they help to meet essential community needs, including the needs of low- or moderate-income individuals. See 12 CFR __.12(g)(4)(iii)(B). Existing Q&A § __.12(g)(4)(iii)-4 provided further guidance by listing ...
What type of activities revitalize or stabilize? findCRA
Web¥ Revitalize or stabilize STOP YES STOP STOP STOP IF ÔNOÕ IF ÔNOÕ IF ÔNOÕ IF ÔNOÕ YES YES = Community Development Activity Community Development Decision Flow Chart *See CRA Q&A ¤_.12(h) #3. Title: CAFlowCht.pdf Created Date: WebActivities revitalize and stabilize geographies designated based on population size, density, and dispersion if they help to meet essential community needs, including needs of low- and moderate-income individuals. ( h) Community development loan means a loan that: ( 1) Has as its primary purpose community development; and highland cove apartments waco tx
Interagency Questions and Answers (Q&As) Regarding …
WebCredit under prong (4) revitalize/stabilize. A loan to a community development financial institution (CDFI). The CDFI’s mission is to strengthen communities, build assets, and improve lives in economically distressed areas by providing access to high-quality financial products and services. Credit under prong (4) revitalize/stabilize. WebAct amended the definition of “covered period” for a PPP loan to cover “the period beginning on ... under the current CRA regulations. Generally, loans to small businesses with gross annual ... qualify if the loans help revitalize/stabilize low- and moderate-income geographies or distressed WebActivities that revitalize or stabilize an LMI geography by attracting new or retaining existing businesses or residents include: • A loan for an anchor business in an LMI area (or nearby areas) that employs or serves area residents. • A loan for a pharmacy that employs and serves area residents promotes community development. Activities ... highland cow 3d print