CRA Community Development Webinar
www.GeoDataVision.com "Community Development" is one of the most important yet confusing issues under CRA. * Have you claimed community development ...
What is the Community Reinvestment Act?
The Community Reinvestment Act (CRA) encourages banks to help meet the credit needs of the communities they are chartered to serve, including the low- and ...
Community Development Loans
CRA: Community Development Loans, Investments, and Services. This fact sheet provides information about commonly-used concepts associated with the Community Reinvestment Act (CRA) for national banks, under 12 CFR Part 25, and for federal savings associations, under 12 CFR Part 159.
A completed, signed, and dated application package, which includes the Application, SBLF Initial Call Report for Community Development Loan Funds, Eligibility Worksheet, and Loan Portfolio Quality Worksheet. Audited annual financial statements for each of the three most recent fiscal years, prepared in accordance with GAAP.
The Community Loan Center (CLC) was established in 2011 by the RGV MultiBank in order to offer low-interest, low-fee personal loans. Since October 2011, CLC has loaned $3.9 million to borrowers in the Rio Grande Valley. RGVMB and the Community Loan Center are administered by Community Development Corporation of Brownsville. Community Supporters
The process of collecting, reviewing, and reporting on community development loans can be a heavy burden. Let Kadince software do the heavy-lifting.
Community Development Loans SMPDD’s Board of Directors recently approved a new loan program for local governments. Using SMPDD local funds, the program is designed to provide loans to local municipalities and county governments for community development purposes.
A loan that: (1) Has as its primary purpose community development; and (2) Except in the case of a wholesale or limited purpose bank: (i) Has not been reported or collected by the bank or an affiliate for consideration in the bank's assessment as a home mortgage, small business, small farm, or consumer loan, unless it is a multifamily dwelling loan (as described in Appendix A to Part 203 of ...
Third Federal’s Community Development Services (CDS) Department focuses on the needs of underserved communities and individuals, with an emphasis on sustainable homeownership, financial education, affordable lending, investments, and engagement with the community.
Community Development Loan — A loan that has as its primary purpose community development; (except for wholesale or limited purpose banks) has not been reported or collected by the bank or an affiliate for consideration in the bank’s assessment as a home mortgage, small business, small farm or consumer loan, unless it is
First, it's worth noting that Community Development for CRA compliance is about more than just loans. There are actually three key types of Community Development activities: Loans, Services, and Qualified Investments.
The Community Development Corporation of Brownsville has partnered with Esperanza Homes of the Upper Rio Grande Valley to bring their best, new home designs, new home energy savings and new home value to select subdivisions in Cameron County.