Skip to content
BOL Conferences
Thread Options
#391483 - 07/26/05 03:33 PM CDL & HMDA
Anonymous
Unregistered

After reading the regs I'm moderately confused... we are financing the purchase and renovation of an apartment building that will be converted to low income housing. This is being done through a community development corporation/consortium. So is this reported as HMDA and on our CRA register as a comm. dev. loan, or is it just reported on HMDA?

Return to Top
CRA
#391484 - 07/26/05 06:33 PM Re: CDL & HMDA
Anonymous
Unregistered

Multi-family Affordable Housing is the only type of loan that you can double count under the lending test and as CDL according to CRA Q&A ยงยง__.12(i) Q2 and .___42(b)(2) Q2.

Return to Top