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#1395519 - 05/25/10 02:38 PM Preparing for FDIC Exam
homebase10 Offline
New Poster
Joined: Apr 2010
Posts: 6
tx
We are preparing for the FDIC Exam. I am struggling with understanding exactly what is qualified investment. I have read everything but can anyone give an example of a qualified investment ?

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CRA
#1395828 - 05/25/10 06:49 PM Re: Preparing for FDIC Exam homebase10
Pale Rider Offline
10K Club
Pale Rider
Joined: Aug 2002
Posts: 34,318
under the Lone Star
Qualified means the investment is CRA eligible and meets the definition of community development.

Community development investment is one that supports affordable housing, community services targeted to LMI, economic development by financing small business, and revitalizing or stabilizing LMI geographies.

It is simple, but very complex at the same time due to the subjectivity of community development.
_________________________
Societies that do not find work in and of itself "pleasing to God and requisite to Man," tend to be highly corrupt.


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#1399577 - 06/04/10 01:43 PM Re: Preparing for FDIC Exam Pale Rider
Karen Tucker Offline
Junior Member
Joined: Mar 2007
Posts: 39
Washington, DC
Example: purchase low-income housing tax credits; example: donate money to Habitat for Humanity; example: purchase affordable housing bonds; example: buy stock in a CDFI; example: buy New Markets Tax Credits; example: donate OREO to an affordable housing organization. Keep in mind the geo requirements to benefit AA or broader statewide/regional are that includes your AA (good example: buying a piece of a statewide affordable housing bond issued by your state, intended to benefit the entire state)

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