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.
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Societies that do not find work in and of itself "pleasing to God and requisite to Man," tend to be highly corrupt.