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#1710162 - 06/14/12 04:53 AM investment in CDE/partial lending test credit?
nycra Offline
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Joined: Jun 2007
Posts: 19
it's well established that an equity investment in a CD Bank or EQ2 in a CDFI gives the bank an option to take lending test credit, investment test credit, or some of each.

Does this also apply to an investment in a CDE, and if so, is the same calculation methodology applicable? Investment is a multi-investor fund that invests in CRA-eligible loans. Structure is similar to an open-end mutual fund, in which the Bank holds an individed interest.

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#1710578 - 06/14/12 06:58 PM Re: investment in CDE/partial lending test credit? nycra
CRAatBOK Offline

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Joined: Mar 2004
Posts: 6,172
Further South than I wanna be.
I would say yes as both have to be approved by the CDFI Fund to be certified.
Life is not the way it's supposed to be. It's the way it is. The way you cope with it is what makes the difference.

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