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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.
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