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.