Thread Options
|
#1929956 - 06/05/14 08:10 PM
YMCA and Community Development
|
New Poster
Joined: Apr 2014
Posts: 21
IL
|
Has anyone ever had any luck getting donations to a local YMCA accepted as a Qualified Community Development Investments/Donations?
I just don't think that they do enough to benefit LMI individuals.
|
Return to Top
|
|
|
|
#1929969 - 06/05/14 08:24 PM
Re: YMCA and Community Development
Ryan Yager
|
Diamond Poster
Joined: Feb 2008
Posts: 2,207
Deleted
|
I think that would depend on the location of the YMCA and the commmunity it serves. We haven't gotten donation credit but we did get service credit for an officer sitting on their finance and exec committees. We just got documentation of their programs and how they supported LMI individuals and families.
_________________________
We're all here 'cause we've lost control.
Innerpartysystem
|
Return to Top
|
|
|
|
#1929994 - 06/05/14 08:54 PM
Re: YMCA and Community Development
manimal
|
Power Poster
Joined: Jul 2002
Posts: 5,568
New Jersey
|
I think that would depend on the location of the YMCA and the commmunity it serves. This too. There is a YMCA located in Hackensack and one in Ridgewood, both Bergen County, NJ. Ridgewood is a VERY upscale town. You'd be hard pressed to argue that YMCA is serving any type of LMI community. Hackensack, on the other hand, has 5 moderate census tracts within the city.
_________________________
Management is doing things right; leadership is doing the right things. Peter Drucker
|
Return to Top
|
|
|
|
#1930102 - 06/06/14 12:52 PM
Re: YMCA and Community Development
Care4RCommunity
|
Power Poster
Joined: Jul 2002
Posts: 5,568
New Jersey
|
Care4, you are correct that, up until recently, there were no LMI tracts in Bergen County. In 2012, 4 tracts in the county were designated moderate: one in Fairview (181), Garfield (215), and two in Hackensack (235.01, 236.02). In 2014, as Kathleen noted, there are additional moderate tracts (still no low tracts). Hackensack now has 5: 231, 232, 235.01, 236.01, and 236.02. You can get the complete list from www.GeoDataVision.com. They are a sponsor of Bankers Online.
_________________________
Management is doing things right; leadership is doing the right things. Peter Drucker
|
Return to Top
|
|
|
|
#1931247 - 06/10/14 09:45 PM
Re: YMCA and Community Development
Care4RCommunity
|
Diamond Poster
Joined: Nov 2004
Posts: 2,309
|
See the December 30, 2013 entry on the following page. http://www.ffiec.gov/hmda/whatsnew_2013.htmWe are waiting for the FFIEC to publish final data.
_________________________
Opinions expressed are my own and not necessarily those of my employer. They are not legal advice.
|
Return to Top
|
|
|
|
|
|