Questions to be answered
1 Will any of the housing be "affordable"?
2 Is the area "targeted" by federal, state or local government for revitalization/stabilization?
3 What documentation do you have to substantiate the CD qualifications?]
If you meet the "primary purpose test" (there are 2 ways to do that) you may be able to report and claim the entire amount of the loan as community development. If you don't meet the primary purpose test you may be able to receive credit on a pro rata basis for affordable housing. Usually CD is all or nothing, but there is an exception for affordable housing.
CRA Exam Preparation, CRA Performance Evaluations, Key Performance Benchmarks, & maps