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#2175808 - 04/30/18 02:20 PM CRA Investments
beegee Offline
Diamond Poster
Joined: Feb 2004
Posts: 1,092
South
We are undergoing a CRA Exam. We have been documenting Municipal Investments that are in low to mod areas.

For example, a bond with the purpose say water and sewer improvements, new roads, etc.

If the location is in a county with majority low to mod or middle distressed geographies - we have been adding those to our list of CRA investments thinking the improvements would revitalize/stabilize.

The examiners are saying this would not chin the bar because its not specifically in an official revitalization zone - or the bond is not part of a state revitalization program.

I know the rules are changing but was thinking we had gotten credit for this type of instrument in the past.

Should we get credit for this?

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CRA
#2176082 - 05/01/18 04:40 PM Re: CRA Investments beegee
Pale Rider Offline
10K Club
Pale Rider
Joined: Aug 2002
Posts: 34,318
under the Lone Star
Our opinions don't stack up well against examiners. You will most likely need to seek out the ombudsman or move your question up the examiner chain.
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Societies that do not find work in and of itself "pleasing to God and requisite to Man," tend to be highly corrupt.


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