Wondering if others have recently received Investment Test credit for providing a qualified non-profit office space rent free? If so, how do you calculate the value? Do you use a comparable local market commercial rent figure? Do you also calculate a percent of the utilities provided and add that in to your valuation?

What about construction costs to modify, improve and expand their space. Has anyone tried to claim this?

Has anyone tried to do this and had pushback from examiners, who only want to count this as a Service Credit, and not an investment/donation?

In the 01/20 proposal by the OCC and the FDIC, they listed under Community Support Services:

In-kind contribution of rent-free office space to a local food bank.

In-kind donation quantification. The dollar value of an in-kind donation is the fair market value of the donation.

I doubt that you are going to find any guidance that drills down to the level you are asking. Likely, it would be limited to a comparable rent that you would charge any other commercial entity for the office space.