We are located in an area where the economy is heavily dependent on agriculture. We originate well over 100MM per year in ag loans, including operating lines. These operating lines are the lifeblood of the farm, as they only get paid once a year. They support thousands of jobs in our area, many of them to LMI individuals. Is there any way to qualify them for community development credit under the economic development hook? What sort of documentation would I need to support the CD qualification?
Last edited by TMatt87; 11/05/21 02:44 PM.
All opinions are my own, not my employer's