What qualifies for community development under CRA?
1 - Affordable housing for LMI persons
2 - Community Services primarily for low or moderate-income people
3 - Economic development by financing small businesses
4 - Revitalizing or stabilizing low or moderate income tracts or distressed and underserved geographies
Does your loan accomplish any of the foregoing? If it does, it would seem that somehow it would have to be under #3 if certain conditions applied. But it does appear to be a stretch.
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