Skip to content
BOL Conferences
Thread Options
#1319583 - 01/07/10 03:07 PM Historic Preservation CD Loans
KaeDee Offline
Member
Joined: Mar 2004
Posts: 51
OK
Am I just dreaming, or did I actually read somewhere that loans to preserve historic buildings that are on the National Historic Society's Registration List count as community development loans?

Return to Top
CRA
#1327043 - 01/20/10 02:31 PM Re: Historic Preservation CD Loans KaeDee
Karen Tucker Offline
Junior Member
Joined: Mar 2007
Posts: 39
Washington, DC
No. The Q&As do NOT list historic loans as CD loans.

Return to Top
#1327228 - 01/20/10 04:30 PM Re: Historic Preservation CD Loans KaeDee
Kathleen O. Blanchard Offline

10K Club
Kathleen O. Blanchard
Joined: Dec 2000
Posts: 21,293
Originally Posted By: KaeDee
Am I just dreaming, or did I actually read somewhere that loans to preserve historic buildings that are on the National Historic Society's Registration List count as community development loans?


You should review this OCC article: http://www.occ.treas.gov/Cdd/HTC_Fact%20Sheet_Revised_April%202009.pdf

The historic building CAN provide CRA credit if it can be shown to "contribute to the stabilization or revitalization of historic communities, many of which are located in LMI geographies, designated disaster areas, or designated distressed or underserved non-metropolitan middle-income geographies".
_________________________
Kathleen O. Blanchard, CRCM "Kaybee"
HMDA/CRA Training/Consulting/Mapping
The HMDA Academy
www.kaybeescomplianceinsights.com

Return to Top
#1359057 - 03/17/10 04:16 PM Re: Historic Preservation CD Loans Kathleen O. Blanchard
KaeDee Offline
Member
Joined: Mar 2004
Posts: 51
OK
Kaybee,

Thanks for the article. We did receive credit for renovation of this historic building, because it did meet the CD requirements.

KaeDee

Return to Top
#1359848 - 03/18/10 03:31 PM Re: Historic Preservation CD Loans KaeDee
Kathleen O. Blanchard Offline

10K Club
Kathleen O. Blanchard
Joined: Dec 2000
Posts: 21,293
Congratulations! Historic buildings are often anchors in revitalization programs. I'm glad you received credit.
_________________________
Kathleen O. Blanchard, CRCM "Kaybee"
HMDA/CRA Training/Consulting/Mapping
The HMDA Academy
www.kaybeescomplianceinsights.com

Return to Top