I was wanting an opinion regarding the following:
Our local development authority has obtained a loan to build an industrial facility. The building is to be leased by a large industrial company. The land on which the building sets has been deeded to the industrial authority, and is in an LMI area. Of course, there is a tax benefit to the tenant by leasing this from the development authority as opposed to buying and constructing the structure themselves. I hope to support that this large business is bringing jobs to this economically deprived area. Has anyone had success / failures with a similar type of loan presented to their examiners for CDL credit?