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#1812585 - 05/09/13 02:32 PM Qualifying Entity
SUSANE1 Offline
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Joined: Mar 2008
Posts: 808
Is Habitat for Humanity a qualifying entity for CRA purposes?

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CRA
#1812631 - 05/09/13 03:41 PM Re: Qualifying Entity SUSANE1
Kathleen O. Blanchard Offline

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Kathleen O. Blanchard
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Posts: 21,293
Do you mean for donations? Yes.
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Kathleen O. Blanchard, CRCM "Kaybee"
HMDA/CRA Training/Consulting/Mapping
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#1812642 - 05/09/13 03:57 PM Re: Qualifying Entity SUSANE1
SUSANE1 Offline
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Posts: 808
Yes, thank you!

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#1812654 - 05/09/13 04:13 PM Re: Qualifying Entity SUSANE1
Pale Rider Offline
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Posts: 34,318
under the Lone Star
Every local Habitat affiliate should have as a requirement that their potential clients have incomes less than 40% (for example) of the area median family income.

Just ask them for their parameters for qualifying for a Habitat loan and house.
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Societies that do not find work in and of itself "pleasing to God and requisite to Man," tend to be highly corrupt.


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#1812772 - 05/09/13 06:49 PM Re: Qualifying Entity SUSANE1
Kathleen O. Blanchard Offline

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Kathleen O. Blanchard
Joined: Dec 2000
Posts: 21,293
And it would be highly unusual for them not to have that requirement.
_________________________
Kathleen O. Blanchard, CRCM "Kaybee"
HMDA/CRA Training/Consulting/Mapping
The HMDA Academy
www.kaybeescomplianceinsights.com

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