Ok, so I'm new at this, so lots of dumb questions coming.
I've got an FDIC handout (powerpoint) with a slide in the Revitalization section for CD, talking all about TIF. But the slide does not address CRA CD qualification. I only know that for CD credit, this must either be in an LMI geography, disaster area, or distressed/underserved middle income area. Our county is rural but we are not distressed/underserved. Our four geocodes are either Middle or High Income. But in the middle of our town we have a 40 block square Blighted Area (for TIF projects). There's a restaurant wanting a loan to remodel in the blighted area. Can this be counted for Revitalization? The pessimist in me says "no".

When you say "remodel" do you mean taking an empty building and creating a restaurant in the space? So a new business? In that case you could claim it as a CD loan under job creation, as most restaurant jobs LMI.

Thanks for the reply. This is an existing restaurant that wants to expand.

Reviving this post....We have a similar situation. An empty building that was a former social club. We are providing the funding for the rehabilitation of the building to be used for hosting events such as weddings. Moderate income location. I am disappointed to hear that the owner might hire one individual to help manage the events, and will hire a catering service for the events themselves. Not really thinking this qualifies for job creation, is there any other angle to get CRA credit for "revitalization" since this was an empty building?