There are four different types of Community Development loans, Affordable Housing, Community Services, Economic Development, and Revitalization/stabilization of LMI tracts or distressed or underserved middle-income nonmetropolitan tracts. Only the last definition stipulates the CD activity must be in an LMI tract or distressed or underserved tract.
CD loans and LMI tracts for CRA consideration
Question:
Must a Community Development loan be in a low- or moderate-income tract?
Answer:
Vendor:
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