There are 4 different qualified purposes for community development under the CRA. Only the last purpose, "revitalization/stabilization," requires an activity (loan, investment, or service) to be located within LMI tracts. Interested in our FREE Community Development reports?
Community Development in LMI Tracts
Question:
Does a "community development" loan or investment have to be in a low- or moderate-income tract?
Answer:
Vendor:
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