tn_letter_35.JPG

fed_sept2007_op-1290_craqanda.pdf

Comment letter sent in support of recent proposed interagency questions and answers regarding community reinvestment.  The proposal includes several changes to the list of qualified CRA activities including 1) stablishing a loan program to provide relief for low- and moderate-income homeowners facing foreclosure is an example of a type of program that is responsive to community credit needs, 2) assisting in foreclosure prevention counseling will be considered under community development services, 3)investing in a community development venture capital fund, or 4) participating in a SBA 504 loan over $1 million.