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About SHCPF

The Senior Housing Crime Prevention Foundation (SHCPF) is a Tennessee foundation which was established to provide a vehicle for banks to earn CRA consideration. It has been used by financial institutions in an effort to address Lending, Investments, and/or Servicing credit. This program allows banks to serve an underserved segment of society, the nation’s senior housing residents, who have been classified as a low-to-moderate income group.

The sole objective of the SHCPF is to reduce crime in the nation’s senior housing facilities and to provide on-going, effective crime prevention programs that promote safe, secure and high quality-of-life environments for senior housing residents. In part, this objective is accomplished by installing the highly successful Senior Crimestoppers program in facilities sponsored through CRA investments or loans to the SHCPF. Nationally, the Senior Crimestoppers program has reduced all incidents of crime in participating senior housing facilities by approximately 85 percent.

The SHCPF is structured to provide a bank with qualified CRA consideration to address Lending, Investments, and/or Servicing test credit.

Here's how the program works:

  1. All dollars invested or loaned to SHCPF are fully collateralized with acquired investment-grade securities. Banks may also elect to simply make a donation to the Foundation.
  2. A bank investing or loaning funds to the SHCPF will be provided the entire balance of the yield from the collateral investment after 1.875% has been allocated for the Foundation’s crime prevention initiatives. In addition, the bank receives dollar-for-dollar CRA credit for the full amount invested and/or loaned, and the collateral is returned to the bank at the conclusion of the lending or investment period. Further, the bank may receive full CRA credit renewable for each calendar year the funds remain with the Foundation.
  3. A majority of the interest income earned by the SHCPF is used to cover expenses associated with the Senior Crimestoppers program. The Senior Crimestoppers program successfully operates in nursing homes, assisted living facilities and HUD housing venues across the country. Details of the program can be found at seniorcrimestoppers.org.
  4. The SHCPF will advise each participating financial institution in the development of retail and commercial banking business with facilities it sponsors. Only a 7.1% penetration of the identified market through retail/commercial business is necessary to recover the portion of the yield given to the SHCPF to fund its programs.
  5. A bank has no work, administrative burden or overhead associated with participation. Also, a loan or investment to the SHCPF will not require a loan loss reserve provision for the funds.

Participating banks receive: