Doing Well
The Senior Housing Crime Prevention Foundation provides CRA credit plus Retail Business Development. Here's How:
CRA Credit
- CRA lending and/or investment test credit
- Potential consideration for Service test
- U.S. Agency and/or GSE credit risk
- Fixed minimum return on investment and/or loan
- No overhead
- Dollar-for-dollar CRA credit for each year of agreement
- No administrative burden
- No loan loss reserve requirement
ACTUAL RESULTS: Positive performance on CRA exam reports
Retail Business Development
- Potential program yield in excess of 10%
- Positive PR and media exposure
- Increased community awareness
- Retail development training
- Sponsorship of The Time of Your Life event
- Sponsorship of the Wish Comes True program
ACTUAL RESULTS: Average 20 percent deposit penetration by facility for reporting banks