1. Partnering for Community Success
Realizing Development Goals with CRA
Presented by Jerry Flach
Community Development Program Manager
© 2016 National Bank®. Member FDIC. Equal Opportunity Lender. Equal Housing Lender. All Rights Reserved.

2. About Valley

3. Valley National Bank https://www. valleynationalbank

4. CRA CAREs Community Services for Low-Moderate Income (LMI) individuals
Affordable Housing, Serving LMI geographies and people.
Revitalization: access to opportunity; Tax Credit Programs
Economic Development: Small Businesses

5. Collaborative Goals
Provide financial literacy, small business seminars and housing counseling to LMI individuals and small businesses
Provide financing to not for profit organizations to improve community health
Communicate access to financial information, products and services
Understand our communities needs/requirements/capabilities

6. Increase Homeownership
Community Advantage and Plus Home Ownership Mortgages
Valley Community Advantage Savings Account (First Home Club)
FHLB Affordable Housing Program (AHP)
The Neighborhood Revitalization Tax Credit Program NRTC

7. Application Success
Discuss application with funder to realize synergies
Complete the application with all attachments.
Be realistic!
Impact Statement

8. Investing for Collaboration
Cultivate trust
Determine shared intrinsic goals
Define scope
Clarify owners
Understand stakeholder expectations
Increase opportunity for impact
Build capacity for sustained growth
Provide feedback on impact