1. Lone Star Summit “Meet the Funder” August 4, 2015 Community Reinvestment Act (CRA)

2. CRA Basics  Community Reinvestment Act applies to banks only.  Banks are evaluated by their regulatory agency based on lending, investments and services.  Level of review and frequency is based on asset size:  Small banks  Intermediate Small banks - $305 Million to 1.221 Billion  Large banks - $1.221 Billion or greater www.ffiec.gov

3. Bank Regulatory Agencies  Federal Deposit Insurance Corporation (FDIC)  Federal Reserve Banks (12) and Board of Governors  Office of the Comptroller of the Currency (OCC)

4. Bank Regulatory Agencies Links to CRA Evaluations  Federal Deposit Insurance Corporation (FDIC) https://www2.fdic.gov/crapes/ https://www2.fdic.gov/crapes/  Federal Reserve Banks (12) and Board of Governors http://www.federalreserve.gov/apps/crape/ BankRating.aspx http://www.federalreserve.gov/apps/crape/ BankRating.aspx  Office of the Comptroller of the Currency (OCC) http://www.occ.gov/topics/compliance- bsa/cra/index-cra.html

5. Some Examples of ComDev Loans  Develop new or rehab existing affordable housing - multifamily or single family  Loans to develop/rehab community health centers  Loans for public facilities, utilities, etc.

6. Some Examples of ComDev Investments  Grants to nonprofit with primary purpose of ComDev, such as providing affordable housing or community services to low- or moderate-income individuals  Investments in Low Income Housing Tax Credits  Investment in loan pools; deposits in Minority Owned Financial Institutions/Community Development Financial Institutions.

7. Some Examples of ComDev Services  Bank employee assists with FHLB program application;  Bank employee services on the Board of Directors, loan committee, fundraising committee, other technical assistance  Bridge loan to cover gap between loan closing and funding of subsidy  Provide or support credit/financial/homebuyer counseling

8. Julie Gunter Community Development Director Federal Reserve Bank of Dallas (214) 922-5275 Julie.gunter@dal.frb.org www.dallasfedcomdev.org www.buildingwealth.org www.texascolonias.org @dallasfedcomdev @budget2save