(a) Impact and responsiveness
review, in general. Under the Community Development Financing
Test in section 228.24, the Community Development Services Test in
section 228.25, and the Community Development Financing Test for Limited
Purpose Banks in section 228.26, the Board evaluates the extent to
which a bank’s community development loans, community development
investments, and community development services are impactful and
responsive in meeting community development needs in each facility-based
assessment area and, as applicable, each state, multistate MSA, and
the nationwide area. The Board evaluates the impact and responsiveness
of a bank’s community development loans, community development investments,
or community development services based on paragraph (b) of this section,
and may take into account performance context information pursuant
to section 228.21(d).
(b) Impact and responsiveness
review factors. Factors considered in evaluating the impact and
responsiveness of a bank’s community development loans, community
development investments, and community development services include,
but are not limited to, whether the community development loan, community
development investment, or community development service:
(1) Benefits or serves one or more persistent
poverty counties;
(2)
Benefits or serves one or more census tracts with a poverty rate of
40 percent or higher;
(3) Benefits or serves one or more geographic areas with low levels
of community development financing;
(4) Supports an MDI, WDI, LICU, or CDFI,
excluding certificates of deposit with a term of less than one year;
(5) Benefits or serves
low-income individuals, families, or households;
(6) Supports small businesses or small
farms with gross annual revenues of $250,000 or less;
(7) Directly facilitates the acquisition,
construction, development, preservation, or improvement of affordable
housing in High Opportunity Areas;
(8) Benefits or serves residents of Native
land areas;
(9) Is a
grant or donation;
(10)
Is an investment in projects financed with LIHTCs or NMTCs;
(11) Reflects bank leadership
through multi-faceted or instrumental support; or
(12) Is a new community development financing
product or service that addresses community development needs for
low- or moderate-income individuals, families, or households.
