Community Reinvestment Act
LIHTC News
  • WASHINGTON, D.C. - March 17, 2010
    In Notice 2010-18 the Internal Revenue Service provides guidance to low-income housing tax credit allocation agencies in determining how to reduce the LIHTC ceiling under Internal Revenue Code Section 42(h)(3) when tax credits are exchanged for funds under Section 1602 of the American Recovery and Reinvestment Tax Act of 2009...Full Article

Community Reinvestment Act

Guidance

Notice: Interagency Questions and Answers Regarding Community Reinvestment
Office of the Comptroller of the Currency, Treasury (OCC); Board of Governors of the Federal Reserve System (Board); Federal Deposit Insurance Corporation (FDIC); Office of Thrift Supervision, Treasury (OTS)
(March 11, 2010) 

Notice: Interagency Questions and Answers Regarding Community Reinvestment
Office of the Comptroller of the Currency, Treasury (OCC); Board of Governors of the Federal Reserve System (Board); Federal Deposit Insurance Corporation (FDIC); Office of Thrift Supervision, Treasury (OTS)
(January 6, 2009)

OCC Bulletin 2008-24: Community Reinvestment Act and Hurricanes Katrina and Rita
Office of the Comptroller of the Currency, Treasury (OCC)
(September 29, 2008)

Community Development Investment Letter #2008-1: Investment in Fund for Solar Energy Producing Facilities
(July 31, 2008)

Proposed Revisions to the Interagency Questions and Answers Regarding Community Reinvestment
Office of the Comptroller of the Currency, Treasury (OCC); Board of Governors of the Federal Reserve System; and Federal Deposit Insurance Corporation (FDIC)
(July 11, 2007)

OTS Questions and Answers Regarding the Community Reinvestment Act
Office of Thrift Supervision (OTS),
(April 12, 2006)

Interagency Questions and Answers Regarding Community Reinvestment
Office of the Comptroller of the Currency, Treasury (OCC); Board of Governors of the Federal Reserve System; and Federal Deposit Insurance Corporation (FDIC)
(March 2, 2006)

OCC Bulletin 2006-6: Community Reinvestment Act and Hurricanes Katrina and Rita
Office of the Comptroller of the Currency, Treasury (OCC)
(February 9, 2006)

OCC Community Development Investment Letter #2004-3: National Bank May Invest in a CDE formed under the NMTC program which acquires real estate loan made to QALICB

OCC Interpretive Letter # 996: National Bank is Authorized to Acquire Non-controlling Interest in an LLC that Generates NMTCs
(July 6, 2004)

Compliance Corner: Expanding Your CRA Reach with CD Banks and CDFIs
(Summer 2004)

Legal Authority for National Bank Investments in Subsidiary Community Development Entities and NMTCs
(Summer 2004)

OCC Interpretive Letter # 984: Treatment of NMTC investments under CRA
(December 17, 2003)

Community Reinvestment Act Information
U.S. Treasury Department

Equity Equivalent Investments
Community Investments Newsletter, Volume 14; No. 1; March, 2002

Regulations

Final Rule: Community and Economic Development Entities, Community Development Projects, and Other Public Welfare Investments
Office of the Comptroller of the Currency (OCC), April 7, 2009

Revised Definition of Community Development under CRA Regulations 
Office of Thrift Supervision (OTS), April 12, 2006

Joint Final Rule: Community Reinvestment Act Regulations 
Office of the Comptroller of the Currency, Treasury (OCC); Board of Governors of the Federal Reserve System (Board); and Federal Deposit Insurance Corporation (FDIC), August 2, 2005

Proposed Amendment to Community Reinvestment Act regulations 
Office of the Comptroller of the Currency (OCC), Federal Housing Finanace Board and Federal Deposit Insurance Commission (FDIC), March 11, 2005

Proposed Amendment to Community Reinvestment Act definition of 'small bank'  
Federal Deposit Insurance Corporation (FDIC), August 20, 2004

Proposed Amendment to Community Reinvestment Act regulations: definition amended, abusive lending practices and other issues addressed   
Office of the Comptroller of the Currency (OCC); Board of Governors of the Federal Reserve System ; Federal Deposit Insurance Corporation (FDIC); Office of Thrift Supervision (OTS), U.S. Treasury Department, February 2004

Joint Agency Notice of Proposed Rulemaking - Community Reinvestment Act Regulations 
U.S. Treasury Department, Federal Reserve System and Federal Deposit Insurance Corporation, July 19, 2001

  1. Comment Letter Regarding Proposed CRA Regulations
    Novogradac & Company LLP, October 16, 2001
  2. Comment Letter Regarding LIHTC and CRA Regulations 
    Affordable Housing Tax Credit Coalition, July 20, 2000
  3. Letter Regarding Investment in a LIHTC Partnership
    U.S. Treasury Department Office of Thrift Supervision, November 10, 1994

Reports

In Defense of CRA: Making the Case fo Community Investment
National Association of Affordable Housing Lenders, March 2009

Preserving Affordable Multifamily Rental Housing: How Banks Help Sustain the Nation’s Supply of Affordable Rental Housing
Office of the Comptroller of the Currency (OCC) Community Developments Newsletter, Spring 2008

Community Developments Insights: New Markets Tax Credits: Unlocking Investment Potential
Office of the Comptroller of the Currency (OCC), February 27, 2007

The Community Reinvestment Act After Financial Modernization: A Baseline Report
U.S. Treasury Department, April 2000