CRA Overview
The Community Reinvestment Act (CRA) requires the Federal Reserve and other federal banking regulators to encourage insured depository institutions (banks, for example) to help meet the needs of low and moderate neighborhoods where they do business by investing in those communities. They can invest in affordable housing, revitalization of distressed areas, financing to small businesses, and so forth. The CRA amount an institution is responsible for is based upon its asset size. Examiners conduct testing to evaluate the institution’s performance. The testing is based on assessment areas, which are the locations where the banks have branches, ATMs, or loans.
Fund CRA
The Fund CRA functionality provides tracking and management of CRA allocations for investors of Syndicated Funds. Use this functionality to locate investors for a fund based on the fund's deals and locations.
For more information, see Fund CRA.
Investor CRA
The Investor CRA functionality provides tracking and management of CRA allocations for Investors of Syndicated Funds. If you have an investor that is looking to invest in a deal with specific location criteria, you can use this functionality to search for the deals that meet the criteria (and the funds that own those deals).
For more information, see Investor CRA.
Bank CRA
With Bank CRA, you can track and manage your specific institution's CRA allocations, and determine whether the investment in your communities is relative to your institution's equity and debt.
For more information, see Bank CRA.