GeoDataVision's Len Suzio will take one question monthly at random as part of GDV's CRA Learning Center.So register today and submit your question for the chance to have it answered by an expert.
2011 HUD-designated Enterprise Communities (Dec 2010)
GeoDataVision President Len Suzio today announced the availability tables identifying the locations of HUD-designated Enterprise Communities, Empowerment Zones and Renewal Communities. "This information will help community banks recognize the presence and location of any HUD-targeted areas within their local communities. These areas specially designated by HUD may be particularly valuable for CRA officers who are seeking to meet the credit needs of their communities and support community development that would be recognized under the Community Reinvestment Act (CRA).
2011 Census Tract Reference Books
GeoDataVision President Len Suzio announced the release of the latest census tract reference books for all 50 states. The tract reference books contain tract identity, income class, distressed and underserved status and minority status. The tables also include the HUD EMFI and LMI threshold calculation. Finally, the tracts are arranged by state, county and minor civil division (town) making them more useful than most standard census tract reference books.
New CRA Program Template available for Community Banks
CRA exams are more difficult and taking longer than ever these days and one of the biggest reasons is a lack of data integrity. Examinations now can last for 10 or 11 weeks because examiners may spend days researching and questioning the reliability of your CRA data. The most common cause of data integrity problems is the lack of a documented CRA program including policy and systems and procedures.
2008 CRA Assement Area Ratios Report
GeoDataVision President Len Suzio announced the release of the National Community Reinvestment Act Assessment Area Ratio Report by GeoDataVision as part of its public service. “We know that the National CRA Assessment Area Ratio Report is an important tool for measuring one of the most important responsibilities for a bank under the Community Reinvestment Act,” said Suzio. The Community Reinvestment Act imposes on banks the requirement to lend the majority of their loans within the markets they have designated as their “assessment areas” under the Regulation. The “Assessment Area Ratio” is a specific test used by bank examiners to determine if a bank is meeting this fundamental responsibility under the Regulation.
2008 NATIONAL CRA COMMUNITY DEVELOPMENT LENDING REPORT
GeoDataVision President Len Suzio announced the release of the National Community Development Lending Report by GeoDataVision as part of its public service. “We believe the National Community Lending Report is invaluable for understanding community needs and evaluating bank performance under the Community Reinvestment Act,” said Suzio.
2009 Census tract reference books
Today GeoDataVision President Len Suzio announced the release of the 2009 Census Tract Reference Books for each state. The Census Tract Reference Books are unique in that they are organized by county and town in each state and they display not only the income classification of each census tract, but the 2009 HUD EMFI and the maximum income for a borrower to qualify as a moderate-income person. The tract reference books are available for free as a public service from GeoDataVision.
CRA Assessment Area Construction Guide
Do you feel the pressure to reach impossible or ill-defined CRA Performance goals ? How you have constructed your Assessment Area may be your problem!
