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).
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!
2009 HUD Estimated Median Family Income Reference Tables
All banks need to know the income class into which their mortgage borrowers are classified. A borrower's income class is determined by dividing the borrower's annual income by the HUD Median Family Income of the MSA (or non-MSA) in which the borrower is located. Therefore it is necessary to have the HUD EMFI before determining the income class of any borrower. This changes annually. GeoDataVision has published the 2009 HUD EMFI for every county in the USA.
