Contents

A Look Inside... OCC Guide to Forming CDCs Structuring a Bank CDC 'Corrective Capitalism' at Work Can a Community Bank CDC Produce Big Results? How a Large Bank Targets Needy Neighborhoods Putting a Mission Statement into Practice Innovative Community Bank CDC What CDCs Can Do CRA Considerations for CDCs This Just In... Opportunities from OCC Districts

Promoting the public welfare:
What bank CDCs can do

Bank CDCs can undertake many activities that promote the public welfare by primarily benefiting low- and moderate-income persons and communities. Investments meeting this standard can include those that provide or support:

Affordable housing, community services, or permanent jobs	• Finance, acquire, develop, rehabilitate, manage, sell or rent affordable housing • Develop and operate an assisted living facility for the elderly • Develop and operate a special needs project, such as transitional housing for the homeless • Develop and operate a medical or mental health facility • Develop and operate a community services facility • Provide credit counseling and job training • Conduct community development research • Invest in federal low-income housing tax credits • Invest in historic rehabilitation tax credits • Generate or retain permanent jobs
Equity or debt financing for small business	• Provide equity and loan financing and/or technical assistance for small businesses and micro enterprises • Invest in a community development entity that provides financing for small businesses • Invest in federal new markets tax credits
Area revitalization or stabilization	• Develop and operate a commercial or industrial property • Develop and operate a business incubator • Form a community development financial institution (CDFI) or community development focus bank • Form and operate an agricultural cooperative