Dear [ ]:

Dear [ ]:

Dear [ ]:

This letter responds to your letter (supplemented by additional written material, telephone conversations and meetings with OCC staff), in which you inquired about the applicability of the Community Reinvestment Act (CRA) regulations to a financial institution's investment in a pooled national community development fund, such as the [ ] (" "), that invests in low-income housing tax credit projects. Specifically, you asked:

Dear [ ]:

This letter responds to your correspondence dated July 4, 1996, to Ms. Julia Brown of the Comptroller of the Currency’s (OCC’s) Western District Office concerning how participation in your CASA Home Loan Program (CASA program) will be considered under the revised Community Reinvestment Act (CRA) regulations. As you know, the CRA regulations establish the framework and criteria by which the regulatory agencies assess an institution’s record of helping to meet the credit needs of its community.

Dear [ ]:

Dear [ ]:

This letter responds to your September 20, 1996 letter, in which you inquire about the application of Community Reinvestment Act (CRA) regulations to certain trade-related products and services offered by [ ] (Bank). Staff from the four Federal financial supervisory agencies have considered the issues you raised, and they concur in the opinions expressed in this letter.

Dear [ ]:

Dear [ ]:

Dear [ ]:

This letter responds to your correspondence dated August 28, 1997, in which you requested that the four financial regulatory agencies ("the agencies") clarify the definition of "affordable housing" as it relates to the Community Reinvestment Act (the "CRA"). Specifically, you have asked whether the agencies would link the definition of affordable multi-family rental housing to rent levels, using a "percentage of income" formula to determine maximum housing expense that would enable the housing to qualify as affordable for purposes of the agencies’ CRA regulations.

 Dear [ ]: