Examples of qualifying public welfare investments.

CFR · 2024-01-01 · US · Title 12

Investments that primarily support the following types of activities are examples of investments that meet the requirements of § 24.3: (a) Affordable housing activities, including: (1) Investments in an entity that finances, acquires, develops, rehabilitates, manages, sells, or rents housing primarily for low- and moderate-income individuals; (2) Investments in a project that develops or operates transitional housing for the homeless; (3) Investments in a project that develops or operates special needs housing for disabled or elderly low- and moderate-income individuals; and (4) Investments in a project that qualifies for the Federal low-income housing tax credit; (b) Economic development and job creation investments, including: (1) Investments that finance small businesses (including equity or debt financing and investments in an entity that provides loan guarantees) that are located in low- and moderate-income areas or other targeted redevelopment areas or that produce or retain permanent jobs, the majority of which are held by low- and moderate-income individuals; (2) Investments that finance small businesses or small farms, including minority- and women-owned small businesses or small farms, that, although not located in low- and moderate-income areas or targeted redevelopment areas, create a significant number of permanent jobs for low- and moderate-income individuals; (3) Investments in an entity that acquires, develops, rehabilitates, manages, sells, or rents commercia

official document · source cfr-2024 · id 12:§ 24.6