Exhibit_C-_Community_Reinvestment_Plan_Instructions.pdf
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- Attached to
- Depository Services
- Solicitation number
- 2024-RFP-261
- Issued by
- Allegheny County, Philadelphia City, Pennsylvania
About this file
This document is Exhibit C of a Request for Proposal (RFP) for a Community Reinvestment Plan (CRP) specific to the City of Pittsburgh. The CRP template requires applicants to submit a comprehensive plan addressing initiatives for low to moderate income and minority Pittsburgh residents and minority/women-owned businesses. The plan must be updated every three years and will be scored on a 0-5 scale, with failure to present a tailored CRP resulting in ineligibility.
The document outlines eight key sections that applicants must complete, including company overview, mission statement, economic development, small business lending, full service banking, CRA-qualified home lending, philanthropy, and additional commitment details. The plan requires demonstrating specific approaches to serving unbanked and underbanked communities, lending to businesses and non-profits in LMI communities, providing home lending options, offering philanthropic support, and showcasing workforce and board diversity, supplier diversity, and collaboration with community-based organizations.
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EXHIBIT C- COMMUNITY REINVESTMENT PLAN
In order to fulfill the requirements of the RFP, applicants must present a Community Reinvestment Plan (CRP) SPECIFIC TO THE CITY OF PITTSBURGH. The CRP, which is to be updated every 3 years, must include proposed initiatives that address low to moderate income and minority City of Pittsburgh residents and minority and women-owned City of Pittsburgh businesses. Each submission is scored on a 0-5 scale; failure to present a tailored CRP will result in ineligibility. Please submit the CRP in the form of the template below.
I. COMPANY OVERVIEW
a. History
b. Areas served
II. BANK/CRP MISSION STATEMENT
a. Mission
b. Explanation of commitment
III. ECONOMIC DEVELOPMENT
a. CRA Investments
b. Lending to businesses and non-profits that address the needs of LMI communities in the City of Pittsburgh
IV. SMALL BUSINESS LENDING
V. FULL SERVICE BANKING
a. Serving unbanked and underbanked communities
b. Technology and deposit products for LMI customers
VI. CRA-QUALIFIED HOME LENDING
a. Single family
b. Multi-family
VII. PHILANTHROPY
a. Direct giving and grantmaking
b. Sponsorships
c. Technical assistance
VIII. ADDITIONAL INFORMATION DETAILING COMMITMENT TO THE CITY OF PITTSBURGH,
ITS RESIDENTS, BUSINESSES, AND NON-PROFITS
a. Work with CBO’s/CHDO’s
b. Workforce and board diversity
c. Supplier diversity
File details come from the government source that posted it. Updated .