Exhibit_C.pdf
PDF 285 KB Posted
- Attached to
- Depository Services
- Solicitation number
- 2022-RFP-185
- Issued by
- Allegheny County, Philadelphia City, Pennsylvania
About this file
Exhibit C is a document from the City of Pittsburgh detailing requirements for a Community Reinvestment Plan (CRP) as part of a Depository Services solicitation. The document outlines a comprehensive framework for financial institutions seeking to provide banking services, requiring applicants to submit a tailored CRP specific to Pittsburgh that addresses the needs of low- to moderate-income and minority residents and businesses. The CRP must be updated every two years and will be scored on a 0-5 scale, with potential ineligibility for submissions that do not meet the specified criteria.
The exhibit provides a detailed outline for the CRP, which includes eight key sections: Company Overview, Bank/CRP Mission Statement, Economic Development, Small Business Lending, Full-Service Banking, CRA-Qualified Home Lending, Philanthropy, and Additional Information Demonstrating Commitment to Pittsburgh. The plan emphasizes comprehensive community engagement, focusing on areas such as CRA investments, lending to businesses and nonprofits, serving unbanked communities, home lending, direct giving, sponsorships, technical assistance, and commitments to workforce and supplier diversity. Each section requires specific details that demonstrate the financial institution's strategic approach to supporting Pittsburgh's economic and social development.
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Other files
| File | Type | Posted |
|---|---|---|
| Depository_Services_(Addendum_#2_Revision).pdf | ||
| Exhibit_D-Cost_Proposal.xlsx | XLSX spreadsheet | |
| Exhibit_B.pdf | ||
| Exhibit_A.pdf |
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Text version
V. EXHIBITS: The attached Exhibits A, B, C, and D must be fully completed for requirement of the City Code, including those set forth in Title Two, Article III, Chapter 221, EXHBIT C
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 two years, must include current and proposed initiatives that address low- to moderate-income and minority Pittsburgh residents and minority- and women-owned Pittsburgh businesses. Each submission is scored on a 0-5 scale; failure to present a tailored CRP will potentially result in ineligibility. For guidance on how to construct a successful CRP, please see the outline 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 nonprofits 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 CITIZENS, BUSINESSES, AND NONPROFITS
a. Work with CBOs/CHDOs
b. Workforce and board diversity
c. Supplier diversity
File details come from the government source that posted it. Updated .