FFIEC Community Contact System-Community Contact Form Restricted F.R.
Community Contact Form
Examiners should summarize each interview they conduct on the Community Contact Form. The purpose of this form is to provide a consistent means by which financial institution regulators can share information obtained through interviews for a particular community. The individual conducting the interview should inform the interviewee that this information will be shared with other regulatory agencies.
The interviewee has authorized the interviewing agency’s staff to:
X Never reveal his/her identity to persons outside the regulatory agencies
Not to reveal his/her identity at this time but to seek his/her permission when appropriate
Reveal his/her identity if the interviewing agency’s staff determines that such a disclosure would be beneficial in enforcing relevant laws, regulations, and policies.
1. Regulatory agency: Federal Reserve Bank of Minneapolis
District/regional office: Ninth Federal Reserve District
2. Date of contact: May 1, 200XY
Person in charge of examination: Cathy E.I. Cee
Interviewer: Catherine Examiner
Reviewed by: Margaret Reviewer
3. Interviewee information:
Name: Lisa Contact_______________________________________________________________
Prefix: Ms._______________________________________________________________________
Title: Executive director____________________________________________________________
Organization represented: Housing and Neighborhood Development Services (“HANDS”) _____
Address Line 1: 1234 Main Street____________________________________________________
Organization City: Celina___________________________________________________________
Organization State: Ohio___________________________________________________________
ZIP Code: 45822
Phone: 419.381.1234
Organization Type: I II III X IV V VI __
Organization Category: Government housing agency
Organization Focus: Public
Geographical Scope: Multi-Neighborhood/City
Program Definition (choose all applicable): Housing
Funding Sources (choose all applicable): HUD
Banking Partners: Not applicable
Comments: None
Area Served (Required for Active Organizations)
Served State: Ohio
Served Counties: Mercer County or
Served MSAs:
4. Was this the first contact with this organization (in connection with a current examination) or a follow-up contact? [X] First [ ] Follow-up
5. Was the interview conducted in conjunction with an examination? If yes, which one?
Yes. The examiner conducted the interview in conjunction with the May 1, 200XY, Consumer Affairs and Community Reinvestment Act examination of Bailey Brothers State Bank, Celina, Ohio.
6. Summarize the organization’s purposes, functions, and sources of funding. (Attach any literature, if available.) Include the organization’s impact if applicable (for example, number of low-income clients served, number of units built, etc.).
HANDS’ mission is to ensure that there is affordable housing available to the residents of Celina. The organization uses federal funds to make home improvement loans and to supplement home purchase loans to ensure that the city’s low- and moderate- income people can afford homes in the town. HANDS also manages a couple of other minor programs, funded by federal programs, to make improvements to rental properties and to provide emergency housing.
The home purchase loan program is called the American Dream Down Payment program. Through this program, HANDS originates a loan secured by a silent-second mortgage. HANDS finances down payment costs, closing costs, and any other prepaid finance charges that a borrower might have to pay in order to get a loan. This program requires the involvement of a bank as the originator of the first mortgage loan.
Through HANDS’ rehabilitation loan program, borrowers receive loans up to $10,000, and the organization forgive the loan in five years if the borrower stays in the house and uses the funds are to rehabilitate property by either improving the quality of the property, increasing energy efficiency of the home, or improving the property value.
Both of HANDS programs are for low-and moderate-income people. The organization defines low and moderate income as incomes of 80 percent or less of the county’s median family income. HANDS considers these programs as very successful; it estimates that it has served about 1200 people in Celina, which is a large percentage of the city’s population.
7. Political or geographic boundaries of area focused on during this specific contact:
HANDS serves the city of Celina.
8. Summarize the interview into the following three categories using as many pages as needed. For further guidance on preparing the write-up, see the material under each of these headings in “Conducting the Interview,” found in the Community Contacts subfolder, under G:\Consumer\Examiners\CA & CRA Exam Documents\Eic\Report Documents.
Community profile
Current economic conditions; current demographic characteristics; general banking and credit needs; other (e.g., identifying names of low- or moderate-income neighborhoods).
Celina is a community in transition. During the 1990s, the city lost two major employers. All the local employees lost their jobs, and the city’s economy took a downturn. Recognizing the lack of employment diversification in the community, the city developed a strategy to attract a variety of businesses. It has attracted small businesses in various sectors that have different employment needs. The community continues to seek new businesses and is experiencing slow and steady economic growth. Tourism is an important sector in Celina.
The city’s housing is homogeneous. The contact mentioned that the neighborhoods around the downtown area are most likely to be low- and moderate-income areas. The housing in these neighborhoods, unlike the areas where new housing is being constructed, is affordable to low- and moderate-income people. The median housing value is approximately $85,700. Each year, the city adds about 30 new homes with an average cost of $157,000.
Celina has a homogenous population. The city has a very small population of minority residents. The contact stated that the city’s residents have very similar incomes.
Opportunities for participation by local financial institutions
Community development, other credit-related projects, or financing programs; level of opportunity for bank involvement.
The city offers little opportunity to participate in community development projects or programs. Credit needs relate to housing and start-up business loans. The contact also stated that financial education programs targeted to low- and moderate-income people are needed in the community.
Future opportunities to participate in housing-related community development might increase. Celina’s mayor is starting a housing initiative partnering with the Fannie Mae. This program will target funds for home rehabilitation, which is a critical need in the community.
Performance of local financial institutions
Perceptions or experience regarding the degree of involvement of the local financial institution industry and of the specific financial institution (if obtained) in the community.
Local banks support the community. The contact noted that all banks in the community have participated in the American Dream Down Payment program. Bailey Brothers State Bank is a large locally owned community banks, which is active in the HANDS’ American Dream program. The contact mentioned that Bailey Brothers State Bank also supports the community with small commercial loans, which are demanded by the new small businesses that the city is attracting.
The contact did not identify any bank’s engaging in acts of discrimination in violation of the fair lending laws and regulations.
Please include the appropriate descriptive term from each heading listed below in the Community Contact Form in section 3. While only the Organization Type description term is required, all appropriate primary descriptors should be selected. Selection of this information will allow the form to be accurately downloaded to the FFIEC Community Contact Database.
Rev. 1-30-04 1
Community Contact Form
FFIEC November 13, 1995 Restricted F.R.
Organization Type:
I-Grassroots community group
II-Community based development or financial intermediaries
III-Government offices
IV-Business and Labor Groups
V-Civil rights and consumer protection groups
VI-Other
Organization Category:
None
Academics, Colleges,
Universities
Bank
CDFI
Civil Rights Group
Coalition of Community Groups
Community Action Agency
Community-Based Development
Corp.
Community Development Bank
Community Development Credit
Union
Community Reinvestment
Consumer
Credit Union
Economic Development
Fair Housing/Fair Lending
Group
Financial Intermediary
Foundation
Funder
Government Housing Agency
Government Planning Agency
Government Small Business or
Econ. Dev. Agency
Grassroots Neighborhood or
Comm. Advocacy Group
Homeless Shelter
Housing
Insurance Company
Micro-Enterprise/Loan Program
Minority Business
Association/Group
National Associations
Neighborhood Housing Services
Org.
Real Estate Group (Developer,
Broker, Realtor, etc.)
Religious-based Community
Development Org
Religious Organization
Secondary Market Agency
Small Business
Small Business
Association/Group
Social Services Agency
Technical Assistance Provider
Tenants’ Organization
Tribal Government
Women-Owned Business
Association/Group
Organization Focus:
None
For-Profit
Non-Profit
Public
Geographical Scope:
None
County
Indian Reservation or Native
Lands
Multi-County
Multi-Neighborhood/City
Multi-State/City
National
Neighborhood
State
Program Definition:
Accounting Assistance
Advocacy/Community
Organizing
Anti-Crime Programs
Anti-Drug Programs
Arts/Cultural Programs
Administer Revolving Loan
Fund
Business Plan Assistance
Childcare
Construction Management
CRA Advocacy
Emergency Food Assistance
Entrepreneurial Training
Equity Investor
Financing
Healthcare
Home Repair/Weatherization
Homeless Housing
Homeownership Counseling
Housing
Housing--New Construction
Industrial Property Management
Job Training/Placement
Low-Income Housing Tax Credit
Marketing Assistance
New Industrial Construction
New Office/Retail Construction
Office Retail Management
Other Youth Programs
Own/Operate Business
Packaging Loans for Others
Production/Resale
Public Housing
Rehab of Industrial Building
Rehab of Office/Retail Buildings
Rehab/Weatherization
Senior Citizens
Service/Package Loans For
Others
Single Room Occupancy
Tenant Counseling
Teen Pregnancy Counseling
Funding Sources:
CDBG
Banks
BIA
Corporations
EDA/Title IX Grants
Federal Government
Foundations
FmHA/Sec. 502.515
FmHA/Inter. Relending Program
FmHA/Rural Bus. Ent. Program
Home
HOPE I/II/III
HUD
HUD 108 Loan Program
HUD 184 Loan Program
HUD 203(k)
HUD Sec. 202 Elderly/Disabled
Intermediaries
Local Government
McKinney Act (homeless)
OCS
Religious Institutions
SBA/Microloan Dem. Project
SBA 504
State Government
Tribal Government
Rev. 1-30-04 1
Community Contact Form
FFIEC November 13, 1995 Restricted F.R.
Rev. 1-30-04 1
Community Contact Form
FFIEC November 13, 1995 Restricted F.R.
Rev. 1-30-04 1