Get CRA Compliance

Investment opportunities for banks 

Invest and Earn CRA Credit 

In a city with a rising vacancy rate and declining home values, United Housing is committed to fighting blight and creating wealth among Memphians. That’s why we offer investment opportunities for banks and mortgage companies through our loan programs.   

United Housing has created a CRA compliant program powered by the Build Bold Fund. As a Community Development Financial Institution and nonprofit housing developer, a partnership with United Housing and an investment in the Build Bold Fund will satisfy your bank’s requirements and boost your community relations. Investments are open for our loan programs and new home construction financing. Examples of investment opportunities: 

  • Purchase/Rehab

    $100,000 max

    3.5%, 20-year Term, one closing

    Closing Costs Available

  • Rental Rehab

    $80,000 Max

    3.5%, 5-year Term – 10-year AM

  • Homeowner Rehab

    $20,000 Max

    1.5%, 10-year Term

    Insurance required upon completion

  • Financial Capability

    Homeownership classes 4x per month

    One-on-One financial counseling/literacy

    Landlord capacity building and home maintenance

    Emerging Developer Workshops

See Home Loans

For qualified investments in these programs, financial institutions may obtain a credit against the sum of the total taxes imposed by the Franchise and Excise Tax Laws. Amount of credit could be: 

  • 5% of a qualified loan term investment OR 

  • 3% annually of the unpaid principal balance* 

  • 10% of a qualified low rate loan, grant or contribution OR 5% annually of unpaid principal balance* 

Investment Levels: 

  • $100,000 

  • $250,000 

  • $500,000 

  • $1,000,000 or more 

Invest in our Programming 

When your bank or mortgage company invests in United Housing’s programming, you’re providing opportunities that make an impact. According to NeighborWorks America, opportunities in homebuyer education and financial counseling, like those offered by United Housing, decrease the likelihood of default by 30% compared to those who have not completed a financial education course. 

Investment Levels: 

  • $5,000 supports two Homebuyer Education classes and 30 families 

  • $2,500 supports one Homebuyer Education class and 15 families 

  • $1,000 pays for 50 Course textbooks 

  • $300 sponsors one family for Homebuyer Education 

 

Donations are tax-deductible and may be eligible for Community Reinvestment Act Credit. Reach out to Amy Schaftlein at aschaftlein@uhinc.org or call at 901-728-6921 to learn more!