Senior Housing Crime Prevention Foundation
The
Senior Housing Crime Prevention Foundation (SHCPF) is a Tennessee
nonprofit corporation established as a conduit for banks to use in
securing qualified Community Reinvestment Act (CRA) credits in all
categories of the mandatory regulatory performance tests and in doing
so, allow banks to serve a new segment of society—the Nation's senior
housing residents who have been classified as a low to moderate income
group.
Among other things, participating banks receive proven retail marketing
and cross selling activities in the over age 50 market linked to the
program, which have proven to push the effective overall yield to over
10% per annum during the 5-year CRA commitment period, and CRA credit in
their direct assessment area(s). Sponsored facilities benefit as well
with the reduction of all incidents of crime such as fraud, abuse,
neglect and theft.
For more information contact:
Josh Latina at the GBA or
Tom Fehrmann at 877-232-0859.