FDIC COVID Consumer 24 – Community Services. … Are there other community services that are particularly responsive to the needs of low- and moderate-income individuals during the COVID-19 emergency?

Compliance > COVID & Pandemic-Related
Q:   Community Services. The Joint Statement on CRA Consideration for Activities in Response to COVID-19 highlights loans, investments, and services that support access to health care for low- and moderate-income individuals and communities.  Are there other community services that are particularly responsive to the needs of low- and moderate-income individuals during the COVID-19 emergency?
 
A:   Examples of community services that are responsive to the needs of low- and moderate-income individuals due to the COVID-19 emergency include but are not limited to:

• Childcare for low- or moderate-income essential workers;
• Food banks;
• Shelters or programs for individuals facing homelessness or domestic violence;
• Alcohol or drug recovery programs; or
• Utility assistance programs.
 
 
This Q&A was contained in the Frequently Asked Questions for Financial Institutions Affected by the Coronavirus Disease 2019 (Referred to as COVID-19) – As of March 3, 2021 (which may be updated from time to time).  This may be found on the FDIC’s website here:  https://www.fdic.gov/Coronavirus/faq-fi.pdf.
 

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