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.