What does the SHCPF do with the money A sponsor invests or loans?

The dollars invested in or loaned to the Foundation will be used for the sole purpose of purchasing bonds and using a portion of the yield from the principal invested to support the installation and operation of the Senior Crimestoppers program in facilities housing low- to moderate income residents. The bonds purchased are secured and pledged as full collateral back to the sponsoring bank, institution, trust or foundation. For financial institutions, the investment or loan to the Foundation(s) will remain outstanding to qualify for full CRA credit: (a) with the investment credit being selfcertifying each year, and (b) the loan credit being renewable and reportable each year as an origination.

Sponsorship dollars from private trusts and foundations are all handled as loans through the Senior Housing Crime Prevention, Inc. Dollars directed for CRA Loan Credit will be made payable to the Senior Housing Crime Prevention Foundation, Inc. This entity is a 501 c-3 non-profit corporation.

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