Grant to a nonprofit community program which assists LMI individuals to find and enroll in free or low-cost home broadband internet services for which they are eligible. The Federal Reserve Bank of Richmond will be updating CRA regulations to allow broadband investments made by lenders to qualify as CRA compliance. A representative of the Federal Reserve discussed how this regulatory change could help broadband expansion into rural and underserved communities.
Investment in a local cooperative to develop broadband infrastructure and expand access to LMI residents in the area.
Public welfare investment, under 12 CFR part 24, to finance the construction of a broadband network to develop reliable internet access in an LMI census tract.