Community and Economic Development Entity (CEDE) Law and Legal Definition
According to 12 CFR 24.2 [Title 12 -- Banks and Banking; Chapter I -- Comptroller of the Currency, Department of the Treasury; Part 24 -- Community and Economic Development Entities, Community Development Projects, and Other Public Welfare Investments], community and economic development entity (CEDE) means “an entity that makes investments or conducts activities that primarily benefit low- and moderate-income individuals, low- and moderate-income areas, or other areas targeted by a governmental entity for redevelopment, or would receive consideration as "qualified investments" under 12 CFR 25.23. The following is a non-exclusive list of examples of the types of entities that may be CEDEs:
(1) National bank community development corporation subsidiaries; (2) Private or nonbank community development corporations; (3) CDFI Fund-certified Community Development Financial Institutions or Community Development Entities; (4) Limited liability companies or limited partnerships; (5) Community development loan funds or lending consortia; (6) Community development real estate investment trusts; (7) Business development companies; (8) Community development closed-end mutual funds; (9) Non-diversified closed-end investment companies; and (10) Community development venture or equity capital funds.
Legal Definition list
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