Demographic Update to Correct a Couple Rarely Used Fields

RATA recently became aware of an issue with five demographic fields not being populated correctly when the FFIEC data was combined with the Community Development Financial Institutions and Federal Housing Finance Agency data for years 2010 to present. While these fields are seldom used by the majority of our clients, the fact that they were not properly updated necessitated that we correct the data and provide it to clients so that the correct information is available to you in the event you ever decide to utilize it. 

The affected fields are as follows: 

• Investment Area Qualification (CDFI Investment Area Qualification), 
• New Markets Tax Credit Qualification (CDFI New Market Tax Credit Qualification)
• Low-Income Area (FHFA LYA)
• Difficult Development Area (FHFA DDA) 
• Underserved Area (FHFA Underserved Area)

If you have auto-updates enabled, you will automatically get the latest update(s) and can apply at your earliest convenience. If you do not use auto-updates, you should go to support site and download the demographic data for any active years in your Comply system for 2010 to present and apply using the Import System Data function.