The Problem: Incidents of crime and personal violation of our 40,000 Veterans living in State Veterans Nursing Homes is a constant daily occurance, and will not be tolerated any longer.
The Mission: Ensure that all 40,000 Veterans currently living in 160 State Veterans Nursing Homes are allowed to live out the remainder of their lives in safe, secure, enhanced quality of life environments that are free from the daily fear of crime, abuse, hostility, and deprivation of personal freedom, as provided through the Senior Crimestoppers program.
The Request: The Senior Housing Crime Prevention Foundation has been asked to provide its nationally-acclaimed crime prevention program, Senior Crime- stoppers, through CRA bank support to all 160 Veterans Nursing Homesin America, covering all 40,000 Veteran residents.
The Acceptance: The Foundation board, on behalf of the banking industry that it serves, has accepted the request and is proud to include the American Bankers Association (ABA) and the Independent Community Bankers Association (ICBA) in this initiative to ask every bank in the United States to make a sponsorship commitment to this project.
The Method: Banks can use the Foun- dation to make, no risk, fully collateralized loans for full Community Reinvestment Act (CRA) credit, earn a respectable yield on the loan, and receive full CRA credit for the seven (7) year sponsorship period.
Bank Benefits: Banks can choose their level of support and will enjoy national and local publicity and branch designation as being a part of this project, in addition to enjoying 100 to 1 leverage on each dollar loaned to the Foundation for CRA purposes. In addition, banks enjoy annually renewing credit which generates higher yields than alternative CRA opportunities, a turnkey project, no loan loss reserve, no administrative burdens and the recognition and exposure to the 26.4 million Veterans population who control over $1.1 trillion in net worth.
The Question: Will your bank participate in this mission? For more information, contact Peter K. Gwaltney, SHCPF vice-chairman/CEO, at (877) 232-0859 or visit www.shcpfoundation.org.
You can also learn more about this innovative CRA solution at a complimentary CRA conference Oct. 25-26, 2012. This year's Doing Well by Doing Good Bankers Conference will be held in Washington, D.C. Learn more.