All Six Surveys with updated Zoomerang October Information

FHFA Economic Development Survey for Economic and Community Development Trad... Page 1 of 6
For October Use
10-14-10 - Content Amended per OMB

FHFA Economic Development Survey for Economic and Community
Development Trade Associations
Please respond to the following questions to assist the Federal Housing
Finance Agency in identifying the nation's unmet economic development
credit needs. Your responses are important to us. The Federal Housing
Finance Agency is administering this voluntary survey. Your responses will
be anonymous and will only be associated with your organization type. Your
responses will be used as written (i.e., unedited) to facilitate the open-forum
discussion.
This survey should take no more than 10 to 15 minutes to complete. Thank
you very much for taking part in this survey.
OMB No. 2590-0010, Exp. Date: 02/28/2011.

1

What type of organizations does your association represent? (Check
all that apply).
Economic development
Social services or facilities
Public/government-related services or facilities
Owner-occupied development/preservation: Single-family
Owner-occupied development/preservation: Multifamily
Rental development/preservation: Single-family
Rental development/preservation: Multifamily
Private
Governmental/quasi-government
Public/private partnership

2

Are your association's members primarily?
Not-for-profits
For-profits
Both not-for-profit and for-profit
State or local government agencies

http://www.zoomerang.com/Survey/WEB22BATUTXWAC

FHFA Economic Development Survey for Economic and Community Development Trad... Page 2 of 6
For October Use
10-14-10 - Content Amended per OMB
3

Do your members rely primarily on funding for economic development
from?
Government sources
Private sources
Both

4

Do your members primarily focus on?
Revitalizing declining areas
Businesses in newly developing areas
Sustaining existing communities

5

Do your members primarily use economic development financing for?
Small businesses (SBA defined)
Expansion of medium businesses
Relocations of large businesses from other areas
Farms and agribusinesses
Services
Other, please specify:

6

What are the uses of economic development funding by your
members? (Please rank from 1=most important to 4=least important).
1

2

3

4

Premises/Real estate
Equipment
Expansion
Permanent Working Capital

7

Please list the federal, state or local economic development programs
or sources of funding that are most important to your member
organizations for funding economic development activities?

http://www.zoomerang.com/Survey/WEB22BATUTXWAC

FHFA Economic Development Survey for Economic and Community Development Trad... Page 3 of 6

For October Use
10-14-10 - Content Amended per OMB




8

In response to question 7 above, what are the most useful attributes
of these government-related programs for your members? (Check all
that apply).
No restriction on working capital
Fixed interest rate
Long-term funds
Deferred payment
Other, please specify:

9

In response to question 7 above, what are the most difficult
requirements of these government-related programs for your
members? (Check all that apply).
Equity requirements too high
Collateral requirements
Subordination requirements
Minimum loan amounts too low
Restricted targeting/use of proceeds
Other, please specify:

10 Please list the private economic development programs or sources of
funding that are most important to your member organizations for
funding economic development?




11 In response to question 10 above, what are teh most useful attributes
of these governement-related programs for your members? (Check all
that apply).
No restriction on working capital
Fixed interest rate

http://www.zoomerang.com/Survey/WEB22BATUTXWAC

FHFA Economic Development Survey for Economic and Community Development Trad... Page 4 of 6
For October Use
10-14-10 - Content Amended per OMB
Long-term funds
Deferred repayment
Other, please specify:

12 In response to question 10 above, what are the most difficult
requirements of these government-related programs for your
members? (Check all that apply).
Equity requirements too high
Collateral requirements
Subordination requirements
Minimum loan amounts too high
Maximum loan amounts too low
Restricted targeting/use of proceeds
Other, please specify:

13 What is the biggest economic problem your members have faced in
the past 2 years?
Decline of a major industry (e.g., auto)
Decline in private sources of funds
Decline in government sources of funds
More restrictive credit requirements
Lack of public infrastructure to support development
Lack of local government concessions (e.g., tax abatements)
Other, please specify:

14 What do you view as the most important industries for economic
development funding? (Please rank from 1=most important to 7=least
important).
1

2

3

4

Commercial
Industrial
Manufacturing

http://www.zoomerang.com/Survey/WEB22BATUTXWAC

5

6

7

FHFA Economic Development Survey for Economic and Community Development Trad... Page 5 of 6
For October Use
10-14-10 - Content Amended per OMB
Farming/agribusiness
Social services
Public facility projects and activities
Public or private infrastructure projects such as roads, utilities and
sewers

15 Please describe the types of economic development initiatives that
you think will be creating demand for long-term financing (maturities of
5 years or more) in the next five years (e.g., evolving industries, small
businesses, relocation packages for regional or national business
headquarters, local government expansion).




16 What types of economic development initiatives have your
association's members been most involved in; for example, initiatives
that have created jobs, attracted new industries, provided new public
services, or revitalized specific geographical areas.




17 Are you familiar with the FHLBanks' targeted economic development
funding programs?
Never heard of the programs
Yes, aware that some of the association's members have used
FHLBanks' programs
Yes, the association includes FHLBanks' programs in our
educational materials for member organizations.
Yes, the association has a working relationship with one or more
FHLBanks on behalf of its member organizations

18 Has your association previously discussed issues or problems with
any of the FHLBanks regarding how their economic development
programs could be more useful to the association's members? If so,
what were the issues/problems?

http://www.zoomerang.com/Survey/WEB22BATUTXWAC

FHFA Economic Development Survey for Economic and Community Development Trad... Page 6 of 6
For October Use
10-14-10 - Content Amended per OMB




19 What economic development needs (e.g., types of industries,
geographic areas, or other) do you think should be targeted for
FHLBank economic development funding, and why?




http://www.zoomerang.com/Survey/WEB22BATUTXWAC

FHFA Economic Discussion Survey for State and Local Economic Development Authorit... Page 1 of 6
For October Use

FHFA Economic Discussion Survey for State and Local Economic
Development Authorities
Please respond to the following questions to assist the Federal Housing
Finance Agency in identifying the nation's unmet economic development
credit needs. Your responses are important to us. The Federal Housing
Finance Agency is administering this voluntary survey. Your responses will
be anonymous and will only be associated with your organization type. Your
responses will be used as written (i.e., unedited) to facilitate the open-forum
discussion.
This survey should take no more than 10 to 15 minutes to complete. Thank
you very much for taking part in this survey.
OMB No. 2590-0010, Exp. Date: 02/28/2011.

1

What is currently the most difficult portion of an economic
development funding package for the borrower to come up with?
(Select one response).
Loan from private lender
Guarantees/credit enhancements
Gap financing
Equity
Other, please specify:

2

What do you view as the biggest hurdle to obtaining economic
development financing? (Select one response).
Cost (interest rates, fees, short amortization) of private loan
Subordination
Collateral
Lack of private credit
Lack of public credit
Other, please specify:

http://www.zoomerang.com/Survey/WEB22BAEEVPPS7

FHFA Economic Discussion Survey for State and Local Economic Development Authorit... Page 2 of 6

For October Use
3

What would be useful attributes of private economic development
funding that would complement your agency's programs? (Check all
that apply).
Long-term funding
Short-term/bridge funding
Fixed-rate funding
Funding for premises
Funding for equipment
Funding for permanent working capital
Subordination
Guarantees/credit enhancements
Equity
Small loans
Other, please specify:

4

What do you see as the more critical needs for economic
development? (Check all that apply).
Rural areas
Urban areas
Particular states or regions of the country (please specify in
"other" below)
Small businesses
Expansion of medium businesses
Redevelopment of declining areas
Development of new areas
Sustaining existing communities
Development of new industries (e.g., "green" products and
services) to replace declining industries
Micro and small business incubation
Other, please specify:

5

What do you view as the most important industries for economic
development funding? (Please rank from 1=most important to 7=least
important).
1

2

3

4

http://www.zoomerang.com/Survey/WEB22BAEEVPPS7

5

6

7

FHFA Economic Discussion Survey for State and Local Economic Development Authorit... Page 3 of 6
For October Use
Commercial
Industrial
Manufacturing
Farming/agribusiness
Social services
Public facility projects and activities
Public or private infrastructure projects such as roads, utilities, and
sewers

6

Does your agency primarily focus on? (Please rank 1=most important,
2=very important, 3=important).
1

2

3

Revitalizing declining areas
Businesses in newly developing areas
Sustaining existing communities

7

Does your agency primarily use economic development financing for?
(Please rank 1=most important, 2=very important, 3=important,
4=somewhat important).
1

2

3

4

Small businesses (SBA defined)
Expansion of medium businesses
Relocations of large businesses from other areas
Farms and agribusinesses

8

Please check the purposes of business credit for which there is unmet
demand in your market. (Please rank from 1=most important to
4=somewhat important).
1

2

http://www.zoomerang.com/Survey/WEB22BAEEVPPS7

3

4

FHFA Economic Discussion Survey for State and Local Economic Development Authorit... Page 4 of 6

For October Use
Premises
Equipment
Expansion
Permanent Working Capital

9

Do you restrict funding for any of these purposes?

If yes, please specify:




10 What do you think are the three most useful attributes of your program
for borrowers (e.g., no restriction on working capital, fixed interest
rate, etc.)?




11 What do you think are the three most difficult requirements of your
program for borrowers to meet (e.g., equity requirements, collateral
requirements, subordination requirements, minimum loan amounts)?




12 What is the biggest economic problem your market has faced in the
past two years? (Please select only your top three).
Decline of major industry (e.g., auto) - If selected, please identify
the major industry in the "other" field below.
Decline in Private sources
Decline in Government sources
More restrictive credit requirements
General decline in small business activity
High unemployment

http://www.zoomerang.com/Survey/WEB22BAEEVPPS7

FHFA Economic Discussion Survey for State and Local Economic Development Authorit... Page 5 of 6

For October Use
Lack of public infrastructure to support development
Lack of local government concessions (e.g., tax abatements)
Other, please specify:

13 What do you view as the most important industries for economic
development funding? (Please rank from 1=most important to 7=least
important).
1

2

3

4

5

6

7

Commercial
Industrial
Manufacturing
Farming/agribusiness
Social Services
Public facility projects and activities
Public or private infrastructure projects such as roads, utilities, and
sewers

14 Please describe the types of economic development initiatives that will
require long-term financing, create jobs and spur economic growth
(e.g., hospitals, fire companies, energy and/or telecommunications
industries).




15 What types of economic development initiatives have been successful
in your organization's service area, for example, initiatives that have
created jobs in certain industries (green jobs, energy), provided for
social services (parks, day care centers), and/or located in a specific
geographical area (high unemployment areas, population loss, census
tracts, or empowerment zone, etc.)?




http://www.zoomerang.com/Survey/WEB22BAEEVPPS7

FHFA Economic Discussion Survey for State and Local Economic Development Authorit... Page 6 of 6
For October Use

16 Are you familiar with the FHLBanks' targeted economic development
programs which advances (loans) funds to banks and thrifts to lend to
businesses and organizations for economic development activities?
(Select one response).
Never heard of the program
We regularly partner with FHLBank member lenders
Member lender regularly uses FHLBank economic development
programs
Do not know if this funding is provided through special FHLBank
economic development programs

17 Which type of financial assistance from the Federal Home Loan Banks
might be of potentially greatest use to the
grantees/borrowers/beneficiaries of your agency/department? (Please
rank from 1=highest to 4=lowest).
1

2

3

4

Loan
Letter of Credit
Grant
Guarantee

18 How could the FHLBanks programs used for economic development
be improved? Please consider use of funding for targeted economic
development programs.




http://www.zoomerang.com/Survey/WEB22BAEEVPPS7

FHFA Economic Development Survey for Economists Please respond to the following qu... Page 1 of 3

For October Use

FHFA Economic Development Survey for Economists
Please respond to the following questions to assist the Federal Housing
Finance Agency in identifying the nation's unmet economic development
credit needs. Your responses are important to us. The Federal Housing
Finance Agency is administering this voluntary survey. Your responses will
be anonymous and will only be associated with your organization type. Your
responses will be used as written (i.e., unedited) to facilitate the open-forum
discussion.
This survey should take no more than 10 to 15 minutes to complete. Thank
you very much for taking part in this survey.
OMB No. 2590-0010, Exp. Date: 02/28/2011.

1

If you were to construct an Economic Development (ED) funding
program, what aspects would you emphasize and/or what areas
would you target? (List 3 aspects or areas).




2

What role can the FHLBanks play in economic development funding?




3

What programs are you aware of that could benefit from new or
increased economic development funding?




4

Rank order this list by importance or need for ED funding. (1=Most
Important and 6=Least Important).

http://www.zoomerang.com/Survey/WEB22BADX4PE5U

FHFA Economic Development Survey for Economists Please respond to the following qu... Page 2 of 3

For October Use
1

2

3

4

5

6

Commercial
Industrial
Manufacturing
Social Services
Public facility projects and activities
Public or private infrastructure projects such as roads, utilities, and
sewers

5

Is the order in Question 4 dependent on geography or some other
characteristic? (Please describe).




6

Please describe the types of economic development initiatives that will
require long-term financing, create jobs and spur economic growth
(e.g., hospitals, fire companies, energy and/or telecommunications
industries).




7

What types of economic development initiatives have been successful
in your organization's service area, for example, initiatives that have
created jobs in certain industries (green jobs, energy), provided for
social services (parks, day care centers), and/or located in a specific
geographical area (unemployment, population loss, census tracts, or
empowerment zone, etc.)




8

Is the FHLBank model for private funding for bank and thrift lending
for housing an appropriate model for private funding for bank and thrift
lending for economic development and small businesses?

http://www.zoomerang.com/Survey/WEB22BADX4PE5U

FHFA Economic Development Survey for Economists Please respond to the following qu... Page 3 of 3

For October Use




9

What potential impact can a well designed FHLBank system economic
development funding program have on the development or
revitalization of a local community?
Very positive
Somewhat positive
Neutral (no impact)
Somewhat negative
Very negative

10 If desired, please provide an explanation of the answer you selected
in Question 9 above.




http://www.zoomerang.com/Survey/WEB22BADX4PE5U

FHLBank Member Economic Development Survey Please respond to the following quest... Page 1 of 6
For October Use

FHLBank Member Economic Development Survey
Please respond to the following questions to assist the Federal Housing
Finance Agency in identifying the nation's unmet economic development
credit needs. Your responses are important to us. The Federal Housing
Finance Agency is administering this voluntary survey. Your responses will
be anonymous and will only be associated with the type of your
organization. Your responses will also be provided to the Federal Home
Loan Bank (FHLBank) as written (i.e., unedited) to facilitate the open-forum
discussion.
This survey should take no more than 10 to 15 minutes to complete. Thank
you very much for taking part in this survey.
OMB No. 2590-0010, Exp. Date: 02/28/2011.

1

Is your institution a/an?
Certified Community Development Financial Institution (housing)
Certified Community Development Financial Institution (business)
Certified Community Development Financial Institution (both:
housing & business)
Credit union (Regulated by NCUA)
Commercial bank (regulated by OCC, the Federal Reserve, or
the FDIC)
Housing associate (state or local housing finance or economic
development finance authority)
Insurance company
Savings association (regulated by OTS)

2

Please check the federal, state or local economic development
funding programs that your institution participates in. (select all that
apply)
Small Business Administration (SBA) 7(a) Program
Small Business Administration (SBA) 504 Program
U.S. Department of Agriculture (USDA) Rural Community
Development Initiatives
U.S. Economic Development Administration (EDA)
State/local economic development authorities

http://www.zoomerang.com/Survey/WEB22BBMHFFKBS

FHLBank Member Economic Development Survey Please respond to the following quest... Page 2 of 6

For October Use
Other (please specify):

3

What are the biggest economic problems your market has faced in the
past 2 years? (please select only your top three)
Decline of a major industry (e.g. auto) - If selected, please
identify the major industry in the "other" field below.
Decline in sources of funds
Decline in private sources of funds
Decline in Federal sources of funds
Decline in state sources of funds
Decline in local sources of funds
Decline in business credit demand
General decline in small business activity
High unemployment
Lack of public infrastructure to support development
Lack of local government concessions (e.g., tax abatements)
More restrictive credit requirements
Other (please specify):

4

Rank the following purposes of business credit for which there is an
unmet demand in your market. (1 = Most Important, 4 = Least
Important).
1

2

3

4

Equipment
Expansion
Permanent Working Capital
Premises/Real Estate

5

What is currently the most difficult portion of an economic
development funding package for the borrower to come up with?
(please rank using 1 = Most difficult, 3 = Least difficult)
1

2

Equity Loan from private lender

http://www.zoomerang.com/Survey/WEB22BBMHFFKBS

3

FHLBank Member Economic Development Survey Please respond to the following quest... Page 3 of 6

For October Use

Gap financing
Guarantees/credit enhancements

6

What do you view as the biggest hurdle to borrowers trying to qualify
for economic development financing at your institution?
Borrower's weak financial position
Cost (interest rates, fees, short amortization) of private loan
Subordination of loans
Lack of collateral
Lack of private credit
Lack of public credit
Other (please specify):

7

Does your institution provide any of the following financing products
for economic development projects? (select all that apply)
Gap Financing
Grants
Guarantee
Loans
Letters of Credit
Does Not Provide Economic Development Financing
Other (please specify):

8

What is the annual volume (number of loans and dollar amount of
loans) of economic development lending done by your institution?
Number of
Economic
Development
Loans:
Dollar Amount of
Economic
Development
Loans:

http://www.zoomerang.com/Survey/WEB22BBMHFFKBS

FHLBank Member Economic Development Survey Please respond to the following quest... Page 4 of 6
For October Use

9

Does your institution offer loans or other credit products for the
following types of activities? (select all that apply)
Agribusiness
CDFI Intermediaries
Farms
Infrastructure
Small Businesses (as defined by SBA or less than 100
employees)
Medium Sized Businesses (100-499 employees)
Large Sized Businesses (500 or more employees)
Social Services
Other (please specify):

10 If yes to question 9, what are the loan maturities? (select all that
apply)
1 year or shorter
From 1 to 5 years
From 5 to 10 years
From 10 to 20 years
Longer than 20 years

11 Please describe the types of economic development initiatives that
you think will be creating demand for long-term financing (maturities of
5 years or more) in your market area in the next five years (e.g.,
evolving industries, small businesses, relocation packages for regional
or national business headquarters, local government expansion).




12 What types of economic development initiatives have been successful
in your institution's service area; for example, initiatives that have
created jobs, provided new public services, or revitalized a specific
geographical area?




http://www.zoomerang.com/Survey/WEB22BBMHFFKBS

FHLBank Member Economic Development Survey Please respond to the following quest... Page 5 of 6

For October Use
13 When was the last time that your institution applied for or obtained a
targeted economic development advance, grant or letter of credit from
an FHLBank?
Never applied for an advance, grant, or letter of credit
Within the last year
Within the last 3 years
Within the last 5 years
Within the last 10 years

14 How many FHLBank targeted economic development advances were
you approved for within the last five years?
Never applied for targeted economic development advances
Less than 5 advances
5 advances to less than 10 advances
10 advances to less than 20 advances
20 or more advances

15 Is there a feature of the FHLBank's targeted economic development
advances program that deters your institution from obtaining these
advances to fund your economic development and small business
credit activities?
Regulation is too confusing
Targeting requirements for use of advances doesn't target the
economic development needs in my service area
Not inclined to use housing assets as collateral for economic
development loans
Don't have sufficient housing assets to collateralize economic
development advances
Paperwork/Documentation
Other (please specify):

16 What economic development needs (e.g., types of industries,
geographic areas, or other) do you think should be targeted for the
use of FHLBank economic development funding?




http://www.zoomerang.com/Survey/WEB22BBMHFFKBS

FHLBank Member Economic Development Survey Please respond to the following quest... Page 6 of 6

For October Use
17 In your opinion, what would be the characteristics of successful
targeted economic development advances from your FHLBank, that
your institution would be willing and able to access regularly to
support economic development and business financing in your market
area?




18 Does your institution qualify as a community financial institution (CFI)
(i.e., assets at or below $1.01 billion)?

19 If your institution is a CFI, does your institution have small business,
small farm, agribusiness or other community development
loans/assets to use as collateral for economic development advances
from the FHLBank?

20 Please provide your total assets as of 12/31/09.

http://www.zoomerang.com/Survey/WEB22BBMHFFKBS

Economic Development Survey for FHLBank of Pittsburgh Participants Please respond to the fol... Page 1 of 4

Economic Development Survey for FHLBank of Pittsburgh Participants
Please respond to the following questions to assist the Federal Housing
Finance Agency in identifying the nation's unmet economic development
credit needs. Your responses are important to us. The Federal Housing
Finance Agency is administering this voluntary survey. Your responses will
be anonymous and will only be associated with the type of your
organization. Your responses will also be provided to the Federal Home
Loan Bank (FHLBank) as written (i.e., unedited) to facilitate the open-forum
discussion.
This survey should take no more than 10 to 15 minutes to complete. Thank
you very much for taking part in this survey.
OMB No. 2590-XXXX, Exp. Date: MM/DD/2010.

1

Please check the federal, state, or local economic development
funding programs that your organization participates in? (select all that
apply)
Small Business Administration (SBA) 7(a) Program
Small Business Administration (SBA) 504 Program
U.S. Department of Agriculture (USDA) Rural Community
Development Initiatives
U.S. Economic Development Administration (EDA)
State/local economic development authorities
Other (please specify):

2

What are the biggest economic problems your market has faced in the
past 2 years? (please select only your top three)
Decline of a major industry (e.g. auto) - If selected, please
identify the major industry in the "other" field below.
Decline in sources of funds
Decline in private sources of funds
Decline in Federal sources of funds
Decline in state sources of funds
Decline in local sources of funds
Decline in business credit demand

http://www.zoomerang.com/Survey/WEB22B39LABYUQ

8/18/2010

Economic Development Survey for FHLBank of Pittsburgh Participants Please respond to the fol... Page 2 of 4
General decline in small business activity
High unemployment
Lack of public infrastructure to support development
Lack of local government concessions (e.g., tax abatements)
More restrictive credit requirements
Other (please specify):

3

Rank the following purposes of business credit for which there is an
unmet demand in your market. (1 = Most Important, 4 = Least
Important).
1

2

3

4

Equipment
Expansion
Permanent Working Capital
Premises/Real Estate

4

What is currently the most difficult portion of an economic
development funding package for your organization to obtain?
Loan from private lender
Guarantees/credit enhancements
Gap financing
Equity
Other (please specify):

5

Please describe the types of economic development initiatives that
you think will be creating demand for long-term financing (maturities of
5 years or more) in your market area in the next five years (e.g.,
evolving industries, small businesses, relocation packages for regional
or national business headquarters, local government expansion).
5

6

6

What types of economic development initiatives have been successful
in your organization's service area; for example, initiatives that have

http://www.zoomerang.com/Survey/WEB22B39LABYUQ

8/18/2010

Economic Development Survey for FHLBank of Pittsburgh Participants Please respond to the fol... Page 3 of 4
created jobs, provided new public services, or revitalized a specific
geographical area?
5

6

7

Are you familiar with the FHLBank's targeted economic development
funding program?
Never heard of the program.
Yes, but have not obtained funding through it.
Yes, have worked with an FHLBank member to obtain funding.

8

If your organization has obtained funding from a member using a
FHLBank's targeted economic development program, what are the
features of the FHLBank's program that you are most satisfied
with? (1 = Very Satisfied, 5 = Least Satisfied)
1

2

3

4

5

Term
Additional Comments:
5
6

Pricing
Additional Comments:
5
6

Targeting of purpose
Additional Comments:
5
6

Eligible ways to use funds for targeted purposes
Additional Comments:
5
6

Other (please specify the "other" in the additional comments box
below)

http://www.zoomerang.com/Survey/WEB22B39LABYUQ

8/18/2010

Economic Development Survey for FHLBank of Pittsburgh Participants Please respond to the fol... Page 4 of 4
Additional Comments:
5
6

9

What economic development needs (e.g., types of industries,
geographic areas, or other) do you think should be targeted for
FHLBank economic development funding?
5

6

10 Does your institution have small business, small farm, or agribusiness
and other community development loans/assets to use as collateral
for economic development advances from the FHLBank?

11 Please identify your organization type from the drop down list below.
6

http://www.zoomerang.com/Survey/WEB22B39LABYUQ

8/18/2010

#11 Drop down list

FHLBank Member Economic Development Survey for FHLBank of Pittsburgh Participants Pleas... Page 1 of 6

FHLBank Member Economic Development Survey for FHLBank of
Pittsburgh Participants
Please respond to the following questions to assist the Federal Housing
Finance Agency in identifying the nation's unmet economic development
credit needs. Your responses are important to us. The Federal Housing
Finance Agency is administering this voluntary survey. Your responses will
be anonymous and will only be associated with the type of your
organization. Your responses will also be provided to the Federal Home
Loan Bank (FHLBank) as written (i.e., unedited) to facilitate the open-forum
discussion.
This survey should take no more than 10 to 15 minutes to complete. Thank
you very much for taking part in this survey.
OMB No. 2590-XXXX, Exp. Date: MM/DD/2010

1

Is your institution a/an?
Certified Community Development Financial Institution (housing)
Certified Community Development Financial Institution (business)
Certified Community Development Financial Institution (both:
housing & business)
Credit union (Regulated by NCUA)
Commercial bank (regulated by OCC, the Federal Reserve, or
the FDIC)
Housing associate (state or local housing finance or economic
development finance authority)
Insurance company
Savings association (regulated by OTS)

2

Please check the federal, state or local economic development
funding programs that your institution participates in. (select all that
apply)
Small Business Administration (SBA) 7(a) Program
Small Business Administration (SBA) 504 Program
U.S. Department of Agriculture (USDA) Rural Community
Development Initiatives
U.S. Economic Development Administration (EDA)
State/local economic development authorities
Other (please specify):

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8/18/2010

FHLBank Member Economic Development Survey for FHLBank of Pittsburgh Participants Pleas... Page 2 of 6

3

What are the biggest economic problems your market has faced in the
past 2 years? (please select only your top three)
Decline of a major industry (e.g. auto) - If selected, please
identify the major industry in the "other" field below.
Decline in sources of funds
Decline in private sources of funds
Decline in Federal sources of funds
Decline in state sources of funds
Decline in local sources of funds
Decline in business credit demand
General decline in small business activity
High unemployment
Lack of public infrastructure to support development
Lack of local government concessions (e.g., tax abatements)
More restrictive credit requirements
Other (please specify):

4

Rank the following purposes of business credit for which there is an
unmet demand in your market. (1 = Most Important, 4 = Least
Important).
1

2

3

4

Equipment
Expansion
Permanent Working Capital
Premises/Real Estate

5

What are the most difficult portions of an economic development
funding package for the borrower to come up with? (please rank using
1 = Most difficult, 3 = Least difficult)
1

2

3

Equity Loan from private lender
Gap financing

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Guarantees/credit enhancements

6

What do you view as the biggest hurdle to borrowers trying to qualify
for economic development financing at your institution?
Borrower's weak financial position
Cost (interest rates, fees, short amortization) of private loan
Subordination of loans
Lack of collateral
Lack of private credit
Lack of public credit
Other (please specify):

7

Does your institution provide any of the following financing products
for economic development projects? (select all that apply)
Gap Financing
Grants
Guarantee
Loans
Letters of Credit
Does Not Provide Economic Development Financing
Other (please specify):

8

What is the annual volume (number of loans and dollar amount of
loans) of economic development lending done by your institution?
Number of
Economic
Development
Loans:
Dollar Amount of
Economic
Development
Loans:

9

Does your institution offer loans or other credit products for the
following types of activities? (select all that apply)
Agribusiness
CDFI Intermediaries
Farms

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8/18/2010

FHLBank Member Economic Development Survey for FHLBank of Pittsburgh Participants Pleas... Page 4 of 6

Infrastructure
Small Businesses (as defined by SBA or less than 100
employees)
Medium Sized Businesses (100-499 employees)
Large Sized Businesses (500 or more employees)
Social Services
Other (please specify):

10 If yes to question 9, what are the loan maturities? (select all that
apply)
1 year or shorter
From 1 to 5 years
From 5 to 10 years
From 10 to 20 years
Longer than 20 years

11 Please describe the types of economic development initiatives that
you think will be creating demand for long-term financing (maturities of
5 years or more) in your market area in the next five years (e.g.,
evolving industries, small businesses, relocation packages for regional
or national business headquarters, local government expansion).
5

6

12 What types of economic development initiatives have been successful
in your institution's service area; for example, initiatives that have
created jobs, provided new public services, or revitalized a specific
geographical area?
5

6

13 When was the last time that your institution applied for or obtained a
targeted economic development advance, grant or letter of credit from
an FHLBank?
Never applied for an advance, grant, or letter of credit
Within the last year
Within the last 3 years

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FHLBank Member Economic Development Survey for FHLBank of Pittsburgh Participants Pleas... Page 5 of 6

Within the last 5 years
Within the last 10 years

14 How many FHLBank targeted economic development advances were
you approved for within the last five years?
Never applied for targeted economic development advances
Less than 5 advances
5 advances to less than 10 advances
10 advances to less than 20 advances
20 or more advances

15 Is there a feature of the FHLBank's targeted economic development
advances program that deters your institution from obtaining these
advances to fund your economic development and small business
credit activities?
Regulation is too confusing
Targeting requirements for use of advances doesn't target the
economic development needs in my service area
Not inclined to use housing assets as collateral for economic
development loans
Don't have sufficient housing assets to collateralize economic
development advances
Paperwork/Documentation
Other (please specify):

16 What economic development needs (e.g., types of industries,
geographic areas, or other) do you think should be targeted for the
use of FHLBank economic development funding?
5

6

17 In your opinion, what would be the characteristics of successful
targeted economic development advances from your FHLBank, that
your institution would be willing and able to access regularly to
support economic development and business financing in your market
area?
5

6

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FHLBank Member Economic Development Survey for FHLBank of Pittsburgh Participants Pleas... Page 6 of 6

18 Does your institution qualify as a community financial institution (CFI)
(i.e., assets at or below $1.01 billion?

19 If your institution is a CFI, does your institution have small business,
small farm, agribusiness and other community development
loans/assets to use as collateral for economic development advances
from the FHLBank?

20 Please provide your total assets as of 12/31/09.

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8/18/2010