Survey Questions for Economic and Community Development Trade Associations (For Oct. conference)

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

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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?

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For October Use
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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?
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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

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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

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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).
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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.
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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?

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FHFA Economic Development Survey for Economic and Community Development Trad... Page 6 of 6
For October Use
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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?
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http://www.zoomerang.com/Survey/WEB22BATUTXWAC