106 STAT. 3860 PUBLIC LAW 102-550—OCT. 28, 1992

(F) institutions, such as South Shore Bank (Chicago,
Illinois), Southern Development Bancorporation
(Arkadelphia, Arkansas), Center for Community Self Help
(Durham, North Carolina), and Community Capital Bank
(Brooklyn, New York), with a primary mission of promoting
community development have proven their ability to
promote revitalization and are appropriate models for
restoring economic stability and growth in distressed
communities and neighborhoods.

(2) PURPOSES.—The demonstration program carried out
under this section shall—

(A) improve access to capital for initiatives which bene-
fit residents and businesses in targeted geographic areas;
and

(B) test new models for bringing credit and investment
capital to targeted geographic areas and low-income per-
sons in such areas through the provision of assistance
for capital, development services, and technical assistance

(3) DEFINITIONS.—As used in this section—

(A) the term "Federal financial supervisory agency'
means—

(i) the Comptroller of the Currency with reaper t
to national banks;

(ii) the Board of Governors of the Federal Reset" *e
System with respect to State-chartered banks whi;h
are members of the Federal Reserve System and bank
holding companies;

(iii) the Federal Deposit Insurance Corporation
with respect to State-chartered banks and savings
banks which are not members of the Federal Reserve
System and the deposits of which are insured by the
Federal Deposit Insurance Corporation;

(iv) the National Credit Union Administration
Board with respect to insured credit union associati ons;
and

(v) the Office of Thrift Supervision with re'.pect
to insured savings associations and savings and loan
holding companies that are not bank holding
companies;

(B) the term "community investment corporation"
means an eligible organization selected by the Sec-etary
to receive assistance pursuant to this section;

(C) the term "development services" means activities
that are consistent with the purposes of this section and
which support and strengthen the lending and investment
activities undertaken by eligible organizations including—

(i) the development of real estate;

(ii) administrative activities associated with the
extension of credit or necessary to make an investment;

(iii) marketing and management assistance;

(iv) business planning and counseling services; and

(v) other capacity building activities whic'i enable
borrowers, prospective borrowers, or entities in which
eligible organizations have invested, or expect to invest,
to improve the likelihood of success of their activities;

(D) the term "eligible organization" means an entity—
(i) that is organized as—