There are restrictions on the amount of investment that an accredited CDFI can make in enterprises that acquire, construct, develop or hold interests in property:

investment of money raised under the CITR scheme in residential property is prohibited outright (see CITM3090), and

the extent to which investment in non-residential property is regarded as a relevant investment is limited (see CITM3092).

The following examples of property-related investments by CDFIs illustrate how various investments would be categorised for CITR purposes.

Example of investment by CDFI Category
Acquisition of new base of operations: Riding Centre for the Disabled
Loan to a non profit-distributing enterprise that provides equestrian opportunities for disabled children and adults.

Money used to acquire existing stables and paddocks as a base for operations.

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