Community Reinvestment Plan
San Diego Municipal Code § 22.3904
in effect§22.3904 Community Reinvestment Plan
(a) No later than January 15, of every odd-numbered year, any financial institution that provides or wishes to provide banking services to the City shall submit to the Committee, a two-year Community Reinvestment Plan describing any current or proposed programs and initiatives that address the financial needs of the City’s residents and businesses in the following categories:
(1) Residential lending, including affordable single-family and multi-family residential mortgage programs;
(2) New construction and rehabilitation lending and investment, especially to nonprofit organizations and to low- and moderate-income persons;
(3) Small business lending and investment, especially to low- and moderate-income persons and neighborhoods;
(4) Community development lending and investment;
(5) Consumer lending and checking and deposit services, especially to low- and moderate-income persons and neighborhoods;
(6) Continuation of the full range of financial services to the entire community, notwithstanding mergers, consolidations and acquisitions activities and other practices pertaining to headquarter office and branch openings and closings; and
(7) Philanthropic and charitable giving to local nonprofit cultural and social service organizations and community groups involved in community development activities or to City-sponsored community development activities.
(b) The Community Reinvestment Plan shall include a summary of proposed programs and activities as provided in Section 22.3904(a), but is not required to include confidential financial information or information that qualifies as a trade secret under California Civil Code section 3426.1(d).
(c) Within 60 days after submittal of a Community Reinvestment Plan a public meeting will be scheduled for consideration of the Plan by the Committee. The financial institution will be provided an opportunity to present its Community Reinvestment Plan to the Committee at the meeting.
(d) The Community Reinvestment Plan will be made available for consideration by the San Diego City/County Community Reinvestment Task Force in fulfillment of its responsibilities under Council Policy 900-09.
(e) Within 60 days after the Community Reinvestment Plan is filed with the Committee, the City will publish the plan on its website.
(“Community Reinvestment Plan” added 10-10-12 by O-20201 N.S.; effective 11-9-2012.)
Source: City of San Diego Office of the City Clerk, San Diego Municipal Code and City Charter (docs.sandiego.gov PDFs)URL: https://docs.sandiego.gov/municode/MuniCodeChapter02/Ch02Art02Division39.pdf#page=3Fetched: 10/28/2026