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Code · CFR · Title 12 — Banks and Banking · Part 1805 — Community Development Financial Institutions Program · § 1805.700

§ 1805.700. Evaluation and selection—general.

139 words·~1 min read·/us/cfr/t12/s§ 1805.700·

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Applicants will be evaluated and selected, at the sole discretion of the CDFI Fund, to receive assistance based on a review process that may include an interview(s) and/or site visit(s) and that is intended to:
(a)Ensure that Applicants are evaluated on a merit basis and in a fair and consistent manner;
(b)Consider the unique characteristics of Applicants that vary by institution type, total asset size, stage of organizational development, markets served, products and services provided, and location;
(c)Ensure that each Recipient can successfully meet the goals of its Comprehensive Business Plan and achieve community development impact;
(d)Ensure that Recipients represent a geographically diverse group of Recipients serving Metropolitan Areas, non-Metropolitan Areas, and Indian Reservations from different regions of the United States; and
(e)Consider other factors as described in the applicable Notice of Funds Availability.
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