§ 1807.800. Evaluation and selection—general.
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/us/cfr/t12/s§ 1807.800·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Each Applicant will be evaluated and selected, at the sole discretion of the CDFI Fund, to receive a CMF Award based on a review process that will include a paper or electronic Application, and may include an interview(s) and/or site visit(s), and that is intended to:
(a)Ensure that Applicants are evaluated in a fair and consistent manner based on the criteria outlined in the NOFA;
(b)Ensure that each Recipient can successfully meet its performance goals and achieve Affordable Housing Activity and Economic Development Activity impacts;
(c)Ensure that Recipients represent a geographically diverse group of Applicants serving Metropolitan Areas and Rural Areas across the United States to address economic distress. Criteria of economic distress may include:
(1)The percentage of Low-Income Families or the extent of poverty;
(2)The rate of unemployment or underemployment;
(3)The extent of disinvestment;
(4)Economic Development Activities that target Extremely Low-Income, Very Low-Income, and Low-Income Families within the Recipient's Service Area; and
(5)Any other criteria the CDFI Fund shall set forth in the applicable NOFA; and
(d)Take into consideration other factors as set forth in the applicable NOFA.
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§ 1807.800
Evaluation and selection—general.
Fed. Reg.×3
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