§ 1805.301. Eligible activities.

178 words·~1 min read·/us/cfr/t12/s§ 1805.301·

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Recipients may use financial assistance provided under this part to serve Investment Area(s) or Targeted Population(s) by developing or supporting, through lending, investing, enhancing liquidity, or other means of finance:

(a)Commercial facilities that promote revitalization, community stability or job creation or retention;

(b)Businesses that:

(1)Provide jobs for Low-Income persons;

(2)Are owned by Low-Income persons; or

(3)Increase the availability of products and services to Low-Income persons;

(c)Community Facilities;

(d)The provision of Financial Services;

(e)Housing that is principally affordable to Low-Income persons, except that assistance used to facilitate homeownership shall only be used for services and lending products that serve Low-Income persons and that:

(1)Are not provided by other lenders in the area; or

(2)Complement the services and lending products provided by other lenders that serve the Investment Area(s) or Targeted Population(s);

(f)The provision of consumer loans (a loan to one or more individuals for household, family, or other personal expenditures); or

(g)Other businesses or activities as requested by the Applicant and deemed appropriate by the CDFI Fund.

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§ 1805.301

Eligible activities.

Fed. Reg.×18

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