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Code of Federal Regulations (Last Updated: July 5, 2024) |
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Title 12 - Banks and Banking |
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Chapter XVIII - Community Development Financial Institutions Fund, Department of the Treasury |
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Part 1805 - Community Development Financial Institutions Program |
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Subpart G - Evaluation and Selection of Applications |
§ 1805.700 - Evaluation and selection - general.
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§ 1805.700 Evaluation and selection - general.
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.