12 CFR 1805.700
§ 1805.700 Evaluation and selection—general.
United States · 12 CFR — Banks and Banking · Status: effective
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- Citation
- 12 CFR 1805.700, § 1805.700 Evaluation and selection—general, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/51276
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Full text
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.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.