StacksVerified U.S. regulatory reference

12 CFR §1807.800

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
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:
  1. (a)Ensure that Applicants are evaluated in a fair and consistent manner based on the criteria outlined in the NOFA;
  2. (b)Ensure that each Recipient can successfully meet its performance goals and achieve Affordable Housing Activity and Economic Development Activity impacts;
  3. (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. (1)The percentage of Low-Income Families or the extent of poverty;
    2. (2)The rate of unemployment or underemployment;
    3. (3)The extent of disinvestment;
    4. (4)Economic Development Activities that target Extremely Low-Income, Very Low-Income, and Low-Income Families within the Recipient's Service Area; and
    5. (5)Any other criteria the CDFI Fund shall set forth in the applicable NOFA; and
  4. (d)Take into consideration other factors as set forth in the applicable NOFA.