12 U.S. Code § 4704 - Applications for assistance
Applications for assistance
(a) Form and procedures
(b) Minimum requirementsExcept as provided in sections 4705 and 4712 of this title, the Fund shall require an application—
to establish that the applicant is, or will be, a community development financial institution;
(2) to include a comprehensive strategic plan for the organization that contains—
a business plan of not less than 5 years in duration that demonstrates that the applicant will be properly managed and will have the capacity to operate as a community development financial institution that will not be dependent upon assistance from the Fund for continued viability;
a description of how the applicant will coordinate with community organizations and financial institutions which will provide equity investments, loans, secondary markets, or other services to investment areas or targeted populations;
(4) in the case of an applicant that has previously received assistance under this subchapter, to demonstrate that the applicant—
has substantially met its performance goals and otherwise carried out its responsibilities under this subchapter and the assistance agreement; and
(5) in the case of an applicant with a prior history of serving investment areas or targeted populations, to demonstrate that the applicant—
to include such other information as the Fund deems appropriate.
(c) Preapplication outreach program
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