Measuring and reporting Qualified Activities.

CFR · 2024-01-01 · US · Title 12

(a) (b) (1) If an Applicant elects to apply for an award in the CDFI Related Activities category, it may elect to report on (2) If an Applicant elects to apply for an award in the Distressed Community Financing Activities category, the Applicant must report on the following subcategories: (i) Aggregate Consumer Loans; or (ii) Aggregate Commercial Loans and Investments; or (iii) Both paragraphs (b)(2)(i) and (ii) separately; unless the Applicant provides a reasonable explanation, acceptable to the CDFI Fund, in its sole discretion, as to why the Applicant cannot report on aggregated activities in such subcategories. (3) If an Applicant elects to apply for an award in the Service Activities category, it may elect to report on one or more types of activities within the Service Activities category. (c) (1) Undertaken in the Distressed Community; or (2) Provided to Eligible Residents or enterprises that are Integrally Involved in the Distressed Community. (d) (e) (1) Equity Investments, Equity-Like Loans, loans, grants and certificates of deposits, at the original amount of such Equity Investments, Equity-Like Loans, loans, grants or certificates of deposits. Where a certificate of deposit matures and is then rolled over during the Baseline Period or the Assessment Period, as applicable, the CDFI Fund will assess the value of the full amount of the rolled-over deposit. Where an existing loan is refinanced (meaning, a new loan is originated to pay off an existing loan, whether or n

official document · source cfr-2024 · id 12:§ 1806.402