Qualified Issuers.

CFR · 2024-01-01 · US · Title 12

(a) (1) The applicant must be a Certified CDFI, or an entity designated by a Certified CDFI to issue Bonds on its behalf; (2) The applicant must have appropriate expertise, capacity, and experience, or otherwise be qualified to issue Bonds for Eligible Purposes; (3) The applicant must have appropriate expertise, capacity, and experience, or otherwise be qualified to make Bond Loans for Eligible Purposes; (4) The applicant must have appropriate expertise, capacity, and experience to serve or have identified qualified entities that will serve as its Program Administrator and Servicer; and (5) The applicant must meet such other criteria as may be required by the CDFI Fund pursuant to this interim rule and the applicable Notice of Guarantee Availability. (b) (c) (1) Preparing and submitting the Guarantee Application on behalf of Eligible CDFI applicants that designated it to serve as Qualified Issuer, including providing any additional information needed for review by the CDFI Fund; (2) During the CDFI Fund's review and evaluation of the Guarantee Application, serving as primary point of contact between the CDFI Fund and the Eligible CDFI applicants that designated the Qualified Issuer to serve on their behalf; (3) Issuing the Bond for purchase by the Bond Purchaser; (4) Making Bond Loans to Eligible CDFIs, ensuring that 100 percent of Bond Proceeds are used to make Bond Loans; (5) Charging interest on the Bond Loans as set forth in this interim rule and Bond Loan documents, and

official document · source cfr-2024 · id 12:§ 1808.200