Loan priority scoring.

CFR · 2024-01-01 · US · Title 7

The Agency will consider applications and preapplications in the order they are received by the Agency; however, for the purpose of assigning priority points as described in paragraph (b) of this section, the Agency will compare an application to other pending applications that are competing for funding. The Agency may establish a minimum loan priority score to fund projects from the National Office reserve and will publish any minimum loan priority score in a notice published in the (a) When applications on hand otherwise have equal priority, the Agency will give preference to applications for loans from qualified veterans. (b) The Agency will assign priority points on the basis of the point system contained in this section. The Agency will use the application and supporting information to determine an eligible proposed project's priority for available guarantee authority. To the extent possible, all lenders must consider (1) (2) (i) Located in an eligible area of long-term population decline according to the last three decennial censuses (5 points); (ii) Located in a rural county that has had 20 percent or more of its population living in poverty based on the last three decennial censuses (10 points); (iii) Located in a rural community that is experiencing trauma as a result of natural disaster (5 points); (iv) Located in a city or county with an unemployment rate 125 percent of the Statewide rate or greater (5 points); (v) Located within the boundaries of a Federally recog

official document · source cfr-2024 · id 7:§ 4279.166