B&I project priority point system.

CFR · 2024-01-01 · US · Title 7

This section applies to B&I projects seeking a loan guarantee. When applications on hand have the same priority score, the Agency will give preference to applications involving guaranteed loans from veterans. To receive veteran points, a veteran or veterans must own 20 percent or more interest in the borrower and the borrower must sign a certification in its application to indicate that the borrower has veteran status. A maximum of 100 points can be awarded. (a) (b) (1) A distressed community in accordance with the Economic Innovation Group distressed community index. The list can be found on the Agency's website at: (2) A rural county that has had 20 percent or more of its population living in poverty, as defined by the United States Census Bureau, for the last 30 years, 5 points will be awarded. (3) For a city or county with a current unemployment rate, as determined by the Department of Labor, 125 percent of the State-wide rate or greater, 5 points will be awarded. For projects located in certain territories that may not have unemployment rates by localities, if the applicant's proposed service area has an unemployment rate exceeding 125 percent of the national unemployment rate, 5 points will be awarded. (4) The boundaries of a federally recognized Indian Tribe's reservation, within Tribal trust lands, or within (c) (1) If the lender will price the guaranteed loan at an interest rate equal to or less than the equivalent of the (2) If the guaranteed loan is less than 60 pe

official document · source cfr-2024 · id 7:§ 5001.318