Recipients may use financial assistance provided under this part to serve Investment Area(s) or Targeted Population(s) by developing or supporting, through lending, investing, enhancing liquidity, or other means of finance:
Commercial facilities that promote revitalization, community stability or job creation or retention;
Businesses that:
Provide jobs for Low-Income persons;
Are owned by Low-Income persons; or
Increase the availability of products and services to Low-Income persons;
Community Facilities;
The provision of Financial Services;
Housing that is principally affordable to Low-Income persons, except that assistance used to facilitate homeownership shall only be used for services and lending products that serve Low-Income persons and that:
Are not provided by other lenders in the area; or
Complement the services and lending products provided by other lenders that serve the Investment Area(s) or Targeted Population(s);
The provision of consumer loans (a loan to one or more individuals for household, family, or other personal expenditures); or
Other businesses or activities as requested by the Applicant and deemed appropriate by the CDFI Fund.
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