---
kind: "section"
citation: "12 C.F.R. § 1807.200"
title: "12"
number: "1807.200"
heading: "Applicant eligibility."
url: "https://uscodex.org/cfr/12/1807.200"
---

# §1807.200. Applicant eligibility.

- (a) **General requirements.** An Applicant will be deemed eligible to apply for a CMF Award if it is:
  - (1) **A Certified CDFI.** An entity may meet the requirements described in this [paragraph (a)(1)](#a-1) if it is:
    - (i) A Certified CDFI, as set forth in [12 CFR 1805.201](/cfr/12/1805.201.md);
    - (ii) A Certified CDFI that has been in existence as a legally formed entity as set forth in the applicable Notice of Funds Availability (NOFA); or
  - (2) A Nonprofit Organization having as one of its principal purposes, the development or management of affordable housing. A Nonprofit Organization may meet the requirements described in this [paragraph (a)(2)](#a-2) if it:
    - (i) Has been in existence as a legally formed entity as set forth in the applicable NOFA;
    - (ii) Demonstrates, through articles of incorporation, by-laws, or other board- approved documents, that the development or management of affordable housing are among its principal purposes; and
    - (iii) Demonstrates, by providing information described in the Application, NOFA, and/or supplemental information, as may be requested by the CDFI Fund, that a certain percentage, set forth in the applicable NOFA, of the Applicant's total assets are dedicated to the development or management of affordable housing.
- (b) **Eligibility verification.** An Applicant shall demonstrate that it meets the eligibility requirements described in [paragraph (a)(2)](#a-2) of this section by providing information described in the Application, NOFA, and/or supplemental information, as may be requested by the CDFI Fund. For an Applicant seeking eligibility under [paragraph (a)(1)](#a-1) of this section, the CDFI Fund will verify that the Applicant is a Certified CDFI as described in the applicable NOFA.

## Notes

### Authority

Authority: 12 U.S.C. 4569.

### Source

Source: 89 FR 53015, June 25, 2024, unless otherwise noted.