---
kind: "section"
citation: "12 C.F.R. § 1807.801"
title: "12"
number: "1807.801"
heading: "Evaluation of Applications."
url: "https://uscodex.org/cfr/12/1807.801"
---

# §1807.801. Evaluation of Applications.

- (a) **Eligibility and completeness.** An Applicant will not be eligible to receive a CMF Award if it fails to meet the eligibility requirements described in [§ 1807.200](/cfr/12/1807.200.md) and in the applicable NOFA, or if the Applicant has not submitted complete Application materials. For the purposes of this [paragraph (a)](#a), the CDFI Fund reserves the right to request additional information from the Applicant, if the CDFI Fund deems it appropriate.
- (b) **Substantive review.** In evaluating and selecting Applications to receive assistance, the CDFI Fund will evaluate the Applicant's likelihood of success in meeting the factors set forth in the applicable NOFA.
- (c) **Other factors.** The CDFI Fund may consider any other factors that it deems appropriate in reviewing an Application, as set forth in the applicable NOFA, the Application and related guidance materials.
- (d) **Consultation with appropriate regulatory agencies.** In the case of an Applicant that is a Federally regulated financial institution, the CDFI Fund may consult with the Appropriate Federal Banking Agency or Appropriate State Agency prior to making a final award decision and prior to entering into an Assistance Agreement.
- (e) **Recipient selection.** The CDFI Fund will select Recipients based on the criteria described in [paragraph (b)](#b) of this section and any other criteria set forth in this part.

## Notes

### Authority

Authority: 12 U.S.C. 4569.

### Source

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