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U.S.C.
Notes

§12182. Provision of assistance — Inbound Citations

34 U.S.C. § 12182

Cited by 3 provisions in release 119-102.

Citations to §12182(b)(2)

  • 34 U.S.C. § 12184(b)(3)
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    (3) Notwithstanding paragraphs (1) and (2), if a recipient of a line of credit under this subpart has made full and productive use of such line of credit, can demonstrate the need and demand for additional assistance, and can meet the requirements of section 12182(b)(2) of this title, the amount of such line of credit may be increased by not more than $1,500,000.

Citations to §12182(b)(2)(B)

  • 34 U.S.C. § 12183(a)
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    (a) In evaluating applications submitted under section 12182(b)(2)(B) of this title, the Secretary shall ensure that—
    (1) the residents of the target area to be served (as identified under the strategic development plan) would have an income that is less than the median income for the area (as determined by the Secretary);
    (2) the applicant community development corporation possesses the technical and managerial capability necessary to administer a revolving loan fund and has past experience in the development and management of housing, community and economic development programs;
    (3) the applicant community development corporation has provided sufficient evidence of the existence of good working relationships with—
    (A) local businesses and financial institutions, as well as with the community the corporation proposes to serve; and
    (B) local and regional job training programs;
    (4) the applicant community development corporation will target job opportunities that arise from revolving loan fund investments under this subpart so that 75 percent of the jobs retained or created under such investments are provided to—
    (A) individuals with—
    (i) incomes that do not exceed the Federal poverty line; or
    (ii) incomes that do not exceed 80 percent of the median income of the area;
    (B) individuals who are unemployed or underemployed;
    (C) individuals who are participating or have participated in job training programs authorized under title I of the Workforce Innovation and Opportunity Act [29 U.S.C. 3111 et seq.] or the Family Support Act of 1988 (Public Law 100–485);
    (D) individuals whose jobs may be retained as a result of the provision of financing available under this subpart; or
    (E) individuals who have historically been underrepresented in the local economy; and
    (5) a representative cross section of applicants are approved, including large and small community development corporations, urban and rural community development corporations and community development corporations representing diverse populations.

Citations to §12182(b)(2)(D)