- have been in a good CTC, and you will
- are not a technology one only has shelter software.
For it inaugural NOFA, OSC is designed to financing the fresh new procurement otherwise rehab regarding gadgets getting development processes regarding the CTCs.
C. Part 8140 Eligibility Conditions
OSC often glance at endeavor apps to have existing Federal wedding. Brand new Section 8140 Qualifications Criteria have been set up pursuant to section 8140 of the Appropriations Work. The 3rd proviso away from point 8140 necessitates the Assistant away from Cover while the Manager of Work environment out-of Government and you will Funds (OMB) to together write requirements getting eligibility getting lead finance and you will loan pledges you to definitely limitation Federal participation for the a task similar to the criteria into budgetary medication sent to in the area 504 of your own Government Borrowing Change Operate away from 1990 (FCRA; dos You.S.C. 661c) and you can in line with the suggestions part of the 1967 Report away from this new President’s Fee toward Finances Basics. All people submission applications for investment not as much as this NOFA have to over answers towards the Part 8140 Eligibility Standards. OSC and you may OMB does an alternative overview of the fresh new solutions into the Part 8140 Eligibility Standards answers and watch whether or not the application matches the fresh requirements.
Federal Qualifications Endurance Inquiries
step one. ‘s the prospective borrower seeking to investment for a job or purchase which will make an event, device, house, and/or services whereby the us government is the only user?
dos. Is the potential debtor trying money to own a task otherwise purchase to manufacture an event, unit, asset, and/otherwise service in which payment try majority determined by current otherwise anticipated Federal offer ( elizabeth.g., grants otherwise agreements)?
Federal Deal Evaluating Criteria
step one. Is the debtor a community-private union, otherwise does the us government if you don’t has actually a job on governance of your own activity funded by suggested exchange ( e.g., a business officer reputation, membership on Board off Directors, the capacity to unilaterally decide or veto people in brand new Board away from Administrators, or any other forms of control or influence reserved to possess a shareholder), except for people terms and conditions contained in the Borrowing from the bank Contract otherwise ancillary documents?
2. Is the proposed transaction financial support a task whereby a national agencies has received earlier in the day consent during the guidelines, and you will rather than hence authorization a personal field entity would not take part regarding the interest?
step three. grams., is the OSC loan critical to protecting good feedback views or catalyzing individual assets)? In this case, excite establish how suggested transaction fits during the examined newest personal business.
cuatro. Does the transaction believe the us government and then make other in the-kind efforts (house, a property, right-of-ways, an such like.)? In this case, please define.
5. Just what, if any, newest Government capital assets ( elizabeth.g., Government residential property, formations, devices, otherwise intellectual possessions) could well be impacted by your order? Such, commonly your order loans build away from a valuable asset towards the Federal belongings, or does your order have confidence in the new Federal Government’s continued possession and you will maintenance out-of a pattern to possess viability?
6. Towards training, excluding a meeting of standard, create government entities be required to defense monetary losings related on the investment?
From the Application Area step 1, in case the candidate responses yes to almost any of one’s Federal Purchase Tests Criteria, brand new candidate would be acceptance to supplement the solution to give after that detail.
D. Qualified Costs
Direct loans designed for qualified projects thanks to OSC may be used to finance the purchase or rehabilitation from devices, while the following will set you back individually associated with financed equipment:
- Pre-installations will cost you, such believed, development, technology study, financing, courtroom costs, and you can associated fees (with the exception of application will set you back, and therefore will not be covered);
