# 12 CFR § 1807.200: Applicant eligibility

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/ecfr-12-1807.200

## Section

- **Citation:** 12 CFR § 1807.200
- **Heading:** Applicant eligibility
- **Jurisdiction:** Federal
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** September 22, 2026
- **Source:** Publisher's official text
- **Location:** Title 12—Banks and Banking > CHAPTER XVIII—COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS FUND, DEPARTMENT OF THE TREASURY > PART 1807—CAPITAL MAGNET FUND > Subpart B—Eligibility

## Text

(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) if it is:
(i) A Certified CDFI, as set forth in 12 CFR 1805.201;
(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) 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) 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) of this section, the CDFI Fund will verify that the Applicant is a Certified CDFI as described in the applicable NOFA.

## Nearby sections

- [12 CFR § 1807.100 § 1807.100 Purpose.](https://www.frixlaw.com/law-library/statutes/ecfr-12-1807.100.md)
- [12 CFR § 1807.101 § 1807.101 Summary.](https://www.frixlaw.com/law-library/statutes/ecfr-12-1807.101.md)
- [12 CFR § 1807.102 § 1807.102 Relationship to other CDFI Fund programs.](https://www.frixlaw.com/law-library/statutes/ecfr-12-1807.102.md)
- [12 CFR § 1807.103 § 1807.103 Recipient not instrumentality.](https://www.frixlaw.com/law-library/statutes/ecfr-12-1807.103.md)
- [12 CFR § 1807.104 § 1807.104 Definitions.](https://www.frixlaw.com/law-library/statutes/ecfr-12-1807.104.md)
- [12 CFR § 1807.105 § 1807.105 Waiver authority.](https://www.frixlaw.com/law-library/statutes/ecfr-12-1807.105.md)
- [12 CFR § 1807.106 § 1807.106 Presumptive Compliance with Other Federal Programs.](https://www.frixlaw.com/law-library/statutes/ecfr-12-1807.106.md)
- [12 CFR § 1807.107 § 1807.107 Applicability of regulations for CMF Awards.](https://www.frixlaw.com/law-library/statutes/ecfr-12-1807.107.md)
- [12 CFR § 1807.200 § 1807.200 Applicant eligibility.](https://www.frixlaw.com/law-library/statutes/ecfr-12-1807.200.md)
- [12 CFR § 1807.300 § 1807.300 Eligible purposes.](https://www.frixlaw.com/law-library/statutes/ecfr-12-1807.300.md)
- [12 CFR § 1807.301 § 1807.301 Eligible Uses.](https://www.frixlaw.com/law-library/statutes/ecfr-12-1807.301.md)
- [12 CFR § 1807.302 § 1807.302 Restrictions on use of a CMF Award.](https://www.frixlaw.com/law-library/statutes/ecfr-12-1807.302.md)
- [12 CFR § 1807.303 § 1807.303 Authorized uses of Program Income.](https://www.frixlaw.com/law-library/statutes/ecfr-12-1807.303.md)
- [12 CFR § 1807.400 § 1807.400 Affordable Housing—General.](https://www.frixlaw.com/law-library/statutes/ecfr-12-1807.400.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/ecfr-12-1807.200. Check the current official text before relying on it. Not legal advice.