§12182 — Title 34 Navy | U.S. Code

§12182 Provision of Assistance

Title 34 › Subtitle Subtitle I— Comprehensive Acts › Chapter 121— VIOLENT CRIME CONTROL AND LAW ENFORCEMENT › Subchapter II— CRIME PREVENTION › Part E— National Community Economic Partnership › Subpart 1— community economic partnership investment funds › § 12182

Last updated Apr 5, 2026|Official source

Summary

The Secretary of Health and Human Services can give credit lines that do not have to be returned to community development corporations. These credits help start, run, or grow revolving loan funds. The money is for projects that create businesses and jobs for low-income, unemployed, or underemployed people and that improve life in cities and rural areas. To get money, groups must win a competitive application process. They must be a community development corporation, send a plan showing the area’s needs, the kinds of businesses to help, and expected benefits, show past experience with low-income housing or community or business projects, and have local funding promises at least equal to the amount requested. The Secretary can allow local promises to be as low as 25 percent of the requested amount in some cases.

Title 34, §12182

Navy — Source: USLM XML via OLRC

(a)The Secretary of Health and Human Services (referred to in this part as the “Secretary”) may, in accordance with this subpart, provide nonrefundable lines of credit to community development corporations for the establishment, maintenance or expansion of revolving loan funds to be utilized to finance projects intended to provide business and employment opportunities for low-income, unemployed, or underemployed individuals and to improve the quality of life in urban and rural areas.

(b)(1)In providing assistance under subsection (a) of this section, the Secretary shall establish and implement a competitive process for the solicitation and consideration of applications from eligible entities for lines of credit for the capitalization of revolving funds.

(2)To be eligible to receive a line of credit under this subpart an applicant shall—

(A)be a community development corporation;

(B)prepare and submit an application to the Secretary that shall include a strategic investment plan that identifies and describes the economic characteristics of the target area to be served, the types of business to be assisted and the impact of such assistance on low-income, underemployed, and unemployed individuals in the target area;

(C)demonstrate previous experience in the development of low-income housing or community or business development projects in a low-income community and provide a record of achievement with respect to such projects; and

(D)have secured one or more commitments from local sources for contributions (either in cash or in kind, letters of credit or letters of commitment) in an amount that is at least equal to the amount requested in the application submitted under subparagraph (B).

(3)Notwithstanding the provisions of paragraph (2)(D), the Secretary may reduce local contributions to not less than 25 percent of the amount of the line of credit requested by the community development corporation if the Secretary determines such to be appropriate in accordance with section 12186 of this title.

Editorial Notes

Codification Section was formerly classified to section 13822 of Title 42, The Public Health and Welfare, prior to editorial reclassification and renumbering as this section.

§12182 Provision of Assistance

Summary

Title 34, §12182

Notes & Related Subsidiaries

Editorial Notes

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