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 › § 12183
When the government reviews applications for these revolving loan funds, the Secretary must make sure several rules are met. The people who live in the area to be helped must have incomes below the area’s median (as the Secretary calculates it). The applicant community development group must have the technical and management skills and past experience running housing, community, or economic projects. The group must show it works well with local businesses, banks, the community it will serve, and with local or regional job training programs. The group must plan its loan projects so that 75 percent of the jobs kept or created go to people who are low-income (at or below the federal poverty line or no more than 80 percent of the area median), unemployed or underemployed, in certain job training programs (WIOA title I or the Family Support Act of 1988), people whose jobs are saved by the financing, or those historically left out of the local economy. The Secretary must also approve a mix of applicants, including large and small groups, urban and rural ones, and groups that serve diverse populations. When picking between applications, the Secretary must give priority to applicants serving areas where the median income is 80 percent or less of the area median and where there is high unemployment or a population loss of at least 7 percent from April 1, 1980, to April 1, 1990 (per the Census).
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Navy — Source: USLM XML via OLRC
Legislative History
Reference
Citation
34 U.S.C. § 12183
Title 34 — Navy
Last Updated
Apr 5, 2026
Release point: 119-73not60