The Secretary shall give priority in providing lines of credit under this subpart to community development corporations that propose to undertake economic development activities in distressed communities that target women, Native Americans, at risk youth, farmworkers, population-losing communities, very low-income communities, single mothers, veterans, and refugees; or that expand employee ownership of private enterprises and small businesses, and to programs providing loans of not more than $35,000 to very small business enterprises.
Not less than 5 percent of the amounts made available under section 13822(a)(2)(A) 1 of this title may be reserved to carry out the activities described in subsection (a) of this section.
(Pub. L. 103–322, title III, §31116, Sept. 13, 1994, 108 Stat. 1885.)
Sections: Previous 13811 13812 13821 13822 13823 13824 13825 13826 13841 13842 13851 13852 13853 13861 13862 Next
Last modified: October 26, 2015