• have an excellent CTC, and you may
• are not a technology one solely possess coverage apps.

Because debt consolidation vs installment loans of it inaugural NOFA, OSC aims to financing brand new procurement or rehab regarding gizmos getting creation process throughout the CTCs.

C. Part 8140 Qualification Standards

OSC often have a look at enterprise software getting current Federal involvement. The fresh Point 8140 Qualifications Standards was indeed create pursuant to help you point 8140 of your Appropriations Act. The 3rd proviso out-of section 8140 necessitates the Secretary from Shelter as well as the Manager of Workplace regarding Government and you may Finances (OMB) in order to as you produce standards having qualifications to possess head money and loan guarantees one maximum Federal involvement inside a job similar to the criteria into the financial medication delivered to inside the part 504 of your own Federal Credit Change Work out of 1990 (FCRA; dos You.S.C. 661c) and you can according to research by the guidance included in the 1967 Statement away from the newest President’s Fee into the Budget Axioms. Every people entry applications to own capital around that it NOFA must complete answers to the Point 8140 Qualification Requirements. OSC and you can OMB does a holistic review of the fresh answers to your Section 8140 Qualifications Criteria answers and find out whether or not the app meets the new criteria.

Government Qualification Endurance Inquiries

step 1. Is the prospective debtor trying financial support to own a job or exchange to create an event, product, asset, and/or service by which the federal government is the sole associate?

2. ‘s the possible debtor looking to resource having a venture or purchase to help make a phenomenon, equipment, house, and/otherwise services where installment is actually most determined by newest or forecast Federal present ( e.grams., grants otherwise deals)?

Government Exchange Assessment Standards

step one. ‘s the borrower a general public-personal union, or does government entities if you don’t possess a job from the governance of the passion financed by the recommended purchase ( age.g., a business manager status, membership toward Board off Directors, the ability to unilaterally decide or veto people in the fresh Panel out-of Administrators, and other types of manage or determine reserved to have a stockholder), except for people small print included in the Credit Contract or ancillary documents?

dos. Is the advised deal investment an activity for which a national agencies has experienced earlier in the day agreement into the statutes, and you may without and this agreement a private field organization won’t take part regarding pastime?

step 3. grams., is the OSC mortgage important to securing advantageous reviews opinions otherwise catalyzing personal opportunities)? If yes, delight identify the way the recommended purchase matches in the examined most recent private sector.

cuatro. Do your order count on the federal government and work out almost every other in the-form benefits (belongings, a house, right-of-method, etc.)? If yes, delight explain.

5. Exactly what, or no, latest Federal money assets ( e.grams., Federal house, formations, gizmos, otherwise mental possessions) would be influenced by the order? Such as for instance, tend to your order financing framework out of an asset for the Government belongings, or really does your order rely on the brand new Government Government’s proceeded control and you may fix regarding a structure to own viability?

6. On the degree, aside from a meeting out of default, perform the us government have to shelter monetary loss related to the venture?

In the Application Part 1, if your candidate answers yes to the of one’s Federal Transaction Examination Requirements, new applicant might be desired so you can supplement the answer to render after that outline.

D. Eligible Will set you back

Lead money created for eligible programs using OSC can be utilized to invest in the acquisition or rehab away from products, plus the pursuing the will cost you myself of this funded equipment:

• Pre-construction will set you back, eg believed, development, technology study, resource, court costs, and associated charge (except for software will set you back, which will not be protected);