§ 13823. Approval of applications
(a)
In general
In evaluating applications submitted under section
13822
(b)(2)(B) of this title, the Secretary shall ensure that—
(1)
the residents of the target area to be served (as identified under the strategic development plan) would have an income that is less than the median income for the area (as determined by the Secretary);
(2)
the applicant community development corporation possesses the technical and managerial capability necessary to administer a revolving loan fund and has past experience in the development and management of housing, community and economic development programs;
(3)
the applicant community development corporation has provided sufficient evidence of the existence of good working relationships with—
(4)
the applicant community development corporation will target job opportunities that arise from revolving loan fund investments under this subpart so that 75 percent of the jobs retained or created under such investments are provided to—
(C)
individuals who are participating or have participated in job training programs authorized under title I of the Workforce Investment Act of 1998 [29 U.S.C. 2801 et seq.] or the Family Support Act of 1988 (Public Law 100–485);
(b)
Priority
In determining which application to approve under this subpart the Secretary shall give priority to those applicants proposing to serve a target area—