Persistent Poverty Counties Clause Samples

Persistent Poverty Counties. At the end of each year of the Period of Performance, the Recipient must have closed Financial Products in Persistent Poverty Counties (PPC) in an amount equal to or greater than: 5% of the total PPC Financial Assistance (exclusive of Base-FA, DF-FA, or HFFI-FA) by the end of Year 1 of the Period of Performance, 50% of the total PPC-FA(exclusive of Base-FA, DF-FA, or HFFI-FA) by the end of Year 2 of the Period of Performance, and 100% of the total PPC Financial Assistance (exclusive of Base-FA, DF-FA, or HFFI-FA) by the end of Year 3 of the Period of Performance. The Recipient may satisfy this goal using the PPC Financial Assistance or other available funds on its balance sheet. The PPC does not need to be located in the Recipient’s approved Target Market but must be in an Eligible Market. Financial Products reported for Performance Goal 2-1 may not be reported for any other Performance Goal. Financial Products reported under any Performance Goal for a CDFI Rapid Response Program (CDFI RRP) award may not be reported for this Performance Goal and any Financial Products reported under any Performance Goal hereunder may not be reported for a CDFI RRP award. Dollar Amount ($) % To PPC Total dollar amount of PPC-FA: N/A Period of Performance, Year 1 benchmark (5%): 5% Period of Performance, Year 2 benchmark (50%): 50% Period of Performance, Year 3 benchmark (100%): 100%
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Related to Persistent Poverty Counties

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