the loan is made. Loans may be made in communities up to 10,000 people in MSA areas and some communities up to 20,000 population in non- MSA areas. Applicants in towns of 10,000 to 20,000 should check with their local Rural Development; office to determine if the agency can serve them. Assistance is available to eligible applicants in States, Puerto Rico, the Virgin Islands, Guam, American Samoa, the Northern Mariana's, and the Trust Territory of the Pacific Islands. Beneficiary Eligibility: Occupants must be very low-, low- or moderate-income families households, elderly, handicapped, or disabled persons. Credentials/Documentation: Applicants must furnish evidence of the following: (a) A comprehensive market analysis showing the 294 need for such service; (b) a legal capacity to incur the obligation and operate the housing; (c) a sound budget; (d) good credit history; (e) inability to obtain necessary funds from other sources on terms and conditions that would enable the applicants to rent the units for amounts that are within payment ability of eligible very low, low-, or moderate-income family, households, elderly, handicapped, or disabled occupants. This program is excluded from coverage under OMB Circular No. A-87. APPLICATION AND AWARD PROCESS: Preapplication Coordination: Not applicable. This program is excluded from coverage under E.O. 12372. Application Procedure: For FY 00 the Section 515 Program will be awarded
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