appeal process. Renewals: MBDC awards are made for a period of one year with the possibility of renewals for up to two additional years. Performance evaluations will be conducted, and funding levels will be established for each of the three budget periods. The MBDC will receive continued funding after the initial competitive year at the discretion of MBDA based upon the availability of funds, the MBDC s performance, and agency priorities. INFORMATION CONTACTS: Regional or Local Office: Contact nearest Minority Business Development Agency Regional Office listed in Appendix IV of the Catalog. Headquarters Office: Juanita E. Berry, Chief, Field Coordination Division, Room 5079, Minority Business Development Agency, Department of Commerce, 14th and Constitution Avenue, NW., Washington, DC 20230. Telephone: (202) 482-6022. :180 CRITERIA FOR MORTGAGE INSURANCE FOR THE PURCHASE OR REFINANCING OF EXISTING MULTIFAMILY HOUSING PROJECTS Current Year: Grants: $0,000 Loans: $0,000 Other: $0,000 Total: $0,000 OBJECTIVES: To provide mortgage insurance to lenders for the purchase or refinancing of existing multifamily housing projects, whether conventionally financed or subject to federally insured mortgages at the time of application for mortgage insurance. ELIGIBLE APPLICANTS: (a) Anyone/general public; APPLICATION AND AWARD PROCESS: Application Procedure: The applicant will submit a formal application for conditional
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