or firm commitment, through a HUD approved mortgage. This program is excluded from coverage under OMB Circular No. A-I 10. Award Procedure: The local HUD field office reviews the application to determine proposal eligibility. If the project meets program requirements, the local HUD field office issues the commitment to the lender to insure the project. Deadlines: Deadlines are established on a case- by-case basis. Range of Approval/Disapproval Time: Processing time, depending on the degree of preparation of the sponsor, will range from 3 to 6 months. Appeals: When application for mortgage insurance is refused, HUD will state the reasons for refusal. Renewals: The term of a commitment to insure may be extended under certain circumstances when more time is required. INFORMATION CONTACTS: Regional or Local Office: Persons are encouraged to communicate with the nearest local HUD field Office listed in the Catalog Address Appendix IV. Headquarters Office: Office of Business Products, Department of Housing and Urban Development, Washington, DC 20410. Telephone: (202) 708-0624. WOMEN S BUSINESS OWNERSHIP ASSISTANCE Current Year: Grants: $9,000,000 Loans: $0,000 Other: $0,000 Total: $9,000,000 OBJECTIVES: To fund nonprofit economic development organizations to assist, through training and counseling, small business concerns owned and controlled by women, and to remove, in so 560
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