13. How must an Applicant demonstrate a Primary Mission of promoting Community Development?
In determining whether an entity has a primary mission of promoting community development, the CDFI Fund will consider whether the activities of the Applicant (and of certain Affiliates, including those subject to the CDFI Certification collective review process for Depository Institution Holding Companies (DIHCs), Affiliates of DIHCs, and Subsidiaries of Insured Depository Institutions (IDIs)) are, per regulation,2 purposefully directed toward improving the social and/or economic conditions of underserved people3 and/or residents of economically distressed communities