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Are there any restrictions on the use of Community Development advances?

April 26, 2017advances Development

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Are there any restrictions on the use of Community Development advances?

1 Answer

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10 Posted

Yes. Members must take down a Community Development advance within 12 months of its approval, unless the application included an approved request for a longer takedown period. If a member is unable to take down the advance within the specified period, the member may submit a written request for an extension. Requests for extensions will be considered on a case-by-case basis.