Notice2024-08219
Notification of Lender and Servicer Eligibility Criteria for Participation in the Health Center Loan Guarantee Program
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
April 18, 2024
Issuing agencies
Health and Human Services DepartmentHealth Resources and Services Administration
Abstract
This notice seeks public comment to update the Health Center Loan Guarantee Program lender and servicer eligibility criteria in accordance with OMB Circular A-129. The original notice of lender eligibility criteria for the Health Center Loan Guarantee Program was published in the Commerce Business Daily on January 7, 2000.
Full Text
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<title>Federal Register, Volume 89 Issue 76 (Thursday, April 18, 2024)</title>
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[Federal Register Volume 89, Number 76 (Thursday, April 18, 2024)]
[Notices]
[Pages 27769-27770]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-08219]
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DEPARTMENT OF HEALTH AND HUMAN SERVICES
Health Resources and Services Administration
Notification of Lender and Servicer Eligibility Criteria for
Participation in the Health Center Loan Guarantee Program
AGENCY: Health Resources and Services Administration (HRSA), Department
of Health and Human Services.
ACTION: Request for public comment.
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SUMMARY: This notice seeks public comment to update the Health Center
Loan Guarantee Program lender and servicer eligibility criteria in
accordance with OMB Circular A-129. The original notice of lender
eligibility criteria for the Health Center Loan Guarantee Program was
published in the Commerce Business Daily on January 7, 2000.
DATES: Submit comments no later than May 20, 2024.
ADDRESSES: Electronic or written comments should be submitted through
the Bureau of Primary Health Care (BPHC) Contact Form (new users must
request access) or to 5600 Fishers Lane, Rm. 16N-20, Rockville, MD
20857, no later than 30 days after the publication date.
FOR FURTHER INFORMATION CONTACT: Mary Lou Ojeda, Lead Public Health
Analyst, or Valerie Green, Loan Specialist, BPHC, Office of Policy and
Program Development, Strategic Initiatives, HRSA, 5600 Fishers Lane,
Rm. 16N-20, Rockville, MD 20857, 301-594-4300, or the BPHC Contact
Form.
SUPPLEMENTARY INFORMATION: Title XVI, part A of the Public Health
Service Act established the authority for the Department of Health and
Human Services to guarantee the principal and interest on certain loans
made by non-Federal lenders. Under this authority, the Health Center
Loan Guarantee Program guarantees up to 80 percent of the outstanding
principal and interest on eligible loans for the construction,
renovation, and modernization of medical facilities that are operated
by health centers funded under the Public Health Service Act. These
health centers, which are community-based private nonprofit or public
entities, provide primary health care services for medically
underserved populations. The approximately 1,400 organizations that
receive funding are located in urban and rural communities throughout
the nation.
HRSA's BPHC administers the Health Center Loan Guarantee Program,
which has a total current lending authority of $825 million. Under the
Program, lender and servicer eligibility requirements have been
established, with participation open to eligible non-Federal lenders.
Consistent with the policies set forth in OMB Circular A-129, this
notice provides interested parties information regarding eligibility
criteria for participating as a lender or servicer in the Loan
Guarantee Program. Specifically, to participate in the Program, a
lender or servicer must: (a) Be regulated or certified and in good
standing with a Federal financial institution regulatory agency, or
furnish satisfactory evidence of adequate financial and capital
condition showing that the lender has (i) a minimum adjusted net worth
of $250,000, or (ii) at least $50,000 in working capital plus 1 percent
of the total volume in excess of $25 million in guaranteed loans
originated, serviced, or purchased during the lender's prior fiscal
year, up to a maximum required adjusted net worth of $2.5 million, and
one or more lines of credit with a minimum aggregated of $1 million;
(b) Not be currently debarred or suspended from participation in any
United States government contract or delinquent on a debt owed to the
United Stated government or any agency or instrumentality thereof; (c)
Be able to obtain and submit proof of fidelity/surety bonding and/or
errors and omissions insurance with the Federal Government as a loss
payee if the lender has previously had questionable performance under
Federal guarantee programs or is not regulated by the Federal
Government or certified by the U.S. Department of the Treasury; (d)
[[Page 27770]]
Provide, if so requested, the qualifications of principal officers and
staff of the lender or servicer who will be or are responsible for the
administration of the loan(s) guaranteed under the Program showing that
principal officers have a minimum of 2 years of experience in
originating or servicing guaranteed loans; (e) Provide, if the lender
or servicer has one or more loans guaranteed under the Program, proof
of acceptable performance as a lender or servicer, which shall include
for each and every loan adherence to all the terms and conditions as
set forth in the agreement between HRSA and the lender or servicer; and
(f) Be able to demonstrate the capacity to hold and account for loan
documents, receive all payments of principal and interest, and
otherwise service and administer the loan in a manner consistent with
accepted standards of loan servicing employed by prudent lenders or
servicers generally. A lender or servicer's eligibility for
participation in additional loans guaranteed under the Program will be
newly assessed and reviewed at each application submission during the
application financial sustainability and viability technical review and
at least every 2 years in accordance with monitoring and evaluation
procedures.
Maria G. Button,
Director, Executive Secretariat.
[FR Doc. 2024-08219 Filed 4-17-24; 8:45 am]
BILLING CODE 4165-15-P
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</html>Indexed from Federal Register on April 18, 2024.
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