RLF Securitization Project at EDA

[KRobinson2 at doc.gov]

Dear Community Bankers:

Please note that the Economic Development Administration (U.S. Dept. of
Commerce) has just announced a significant pilot program to promote the
trading of economic development loans in secondary markets. To use the
language of the RFP, "EDA invites proposals to design, undertake, and
evaluate transactions demonstrating securitization of economic development
loans in a variety of EDA-funded Revolving Loan Fund (RLF) portfolios. EDA
anticipates making three to five awards for a total of $1 million." Please
note that while any proposal must include loans from an EDA-funded RLF,
loans from other types of RLFs may be included as well. For more
information on this new program, please see EDA's Web page at:

http://www.doc.gov/eda/html/securitization.htm

or contact David F. Witschi at (202)482-2659.


Kelly Robinson
Research and National Technical Assistance
U.S. Economic Development Administration
Room 7019
U.S. Dept. of Commerce
Washington, DC 20230
(202) 482-4085
email: krobinson2@doc.gov



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