Dear Lender Letter 2021-05– Section 184 Program Activity
The unprecedent level of program demand means that, prior to the end of FY 2021 (September 30, 2021), the Section 184 program may reach the $1 billion maximum loan limitation level that Congress set in the Consolidated Appropriations Act, 2021. To ensure that the program does not exceed the maximum $1 billion loan limitation level, we are tracking the issuance of case numbers and firm commitments on a daily basis. As the program reaches its loan limitation level, we will need to begin a phased in suspension of program activity as specified and required by our internal financial monitoring plan. Select the above link to view the entire letter.