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The non-profit helps drive economic development and strengthen communities by financing hundreds of homebuyers each year, as well as funding nonprofits, child care centers, community health facilities, public charter schools, and residential and commercial real estate projects.
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The Bureau notes that it has received recommendations from the Small Dollar Roundtable, comprised of a number of lenders making loans the Bureau proposes to cover in this rulemaking and a number of consumer advocates, recommending that the Bureau require income verification as provided for above.
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