PDF Document: 2021-14193
Below are the proposed guarantee rates and fees for FY 2022.
Here is the same chart from FY2021.
As you can see, the Community Facility Guaranty Fee seems to have dropped by 25BP to 1.25% from 1.50%.
This was likely done to try to stimulate lending in that program as it has expended only $69,000,000, at the time of this writing, of the the $500,000,000 budget where as the B&I program has exceeded their budgeted amount more than a few times in this FY.
By not changing the Guarantee Rates or Fees for the B&I program, I am hopeful we will see expanding funding in FY2022 to more than $1.8 Billion to ease the competition for funds and expand the reach of the program to more lending institutions and rural borrowers.
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