§1807.301. Eligible Uses.
12 C.F.R. § 1807.301
The Recipient must use its CMF Award to finance and support Affordable Housing Activities and/or Economic Development Activities through the following Eligible Uses:
To capitalize Loan Loss Reserves;
To capitalize a Revolving Loan Fund;
To capitalize an Affordable Housing Fund;
To capitalize an Economic Development Activity Fund;
To make Risk-Sharing Loans; and
To provide Loan Guarantees.
Notes, amendments, and revision history
Authority
Authority: 12 U.S.C. 4569.
Source
Source: 89 FR 53015, June 25, 2024, unless otherwise noted.