---
kind: "section"
citation: "12 C.F.R. § 1807.301"
title: "12"
number: "1807.301"
heading: "Eligible Uses."
url: "https://uscodex.org/cfr/12/1807.301"
---

# §1807.301. Eligible Uses.


The Recipient must use its CMF Award to finance and support Affordable Housing Activities and/or Economic Development Activities through the following Eligible Uses:

- (a) To capitalize Loan Loss Reserves;
- (b) To capitalize a Revolving Loan Fund;
- (c) To capitalize an Affordable Housing Fund;
- (d) To capitalize an Economic Development Activity Fund;
- (e) To make Risk-Sharing Loans; and
- (f) **To provide Loan Guarantees.**

## Notes

### Authority

Authority: 12 U.S.C. 4569.

### Source

Source: 89 FR 53015, June 25, 2024, unless otherwise noted.