---
kind: "section"
citation: "7 C.F.R. § 3560.570"
title: "7"
number: "3560.570"
heading: "Construction financing."
url: "https://uscodex.org/cfr/7/3560.570"
---

# §3560.570. Construction financing.


The requirements established in [§ 3560.71](/cfr/7/3560.71.md) apply to all applications involving off-farm labor housing loans and grants. In addition, the following requirements apply.

- (a) Equity contributions being made by a borrower or grantee must be contributed and disbursed prior to any disbursement of interim loan funds and any loan or grant funds from the Agency.
- (b) If the Agency is providing both loan and grant funds, loan funds must be fully released and expended prior to the release of grant funds by the Agency.
- (c) If construction is financed with a Labor Housing grant, it is subject to the provisions of the Davis-Bacon Act (published in the Department of Labor regulations 29 CFR parts [1](/cfr/29/part1.md), [2](/cfr/29/part2.md), and 5).

## Notes

### Authority

Authority: 42 U.S.C. 1480.

### Source

Source: 69 FR 69106, Nov. 26, 2004, unless otherwise noted.