Eligible activities.

CFR · 2024-01-01 · US · Title 12

The Recipient must use its CMF Award to finance and support Affordable Housing Activities and/or Economic Development Activities through the following eligible activities: (a) To capitalize Loan Loss Reserves; (b) To capitalize a Revolving Loan Fund; (c) To capitalize an Affordable Housing Fund; (d) To capitalize a fund to support Economic Development Activities; (e) To make Risk-Sharing Loans; and (f) To provide Loan Guarantees.

official document · source cfr-2024 · id 12:§ 1807.301