7 CFR 3560.570
§ 3560.570 Construction financing.
United States · 7 CFR — Agriculture · Status: effective
Cite this
- Citation
- 7 CFR 3560.570, § 3560.570 Construction financing, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/30553
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Full text
The requirements established in § 3560.71 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, 2, and 5).
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.