12 CFR 1807.100

§ 1807.100 Purpose.

United States · 12 CFR — Banks and Banking · Status: effective

Cite this

Citation: 12 CFR 1807.100, § 1807.100 Purpose, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/51319
Permanent ID: ys:prov:51319@1
SHA-256: dca8f070576f641a4fc7788ff4074a52bfa0a6ba84bd219fc0a6e601eb275525

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Full text

The purpose of the Capital Magnet Fund (CMF) is to attract private capital for and increase investment in Affordable Housing Activities and related Economic Development Activities in every State of the United States, the District of Columbia, or territories of the United States.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.