12 CFR 1807.301
§ 1807.301 Eligible Uses.
United States · 12 CFR — Banks and Banking · Status: effective
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- Citation
- 12 CFR 1807.301, § 1807.301 Eligible Uses, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/51332
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Full text
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.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.