GroundRules
12 CFR 1807.301: Eligible Uses.
Where this section sits in the code
- Title 12—Banks and Banking
- CHAPTER XVIII—COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS FUND, DEPARTMENT OF THE TREASURY
- PART 1807—CAPITAL MAGNET FUND
- Subpart C—Eligible Purposes; Eligible Uses; Restrictions
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.
Collected 2026-08-27T02:24:16Z. Source file · JSON