GroundRules
24 CFR 570.709: Allocation of loan guarantee assistance.
Where this section sits in the code
- Title 24—Housing and Urban Development
- Subtitle B—Regulations Relating to Housing and Urban Development
- CHAPTER V—OFFICE OF ASSISTANT SECRETARY FOR COMMUNITY PLANNING AND DEVELOPMENT, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
- SUBCHAPTER C—COMMUNITY FACILITIES
- PART 570—COMMUNITY DEVELOPMENT BLOCK GRANTS
- Subpart M—Loan Guarantees
Of the amount approved in any appropriation act for guarantees under this subpart in any fiscal year, 70 percent shall be allocated for entitlement public entities and 30 percent shall be allocated for States and nonentitlement public entities. HUD need not comply with these percentage requirements in any fiscal year to the extent that there is an absence of applications approvable under this subpart from entitlement public entities or from States and nonentitlement public entities.
Collected 2026-08-27T02:24:55Z. Source file · JSON