CFR > Title 12 - Banks and Banking > CHAPTER XVIII—COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS FUND, DEPARTMENT OF THE TREASURY > PART 1807—CAPITAL MAGNET FUND > SUBPART C—Use of Funds/Eligible Activities (§1807.300 to §1807.302) > 1807.301—Eligible activities.

1807.301—Eligible activities.

Grants awarded under this part shall be used by an Awardee to support Affordable Housing Activities, Economic Development Activities or Community Service Facilities, including the following eligible uses:
(a) To provide Loan Loss Reserves;
(b) To capitalize a Revolving Loan Fund;
(c) To capitalize an Affordable Housing Fund;
(d) To capitalize a fund to support Economic Development Activities or Community Service Facilities;
(e) For Risk-Sharing Loans;
(f) For Loan Guarantees; and
(g) For the Awardee's Operations.