12 CFR § 1807.301 - Eligible Uses.

---
identifier: "/us/cfr/t12/s1807.301"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "12 CFR § 1807.301 - Eligible Uses."
title_number: 12
title_name: "Banks and Banking"
section_number: "1807.301"
section_name: "Eligible Uses."
chapter_name: "COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS FUND, DEPARTMENT OF THE TREASURY"
part_number: "1807"
part_name: "CAPITAL MAGNET FUND"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "12 U.S.C. 4569."
regulatory_source: "89 FR 53015, June 25, 2024, unless otherwise noted."
cfr_part: "1807"
---


# 1807.301 Eligible Uses.

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.