24 CFR § 573.1 - Authority and purpose.

---
identifier: "/us/cfr/t24/s573.1"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "24 CFR § 573.1 - Authority and purpose."
title_number: 24
title_name: "Housing and Urban Development"
section_number: "573.1"
section_name: "Authority and purpose."
chapter_name: "OFFICE OF ASSISTANT SECRETARY FOR COMMUNITY PLANNING AND DEVELOPMENT, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT"
subchapter_number: "C"
subchapter_name: "COMMUNITY FACILITIES"
part_number: "573"
part_name: "LOAN GUARANTEE RECOVERY FUND"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
authority: "Pub. L. 104-155, 110 Stat. 1392, 18 U.S.C. 241 note; 42 U.S.C. 3535(d)."
regulatory_source: "61 FR 47405, Sept. 6, 1996, unless otherwise noted."
cfr_part: "573"
---


# 573.1 Authority and purpose.

Section 4 of the Church Arson Prevention Act of 1996 (Pub. L. 104-155, approved July 3, 1996) authorizes HUD to guarantee loans made by financial institutions to certain nonprofit organizations to finance activities designed to remedy the damage and destruction to real and personal property caused by acts of arson or terrorism. This part establishes the general procedures and requirements that apply to HUD's guarantee of these loans.