# 12 CFR § 1807.300: Eligible purposes

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/ecfr-12-1807.300

## Section

- **Citation:** 12 CFR § 1807.300
- **Heading:** Eligible purposes
- **Jurisdiction:** Federal
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** September 22, 2026
- **Source:** Publisher's official text
- **Location:** 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

## Text

Each Recipient must use its CMF Award for the Eligible Uses described in § 1807.301 so long as such Eligible Uses increase private capital for and increase investment in:
(a) Development, Preservation, Rehabilitation, and/or Purchase of Affordable Housing for primarily Extremely Low-Income, Very Low-Income, and Low-Income Families; and
(b) Economic Development Activities, as further described in § 1807.403, which stabilize, sustain, or revitalize communities and neighborhoods and must be: located in a Low-Income Area or Underserved Rural Area; undertaken in conjunction with any affordable housing that is authorized as such under applicable local, State or Federal housing program laws, and reasonably available to, physically proximate to, and beneficial to residents of affordable housing.

## Nearby sections

- [12 CFR § 1807.100 § 1807.100 Purpose.](https://www.frixlaw.com/law-library/statutes/ecfr-12-1807.100.md)
- [12 CFR § 1807.101 § 1807.101 Summary.](https://www.frixlaw.com/law-library/statutes/ecfr-12-1807.101.md)
- [12 CFR § 1807.102 § 1807.102 Relationship to other CDFI Fund programs.](https://www.frixlaw.com/law-library/statutes/ecfr-12-1807.102.md)
- [12 CFR § 1807.103 § 1807.103 Recipient not instrumentality.](https://www.frixlaw.com/law-library/statutes/ecfr-12-1807.103.md)
- [12 CFR § 1807.104 § 1807.104 Definitions.](https://www.frixlaw.com/law-library/statutes/ecfr-12-1807.104.md)
- [12 CFR § 1807.105 § 1807.105 Waiver authority.](https://www.frixlaw.com/law-library/statutes/ecfr-12-1807.105.md)
- [12 CFR § 1807.106 § 1807.106 Presumptive Compliance with Other Federal Programs.](https://www.frixlaw.com/law-library/statutes/ecfr-12-1807.106.md)
- [12 CFR § 1807.107 § 1807.107 Applicability of regulations for CMF Awards.](https://www.frixlaw.com/law-library/statutes/ecfr-12-1807.107.md)
- [12 CFR § 1807.200 § 1807.200 Applicant eligibility.](https://www.frixlaw.com/law-library/statutes/ecfr-12-1807.200.md)
- [12 CFR § 1807.300 § 1807.300 Eligible purposes.](https://www.frixlaw.com/law-library/statutes/ecfr-12-1807.300.md)
- [12 CFR § 1807.301 § 1807.301 Eligible Uses.](https://www.frixlaw.com/law-library/statutes/ecfr-12-1807.301.md)
- [12 CFR § 1807.302 § 1807.302 Restrictions on use of a CMF Award.](https://www.frixlaw.com/law-library/statutes/ecfr-12-1807.302.md)
- [12 CFR § 1807.303 § 1807.303 Authorized uses of Program Income.](https://www.frixlaw.com/law-library/statutes/ecfr-12-1807.303.md)
- [12 CFR § 1807.400 § 1807.400 Affordable Housing—General.](https://www.frixlaw.com/law-library/statutes/ecfr-12-1807.400.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/ecfr-12-1807.300. Check the current official text before relying on it. Not legal advice.