The Recipient must use its CMF Award to finance and support Affordable Housing Activities and/or Economic Development Activities through the following Eligible Uses:

1. (a) To capitalize Loan Loss Reserves;
2. (b) To capitalize a Revolving Loan Fund;
3. (c) To capitalize an Affordable Housing Fund;
4. (d) To capitalize an Economic Development Activity Fund;
5. (e) To make Risk-Sharing Loans; and
6. (f) To provide Loan Guarantees.