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.