Current through September 30, 2024
Section 1805.302 - Restrictions on use of assistance(a) A Recipient shall use assistance provided by the CDFI Fund and its corresponding matching funds only for the eligible activities approved by the CDFI Fund and described in the Assistance Agreement.(b) A Recipient may not distribute assistance to an Affiliate without the CDFI Fund's consent.(c) Assistance provided upon approval of an application involving a Community Partnership shall only be distributed to the Recipient and shall not be used to fund any activities carried out by a Community Partner or an Affiliate of a Community Partner.