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(1) The board may make an RLA loan for the following purposes:

(a) matching funds for public or private funds available from other sources for the development of housing for low-income or moderate income households;

(b) bridge financing necessary to make development of housing for low-income or moderate income households feasible;

(c) acquisition of existing housing stock for the purpose of preservation of or conversion to housing for low-income or moderate income households; and

(d) preconstruction technical assistance as described in 90-6-134(4) , MCA, for housing for low-income and moderate income households in rural areas and small cities and towns.

(2)�An RLA loan may not be made that will supplant existing or available funding for eligible activities.�