Eligible Recipients

(1) Any Government Agency, LHA, CDC, or, for Eligible Projects funded pursuant to HSF II, HSF III, HSF IV or M.G.L. c. 121F, Limited Equity Cooperative Housing Corporation, or, for Eligible Projects funded pursuant to HSF III, HSF IV, or M.G.L. c. 121F, CHDO, shall be eligible to receive a HSF loan or grant to carry out an Eligible Project and may be a Developer or may subcontract with one or more for-profit or non-profit organizations for such organizations to be the Developer. (2) CEDAC or MHP shall be eligible to receive a HSF grant for a Project described in 760 CMR 24.04(2) and may make a loan for such a Project or subcontract with other nonprofit or for-profit organizations to make such a loan.