FAF funds may be used for the following: Activities identified in 24 CFR §811.110, as amended; Interest rate subsidies; Direct rental subsidies; Grants or loans for housing very low-income households, including housing in mixed income or mixed use projects; Interest subsidies, grants, or loans to enable very low-income households to acquire ownership of single family housing units; and Funds to assist in the acquisition, construction, and rehabilitation of housing for homeless persons, very low-income households, or persons at risk of becoming homeless, and other special needs populations consisting of very low-income households.