; and (B) homeowners with incomes of not more than 120 percent of the area median income; and (2) supporting investment in economic development and community service facilities related to housing described in paragraph (1). (c) Eligible uses An eligible grantee may use amounts awarded from the Housing Supply Fund under this section for activities that shall— (1) be reasonably expected to result in eligible affordable housing activities that support or sustain affordable housing funded by a grant under this section and capital from other public and private sources; (2) be used for the purposes described in subsection (b), including for— (A) providing loan loss reserves; (B) capitalizing a revolving loan fund; (C) capitalizing an affordable housing fund for development, preservation, rehabilitation, or financing of, or purchase of property for, affordable housing and related economic development activities, including community service facilities; (D) capitalizing an affordable housing mortgage fund to facilitate the origination of mortgages to buyers that may experience significant barriers to accessing affordable mortgage credit, including mortgages having low original principal obligations; (E) providing risk-sharing loans; (F) providing loan guarantees; and (3) through funds used for eligible uses described in paragraph (2), facilitate eligible activities that fulfill the purposes described in subsection (b), including— (A) activities for the acquisition and conversion of existing commercial properties to affordable housing and related economic development and community service facilities; (B) activities to acquire residential, industrial, or commercial property and land for the purpose of the preservation, development, or rehabilitation of affordable housing, including activities to support the creation, preservation, or rehabilitation of resident-owned manufactured housing communities