1、 https:/crsreports.congress.gov Updated April 27, 2022HUD Section 108 Loan Guarantee Program: An OverviewThe Section 108 Loan Guarantee program (Section 108) is one of several Department of Housing and Urban Development (HUD) programs designed to support local community and economic development acti
2、vities. It is a source of flexible financing for which grantees of the Community Development Block Grant (CDBG) can carry out large-scale projects, by pledging current and future CDBG for a guaranteed loan. HUD considers Section 108 loan guarantee applications on a noncompetitive, rolling basis. Pri
3、vate lenders finance Section 108 loans with a “full faith and credit” guarantee by the federal government. The Section 108 program shares similar programmatic structure and flexibility with the CDBG program. These factors may position Section 108 as a useful tool for community and economic developme
4、nt as local governments face an uncertain financial future and shifting community development priorities. For instance, Section 108 funds can be used for activities related to long-term disaster recovery or for resilience against future disasters. This In Focus describes availability of and access t
升级VIP 