14.248: Community Development Block Grants Section 108 Loan Guarantees
Alternate Name: Section 108
Overview
Program Number
14.248
Status
Active
Last Modified
Aug. 11, 2022
Date Posted
Aug. 11, 2022
Objective
To provide communities with a source of financing for economic development, housing rehabilitation, public facilities, and large scale physical development projects.
Type of Assistance
F - Guaranteed/Insured Loans
Applicant Eligibility
Eligible Applicants include: metropolitan cities and urban counties, i.e., CDBG entitlement recipients; nonentitlement communities that are assisted in their submission of applications by States that administer the CDBG program; nonentitlement communities eligible to receive CDBG funds under the HUD-Administered Small Cities CDBG program; and Insular Areas (American Samoa, Guam, Northern Mariana Islands, and the Virgin Islands). The public entity may be the borrower or it may designate a public agency to be the borrower. Furthermore, HUD's FY 2018 and FY 2019 appropriations acts continue HUD's authority to provide loan guarantees to States borrowing on behalf of local governments in nonentitlement areas.
Beneficiary Eligibility
The principal beneficiaries are low and moderate income persons.
Related Programs
Additional Information
Federal Award Analysis
Community Development Block Grants Section 108 Loan Guarantees grant spending
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Contracts
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Grants
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Subgrants
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Grant Awards
Community Development Block Grants Section 108 Loan Guarantees direct grants
Grant Opportunities