The Section 108 Loan Guarantee Program (Section 108) provides Community Development Block Grant (CDBG) recipients with the ability to leverage their annual grant allocation to access low-cost, flexible financing for economic development, housing, public facility, and infrastructure projects.
About the Program
Section 108 Loan Guarantee Program Application Tool
The Section 108 Loan Guarantee Program Application Tool lists the general elements that states and local governments seeking to apply for Section 108 loan guarantee assistance should include in an application to HUD.
The Program Design and Application Process webinar describes how Section 108 can serve as an important financing tool in targeting reinvestment for economic development, public facilities and improvements, and housing rehabilitation.
Section 108 Underwriting Guidelines
The Underwriting Guidelines for Business Loans for Section 108 Loan Guarantee Recipients assists Section 108 Recipients in underwriting loans that support business enterprises.
The Section 108 Underwriting Guidelines for Income-Producing Projects assists Section 108 recipients in underwriting third party loans that finance the development of income producing properties.
Is HUD's Section 108 Loan Guarantee Program Right for My Needs?
View these new resources intended to provide communities with tools for developers and business owners to conduct high-level assessments to determine whether Section 108 financing could be an appropriate resource for their needs.