Section 108 Guides, Tools, and Webinars

Guides, tools, webinars, and other resources are provided to assist grantees and program partners in designing and implementing their Section 108 Programs. Grantees and their partners may also find the following guides, tools, and webinars useful: 

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Tools and Guides

Leveraging Section 108 with LIHTCs

This set of resources provides guidance on how Low-Income Housing Tax Credits (LIHTCs) can be used in conjunction with Section 108 Loan Guarantee Program resources.

Date Published: September 2021

Leveraging Section 108 with NMTCs

This set of resources provides guidance on how New Markets Tax Credits (NMTCs) can be used in conjunction with Section 108 Loan Guarantee Program resources.

Date Published: September 2021

Underwriting Guidelines for Business Loans for Section 108 Loan Guarantee Recipients

The Underwriting Guidelines for Business Loans for Section 108 Loan Guarantee Recipients assists Section 108 Recipients in underwriting loans that support business enterprises.

Date Published: March 2021

Section 108 Mixed-Use Real Estate Financing Tool: Is HUD's Section 108 Loan Guarantee Program Right for My Needs?

This document is intended to provide communities with a tool for developers to conduct a high-level assessment to determine whether Section 108 guaranteed financing could be an appropriate resource for their needs. This tool also aims to help developers identify the additional information they would need in order to be able to apply for a loan through an existing local Section 108 loan program or approach the appropriate local or state officials regarding assistance if no local Section 108 loan program currently exists.

It is not intended to serve as formal, comprehensive guidance.

Date Published: July 2020

Section 108 Business Assessment Tool: Is HUD's Section 108 Loan Guarantee Program Right for My Needs?

This document is intended to provide communities with a tool for business owners to conduct a high-level assessment to determine whether Section 108 financing could be an appropriate resource for their needs. This tool also aims to help business owners identify the additional information they would need in order to be able to apply for a loan through a local Section 108 loan program or approach the appropriate local or state officials regarding assistance if no local Section 108 business loan program currently exists.

It is not intended to serve as formal, comprehensive guidance.

Date Published: July 2020

CDBG Economic Development Toolkit 

This Toolkit provides guidance on the effective use of CDBG funds for financing eligible economic development projects, including microenterprise and small business development, large-scale commercial and industrial development, and job creation, job retention, and job training activities. The Toolkit discusses the basics of financial underwriting and application of HUD’s public benefit standards as well as a variety of economic development financing methods.

Date Published: April 2020

Section 108 Loan Guarantee Program Application Tool

This 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.

Date Published: February 2020

Section 108 Underwriting Guidelines for Income-Producing Projects

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.

Date Published: March 2017

Section 108 Loan Guarantee Program Reporting of Accomplishments in IDIS

This chapter explains how to set up, fund, draw funds, and report accomplishments for Section 108 Loan Guarantee program activities.

Date Published: January 2016

Webinars

View Section 108 Webinars which provide useful guidance and information on the Section 108 Program.

Section 108 Loan Guarantee Program Webinar Series

This webinar series covers how to leverage the Section 108 Loan Guarantee Program with Low-Income Housing Tax Credits (LIHTCs), New Markets Tax Credits (NMTCs), Historic Tax Credits (HTCs), and Opportunity Zone (OZ) financing.

Virtual Trainings

CDBG Training Modules

This training includes video training modules on eight components of the CDBG program: Statute, Regulations, and National Objectives; State CDBG Program; Administration, Planning, and Financial Management; Housing and Real Property; Public Facilities, Public Services, and Other Activities;
Economic Development; Section 108 Loan Guarantee Program; and IDIS, Performance Measurement, and Reporting.

Date Published: January 2008

Explore CDBG

The Explore CDBG collection of products helps grantees: create transformative impact in your community, improve the lives of residents, especially those with low and moderate income levels; develop strategies that bring partners and resources together; and implement your program effectively. 

Frequently Asked Questions

Section 108 Financing Fee FAQs

This document contains frequently asked questions about the Section 108 Loan Guarantee Program financing fee.

Date Published: August 2016

HUD Announcements, Notices, and Circulars

Section 108 Government Guaranteed Participation Certificates - Series 2019 - A Offering Circular

In March 2019 HUD conducted a public offering of Section 108 guaranteed participation certificates in the amount of $327,338,000. The offering circular contains information on rates and other loan terms.

Date Published: March 2019

Section 108 Loan Guarantee Program: Announcement of Fee to Cover Credit Subsidy Costs - FY 2019

This Federal Register Notice announces the fee that HUD will collect from borrowers of loans guaranteed under HUD's Section 108 Loan Guarantee Program (Section 108 Program) to offset the credit subsidy costs of the guaranteed loans pursuant to commitments awarded in Fiscal Year 2019.

Date Published: October 2018

Notice CPD-17-04: Reporting Requirements in IDIS for Section 108 Loan Guarantee Recipients

Notice CPD-17-04 covers the reporting requirements in the Integrated Disbursement and Information Online System (IDIS) for Section 108 Loan Guarantee recipients.

Date Published: May 2017

Other Guidance and Resources

HUD Community Planning and Development Monitoring Handbook - 6509.2 REV-7

This Handbook establishes standards and provides guidance for CPD Field Staff to monitor CPD programs and technical functions.

Date Published: October 2019

Financing High-Performance Infrastructure

This fact sheet provides information on how states and local governments can use "green bonds" to fund resilience projects and high-performance infrastructure.

Date Published: July 2016

Public-Sector Loans to Private-Sector Businesses: An Assessment of HUD-Supported Local Economic Development Lending Activities

This report assesses the performance of the third party loans under principal programs that the Office of Community Planning and Development (CPD) of the Department of Housing and Urban Development (HUD) directs toward economic development: the Community Development Block Grant (CDBG) Program; the Section 108 Program; and the Economic Development Initiative (EDI).

Date Published: July 2003