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Notice CPD-01-10: Clarifying Guidance on Certain Aspects of the Section 108 Loan Guarantee Program

Date Published: June 2001

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Description

This notice provides clarifying programmatic guidance on certain aspects of the Section 108 loan guarantee program. The information provided pertains to the need to (a) explain to citizens how assistance to for-profit businesses will meet the regulatory requirement that such assistance is appropriate, (b) describe the conditions needed for an activity to qualify as meeting the slums or blight component of the national objectives on a spot basis, (c) provide sufficient information to citizens so they can make informed decisions about the proposed activity, and (d) educate the public and media about the Section 108 activity so that unwarranted criticism does not occur.

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Tags: Section 108 Loan Guarantee Program
Author Organization
  • HUD
Resource Approver
  • HUD Approved