Community Development Block Grants Section 108 Loan Guarantees

Objective

To provide communities with a source of financing for economic development, housing rehabilitation, public facilities, and large scale physical development projects.

Who Can Apply

• Municipality or Township government (inclusive of cities, towns, boroughs (except in Alaska), and villages)
• County Government (inclusive of boroughs in Alaska, parishes and other governmental entities with geographic regional control and authority)
• Local
• State
• Tribal

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.

Who Benefits

• Municipality or Township government (inclusive of cities, towns, boroughs (except in Alaska), and villages)
• County Government (inclusive of boroughs in Alaska, parishes and other governmental entities with geographic regional control and authority)
• Other Local Government Consortium, Regional Organization (Intrastate), or Other Local Government Combination
• Local
• State
• Territorial

The principal beneficiaries are low and moderate income persons.

Assistance Types

• Loan Guarantee

Program Contact

seema.m.thomas@hud.gov
(202) 402-6266