WebSep 1, 2024 · As authorized by Section 108 of the Housing and Community Development Act of 1974, as amended (42 U.S.C. 5308), borrowers may make payments on Section 108 loans using CDBG grant funds. Borrowers may also make Section 108 loan payments from other anticipated sources but continue to have CDBG funds available should they … WebSection 108 Loan Guarantee Program - is the loan guarantee provision of the CDBG Program. It provides communities a source of financing for economic development, housing rehabilitation, public facilities, and large-scale physical development projects. State CDBG Program - allows states to award grants to smaller units of general local ...
Can Section 108 Be Used to Assist a LIHTC Development?
WebThe CDBG Section 108 Loan Guarantee Program is an economic and community development financing tool authorized under Section 108 of Title I of the Housing and … WebJan 18, 2024 · The Section 108 Loan Guarantee Program (Section 108) provides Community Development Block Grant (CDBG) recipients with the ability to leverage their … location ski areches beaufort
Historic Preservation in Housing and Community Development
WebSection 108 Loan Guarantee Program : 8-12 . 8.1 Eligible and Ineligible Activities Creating economic opportunities and jobs areamong the key CDBG activities funded by many … WebMar 23, 2024 · The Section 108 Loan Guarantee Program (Section 108) provides CDBG recipients with the ability to leverage their annual grant allocation to access low-cost, … WebApr 27, 2024 · The guidance states that Section 108 borrowers may use CDBG funds (or program income) to pay debt service that would otherwise have been paid from business loan repayments. The use of CDBG grant funds for Section 108 debt service can, at the discretion of the grantee, operate as either forbearance or forgiveness of a portion of the … location ski intersport la roche sur foron