Section 108 Loan Guarantee program

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The Section 108 Loan Guarantee program is a U.S. federal financing tool that allows local governments to leverage future Community Development Block Grant funds to support large-scale community and economic development projects, such as housing, infrastructure, and job creation.

All labels observed (1)

Label Occurrences
Section 108 Loan Guarantee program canonical 1

How this entity was disambiguated

Statements (49)

Predicate Object
instanceOf United States federal financing tool
federal loan guarantee program
administeredBy Office of Community Planning and Development
surface form: HUD Office of Community Planning and Development

United States Department of Housing and Urban Development
surface form: U.S. Department of Housing and Urban Development
applicantType units of general local government
authorizedBy Housing and Community Development Act of 1974
surface form: Section 108 of the Housing and Community Development Act of 1974
authorizedUnder Housing and Community Development Act of 1974
surface form: Title I of the Housing and Community Development Act of 1974
backedBy full faith and credit of the United States
beneficiary insular areas
local governments
public entities designated by units of general local government
states
country United States of America
surface form: United States
eligibleBorrower CDBG entitlement communities
states on behalf of non-entitlement communities
financingType loan guarantee
fundingSourceLeveraged Community Development Block Grant funds
interestRateType fixed interest rate
variable interest rate
legalForm federal credit assistance program
loanTerm up to 20 years
nationalObjective aid in the prevention or elimination of slums or blight
benefit low- and moderate-income persons
meet a community development need having a particular urgency
obligationType federal loan guarantee commitment
purpose support economic development projects
support housing projects
support job creation and retention
support large-scale community development projects
support public infrastructure projects
regulator United States Department of Housing and Urban Development
surface form: U.S. Department of Housing and Urban Development
relatedProgram Community Development Block Grant program
riskMitigation pledge of current and future CDBG funds
security additional collateral as required by HUD
future Community Development Block Grant allocations
statutoryRequirement activities must meet a CDBG national objective
targetSector affordable housing
community development
economic development
public infrastructure
useOfFunds acquisition of real property
clearance and site improvements
construction of public facilities
economic development activities eligible under CDBG
financing fees and issuance costs
housing rehabilitation eligible under CDBG
payment of interest on the guaranteed loan
rehabilitation of publicly owned real property
related relocation activities

How these facts were elicited

Referenced by (1)

Full triples — surface form annotated when it differs from this entity's canonical label.

Office of Community Planning and Development programAdministered Section 108 Loan Guarantee program