Section 108 Loan Guarantee program

E121766

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 HUD Office of Community Planning and Development ⓘ
U.S. Department of Housing and Urban Development ⓘ
applicantType units of general local government ⓘ
authorizedBy Section 108 of the Housing and Community Development Act of 1974 ⓘ
authorizedUnder 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 ⓘ
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 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 ⓘ