Funding Agency

HUD - Community Planning and Development - Section 108 Loan Guarantee


Funding Agency

Department of Housing & Urban Development


Federal Agency

Community Planning and Development

Agency Overview

The CPD Office oversees HUD Community Development Block Grants (CDBG) to cities, counties, and states; the HOME affordable housing program; and programs to help end homelessness and promote economic revitalization.

Program Name

HUD - Community Planning and Development - Section 108 Loan Guarantee


Program Overview

Section 108 offers state and local governments the ability to transform a small portion of their CDBG funds into federally guaranteed loans large enough to pursue physical and economic revitalization projects.

Agency Contact

Dina Lehman-Kim, (202) 402-2430, Dina.Lehmann-Kim@hud.gov

Program Purpose
  • Broadband Infrastructure (e.g., construction)
  • Broadband Adoption
  • Digital Skills Training
  • Public Computer Access
  • Broadband Financing
Eligible Recipients
  • State and Local Governments
  • Non-Profit Organizations
  • Rural Recipients

Agency Contact

Dina Lehman-Kim, (202) 402-2430, Dina.Lehmann-Kim@hud.gov

FY2019 Funding Amount

$300,000,000

FY2020 Funding Amount

$300,000,000

Brief Program Description

Section 108 offers state and local governments the ability to transform a small portion of their CDBG funds into federally guaranteed loans large enough to pursue physical and economic revitalization projects.

Agency
  • Department of Housing and Urban Development

Funding Name HUD - Community Planning and Development - Section 108 Loan Guarantee

Funding Image