Section 108 Loan Guarantee - Public Offering in September 2006

Information by State  Print version

NEWS FLASH! -- Fixed Interest Rate financing is available for Section 108 Borrower communities in this year’s Public Offering in September.

This Public Offering will enable current Section 108 Borrowers to convert or refinance their current variable interest rate financing to fixed interest rate financing assistance for community development projects. Also, Section 108 Borrowers that have not yet advanced funding under their Section 108 Loan Guarantee commitments may receive fixed rate interest financing directly through this Public Offering.

If any eligible community wants more information about the September Section 108 Loan Guarantee Program’s 2006 Public Offering and fixed interest rate financing, please contact the Financial Management Division in HUD’s Office of Community Planning and Development at 202-708-1871.

Note: Section 108 is the loan guarantee provision of the Community Development Block Grant (CDBG) program.