Section 108 Loan Guarantee Program Changed to Permit HUD to Collect Fees to Cover Credit Subsidy Costs
Through the Section 108 Loan Guarantee Program, local governments can turn a limited amount of Community Development Block Grant funding into federally guaranteed loans for use in economic revitalization. Under the Housing and Urban Development Department's final rule, fees will be collected from borrowers to offset credit subsidy costs. [11/3/15]