2004 Section 108 Project Summaries
In Fiscal Year 2004, HUD approved sixty five Section 108 loan guarantee commitments in the aggregate amount of $287,082,000. The Section 108 loan guarantee program provides local governments with a highly attractive option for financing a wide range of community and economic development activities. In some cases, the financial demands of these activities exceed available local resources, including funds available through the CDBG program. In other cases, the activities are well suited to the affordable, structured financing available through the Section 108 program. For further program details, visit the Section 108 fact sheet or the Section 108 program home page on www.hud.gov.
Nineteen of these projects were further assisted by HUD through the competitive award of Economic Development Initiative (EDI) and Brownfields EDI (BEDI) funds. Individual project descriptions provide further detail with regard to EDI and BEDI grant amounts.
|May 19, 2011|