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Find similar grantsSection 108 Loan Guarantee Program is sponsored by HUD Office of Community Planning and Development. Offers loan guarantees to public entities for economic development projects, including affordable housing for seniors.
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Section 108 Loan Guarantee Program (Section 108) | HUD. gov / U.S. Department of Housing and Urban Development (HUD) Section 108 Loan Guarantee Program (Section 108) Section 108 Loan Guarantee Program (Section 108) HUD is offering new flexibilities for up to $250 million for our $400 million loan guarantee authority for affordable housing projects. Learn more about the Section 108: Housing Opportunities Focus here .
The **Section 108 Loan Guarantee Program** (Section 108) provides Community Development Block Grant (CDBG) recipients with the ability to leverage their annual grant allocation to access low-cost, flexible financing for economic development, housing, public facility, and infrastructure projects.
Communities can use Section 108 guaranteed loans to either finance specific projects or to launch loan funds to finance multiple projects over several years. Section 108's unique flexibility and range of applications makes it one of the most potent and important public investment tools that HUD offers to state and local governments.
It is often used to catalyze private economic activity in underserved areas in cities and counties across the nation or to fill a financing gap in an important community project.
The program's flexible repayment terms also make it ideal for layering with other sources of community and economic development financing including, but not limited to, New Markets Tax Credits (NMTC), Low Income Housing Tax Credits (LIHTC), and Opportunity Zone equity investments.
Current Availability of Section 108 Financing Housing Opportunities Focus Overview of the HUD Section 108 Loan Guarantee Process and Typical Associated Timelines Section 108 Program Resources eCon Planning Suite (Consolidated Plan) Integrated Disbursement and Information System (IDIS) Content current as of June 10, 2025.
According to the current listing, eligibility includes: Nonprofit organizations, local governments. Confirm the full requirements in the official notice before applying.
The current listing shows up to $250 million. Verify award ceilings, matching requirements, and allowable costs in the official notice.
Section 108 Loan Guarantee Program is funded by HUD Office of Community Planning and Development. Verify program details on the funder's official page before applying.
Yes — this listing is flagged as national in scope, so applicants across the U.S. may apply, subject to the sponsor's other eligibility criteria.
Applications go through the funder's official portal — the Apply Now link on this page goes there directly.
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