The Department of Housing and Urban Development's mission is to increase homeownership, support community development and increase access to affordable housing free from discrimination. HUD fulfills this mission through high ethical standards, management and accountability, and by forming partnerships with community organizations.
|Recipient||Amount||Start Date||End Date|
|District Of Columbia, Government Of||$ 15,476,282||   ||2020-11-16||2027-09-01|
|Sheboygan, City Of (inc)||$ 917,735||   ||2020-07-01||2027-09-01|
|Atlantic City (inc), City Of||$ 1,337,302||   ||2020-06-18||2027-09-01|
|Cleveland, City Of||$ 21,716,850||   ||2020-06-18||2027-09-01|
|Housing Development Corporation Of Rock Hill||$ 95,148||   ||2020-08-01||2023-07-31|
|Hbp Rain Foundation||$ 425,000||   ||2020-02-01||2023-01-31|
|All Chicago Making Homelessness History||$ 1,250,000||   ||2021-12-01||2022-11-30|
|South Alamo Regional Alliance For The Homeless||$ 370,878||   ||2021-11-01||2022-10-31|
|Mid Florida Homeless Coalition, Inc.||$ 40,450||   ||2021-11-01||2022-10-31|
|St Clair, County Of||$ 106,909||   ||2021-11-01||2022-10-31|
Fiscal Year 2016: 1,299. Fiscal Year 2017: 5,000. Fiscal Year 2018: No Current Data Available
Uses and Use Restrictions
For purposes of determining eligibility, the Community Development Block Grant (CDBG) rules and requirements apply.
As with the CDBG program, all projects and activities must either principally benefit low- and moderate-income persons, aid in the elimination or prevention of slums and blight, or meet urgent needs of the community.
The guaranteed loan funds are subject to restrictions that are imposed under annual appropriations bills.
The assistance is also subject to restrictions that preclude the direct or indirect guarantee of tax-exempt financing.
Section 108 recipients may use the guaranteed loan funds to make loans to third parties (e.g., businesses when appropriate to carry out an economic development project).
Such loans generally must match the terms of the Section 108 loan to the recipient.
Eligible Applicants include: metropolitan cities and urban counties, i.e., CDBG entitlement recipients; nonentitlement communities that are assisted in their submission of applications by States that administer the CDBG program; nonentitlement communities eligible to receive CDBG funds under the HUD-Administered Small Cities CDBG program; and Insular Areas (American Samoa, Guam, Northern Mariana Islands, and the Virgin Islands).
The public entity may be the borrower or it may designate a public agency to be the borrower.
Furthermore, HUD's FY 2017 appropriations act continues HUD's authority to provide loan guarantees to States borrowing on behalf of local governments in nonentitlement areas.
The principal beneficiaries are low and moderate income persons.
Costs will be determined in accordance with 2 CFR 200, Subpart E.. 2 CFR 200, Subpart E - Cost Principles applies to this program.
Aplication and Award Process
Preapplication Coordination: Preapplication requirements are found in 24 CFR Section 570.704.
Presubmission requirements are similar to those applicable for the Community Development Block Grants program.
Proposed activities must be consistent with a unit of local government's Consolidated Plan submitted for HUD's Community Planning and Development Programs.
This program is eligible for coverage under E.O.
12372, 'Intergovernmental Review of Federal Programs.' An applicant should consult the office or official designated as the single point of contact in his or her State for more information on the process the State requires to be followed in applying for assistance, if the State has selected the program for review.
An environmental impact assessment is required for this program.
This program is excluded from coverage under E.O.
2 CFR 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards applies to this program. Application requirements are found in 24 CFR Section 570.704.
Upon approval of an application, HUD will issue to the applicant an offer of commitment to guarantee notes or other obligations issued by the applicant or its public agency designee. The commitment will be subject to compliance with applicable requirements and such conditions as HUD may specify in the commitment document. Furthermore, borrowers are required to pledge current and future CDBG funds as security for the loan guarantee. HUD also requires that the loan guarantee be secured with other collateral. Beginning in FY 2016, borrowers are required to pay a fee based on a percentage of the loan amount (2.59% in FY 2017). The fee is applied only at the time of loan disbursement and may be financed as part of the guaranteed loan.
Housing and Community Development Act of 1974, as amended, Title 24, Part 570, Section Subpart M.
Range of Approval/Disapproval Time
From 30 to 60 days. Approximately 45 days from submission of complete application to appropriate HUD Field Office.
Formula and Matching Requirements
This program has no statutory formula. This program has no matching requirements. MOE requirements are not applicable to this program.
Length and Time Phasing of Assistance
The maximum repayment period for a Section 108 loan is twenty years. Repayment schedules and terms are negotiable. Restriction on time permitted to spend guaranteed loan funds is specified in contract executed by HUD and the borrower. See the following for information on how assistance is awarded/released: Loans funds are advanced under promissory notes or other obligations guaranteed by HUD.
Post Assistance Requirements
Consolidated Annual Performance Evaluation Report (CAPER).
The CAPER reports the recipient's program expenditures and accomplishments for each program year.
Recipients are required to submit reports on cash balances, receipts, and disbursements of guaranteed loan funds and pledged amounts.
Recipients must update amounts used and accomplishments in HUD's Integrated Information and Disbursement System (IDIS).
Expenditures are reported in the CAPER and are updated in IDIS as funds are used for activities.
Monitoring is conducted through on-site visits by HUD staff.
Recipients are selected for monitoring through a risk-based analysis.
Each recipient's annual CAPER is reviewed by HUD staff.
In accordance with the provisions of 2 CFR 200, Subpart F - Audit Requirements, non-Federal entities that expend financial assistance of $750,000 or more in Federal awards will have a single or a program-specific audit conducted for that year. Non-Federal entities that expend less than $750,000 a year in Federal awards are exempt from Federal audit requirements for that year, except as noted in 2 CFR 200.503. HUD does not mandate audit procedures, other than those specified in 2 CFR 200, Subpart F.
The record keeping requirements of Subpart J of 24 CFR Part 570 apply to entitlement public entities receiving grants under Subpart D of 24 CFR Part 570. The record keeping requirements of Subpart J of 24 CFR Part 570 apply to nonentitlement public entities receiving grants under Subpart F of 24 CFR Part 570. The record keeping requirements of Subpart I of 24 CFR Part 570 apply to State-assisted public entities.
(Guaranteed/Insured Loans) FY 16 $85,003,000; FY 17 est $250,000,000; and FY 18 est $0 - No funding was requested in the FY 2018 budget request submitted to the Congress. An appropriations bill for FY 2018 has not yet been enacted.
Range and Average of Financial Assistance
In FY 2016 commitments were issued in amounts ranging from $694,000 to $20,000,000. The average commitment amount was $7,727,545.
Regulations, Guidelines, and Literature
24 CFR 570 Subpart M.
Regional or Local Office
See Regional Agency Offices. Contact appropriate HUD Field Office listed in Appendix IV of the Catalog.
Paul D. Webster 451 7th Street, SW Room 7180, Washington, District of Columbia 20410 Email: firstname.lastname@example.org Phone: (202) 402-4563 Fax: (202) 708-1798.
Criteria for Selecting Proposals
Applications are reviewed against criteria set forth at 24 CFR 570.704.
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