Loan Guarantees

570000000 for Local Communities to Fix Up Your House

Called Community Development Block Grants, Section 108 Loan Guarantees and referred to as Program #14.248 in the Catalog of Federal Domestic Assistance, this program provides communities with a source of financing for economic development, housing rehabilitation, public facilities, and large scale physical development projects. 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. Eligible Applicants include: metropolitan cities and urban counties, i.e., the principal beneficiaries are low and moderate income persons. To find organizations in your area who have this funding, contact your local office of the U.S. Department of Housing and Urban Development