Description
Communities are afforded a source of low-cost, long-term financing for economic and community development projects including housing, public facilities, infrastructure, and other physical development projects. This funding is issued in two different ways: directly by the community/its government/its non-profit partner or indirectly with the community/partner re-lending the funds to a developer or business. Loans usually range from a few hundred thousand to several million dollars.
How To Apply
- Entities are encouraged to contact HUD in advance for application guidance.
- Complete pre-submission and citizen participation requirements.
- Submit applications to Financial Management Division – section108@hud.gov
