This is part 1 of 2 for the Targeted Community Reinvestment: HUD’s Section 108 Loan Guarantee Program as a Financing Tool - 2016 Update Webinar. This webinar, held on February 10, 2016, describes how the Section 108 Loan Guarantee Program (Section 108) can serve as an important financing tool in targeting reinvestment for economic development, public facilities and improvements, and housing rehabilitation. The loan guarantees can help recipients leverage limited public resources to catalyze investment in communities, especially those facing, among other challenges, persistent poverty and the need to increase community resilience following the impact of natural disasters.
Along with this information, the webinar explains recent rule changes that permit HUD to charge borrowers a one-time fee upon loan approval. The webinar also provides an overview of how Section 108 recipients should be using HUD’s Integrated Disbursement and Information System (IDIS) to track and disburse funds.
To access related training materials & learn about getting credit via HUD Exchange Learn, visit HUD Exchange Training & Events - https://www.HUDExchange.info/training-events/.