Skip to main content

Official websites use .gov
A .gov website belongs to an official government organization in the United States.

Secure .gov websites use HTTPS
A lock ( ) or https:// means you’ve safely connected to the .gov website. Share sensitive information only on official, secure websites.

Community Development Block Grants Section 108 Loan Guarantees

Program Information

Popular name

(Section 108)

Program Number

14.248

Program objective

To provide communities with a source of financing for economic development, housing rehabilitation, public facilities, and large scale physical development projects.

Program expenditures, by FY (2023 - 2025)

This chart shows obligations for the program by fiscal year. All data for this chart was provided by the administering agency and sourced from SAM.gov, USASpending.gov, and Treasury.gov.

For more information on each of these data sources, please see the About the data page.

Additional program information

  1. 2016

    5,000 1,299

  2. 2017

    5000

  3. 2018

    Thirteen applications were approved in FY 2018, totaling $58.6 million. Ninety-seven percent (97%) of the amount awarded was budgeted for activities that benefit low- and moderate-income persons.

Single Audit Applies (2 CFR Part 200 Subpart F):

For additional information on single audit requirements for this program, review the current Compliance Supplement.

OMB is working with the U.S. Government Accountability Office (GAO) and agency offices of inspectors general to include links to relevant oversight reports. This section will be updated once this information is made available.

24 CFR 570 Subpart M.

  1. 24, 570, Subpart M, Housing and Community Development Act of 1974, as amended.