Section 108 Loan Guarantee Program

The Section 108 Loan Guarantee Program is a federally backed initiative in the United States that helps local governments access low-interest loans for community development projects. It allows municipalities to borrow money through the sale of bonds, with the federal government guaranteeing repayment. This program aims to fund projects like affordable housing, infrastructure improvements, and economic development efforts, ultimately boosting local economies and enhancing community quality of life. By leveraging federal guarantees, cities can invest in vital projects that might otherwise be hard to finance.