The USEPA provides funds to develop or refine programs that protect, manage and restore wetlands. The focus of this grant is to develop or refine state/local/tribal wetland programs.
<ouc:properties label="config"><parameter name="heading" group="Everyone" prompt="Page Heading" alt="The heading to appear at the top of the page.">Meramec Funding Sources</parameter><parameter section="Hero Header" name="hero-enable" type="select" prompt="Hero Header" alt="Turns on/off the hero header image/video region at the top of the page." group="Everyone"><option value="true" selected="true">On</option><option value="false" selected="false">Off</option></parameter><parameter name="hero-type" type="radio" group="Everyone" prompt="Hero Media Type" alt="The type of content to display with the hero header."><option value="img" selected="true">Image</option><option value="video" selected="false">Video</option></parameter><parameter name="hero-image" type="filechooser" group="Everyone" prompt="Hero Image" alt="The image to display if the Hero Media Type is set to 'Image'. If Hero Media Type is set to 'Video', this image will be the static image displayed before the video is started by the viewer.">/academics/fairmount_las/hugowall/efc/news/_images/section-108-loan-guarantee-program.png</parameter><parameter name="hero-video" type="filechooser" group="Everyone" prompt="Hero Video" alt="The url for the video to display if and only if the Hero Media Type is set to 'Video'."></parameter><parameter name="hero-caption" type="textarea" rows="5" group="Everyone" prompt="Hero Caption" alt="The caption text to display beneath the hero header."></parameter><parameter name="hero-credit" type="text" group="Everyone" prompt="Hero Image Credit" alt="The name to which the image should be credited. Only displayed when Hero Media Type is set to 'Image'."></parameter><parameter name="hero-alt" type="textarea" rows="5" group="Everyone" prompt="Hero Alt Text" alt="The alt text that describes the image.">Section 108 Loan Guarantee Program</parameter><parameter section="Additional Story Content" name="regions" type="checkbox" prompt="Content Areas" alt="Check the box to enable to corresponding content area." group="Everyone"><option value="summary" selected="true">Summary</option><option value="sidebar" selected="true">Sidebar</option><option value="related" selected="false">Related Stories</option></parameter><parameter section="Comments" name="disqus-enable" type="select" prompt="Enable Disqus Comments" alt="Turns on/off the disqus comments displayed at the bottom of the post. These comments should only be turned on when the blog post is ready to go live." group="Everyone"><option value="true" selected="false">On</option><option value="false" selected="true">Off</option></parameter></ouc:properties>
<post-info><ouc:div label="post-title" group="Everyone" button="hide"><ouc:multiedit type="text" prompt="Title" alt="Title of the post; will show up on the main content region as well as the listing page." section="General News Post Information"/>Section 108 Loan Guarantee Program</ouc:div><ouc:div label="post-author" group="Everyone" button="hide"><ouc:multiedit type="text" prompt="Author" alt="Author of the post; Will display below the title."/>HUD</ouc:div><ouc:div label="post-date" group="Everyone" button="hide"><ouc:multiedit type="datetime" prompt="Date" alt="The publish date of the post (the time is never displayed, but can be used to dictate the listing order of articles published on the same day)."/>08/01/2019 01:14:47 PM</ouc:div><ouc:div label="post-display" group="Everyone" button="hide"><ouc:multiedit type="radio" prompt="Display Post" alt="Determines whether to display this post on the Listing Page feeds." options="Display:true;Do Not Display:false;" section="Listing Page Post Information"/>true</ouc:div><ouc:div label="post-description" group="Everyone" button="hide"><ouc:multiedit type="textarea" prompt="Description" alt="Description of the post that will show up in the listing page." rows="8" editor="yes"/><p><em>The Section 108 Loan Guarantee Program provides communities with financing for economic development, housing rehabilitation, public facilities, and other physical development projects, including <strong>improvements to increase resilience against natural disaster</strong>s.</em></p></ouc:div><ouc:div label="post-img" group="Everyone" button="hide"><ouc:multiedit type="radio" prompt="Use Image" alt="Determines whether Listing Pages will use an image for this post." options="Image:img;None:none;"/>none</ouc:div><ouc:div label="post-image" group="Everyone" button="hide"><ouc:multiedit type="image" prompt="Image" alt="Image that will displayed next to the story on the news home page as well as news asset listings. Not used on general listing page." dependency="yes"/><img src="/academics/fairmount_las/hugowall/efc/news/_images/section-108-loan-guarantee-program.png" alt="Section 108 Loan Guarantee Program" /></ouc:div><ouc:div label="post-featured" group="Everyone" button="hide"><ouc:multiedit type="checkbox" prompt="Featured Post" alt="Select the box to designate this post as a featured post." options=":true;"/></ouc:div></post-info>
<ouc:div label="summary" group="Everyone" button-text="Story Summary"><ouc:editor csspath="/_resources/ou/editor/wysiwyg.css" cssmenu="/_resources/ou/editor/styles.txt"/><p><em>The Section 108 Loan Guarantee Program provides communities with financing for economic development, housing rehabilitation, public facilities, and other physical development projects, including <strong>improvements to increase resilience against natural disasters</strong>.</em></p></ouc:div>
<ouc:div label="maincontent" data-table-separator-options="" group="Everyone" button-text="Main Content"><ouc:editor csspath="/_resources/ou/editor/wysiwyg.css" cssmenu="/_resources/ou/editor/styles.txt"/><div id="lipsum"><h2 class="heading3">About</h2><p><strong>The Section 108 Loan Guarantee Program</strong> allows communities to transform a small portion of the Community Development Block Grant (CDBG) funds into federally guaranteed loans large enough to pursue physical and economic revitalization projects capable of revitalizing entire neighborhoods.</p><p>Public investment is often needed to inspire private economic activity in distressed areas. The benefit of the Section 108 program is that project costs can be spread over time with flexible repayment terms and lower interest rates than private funding sources.</p><p>CDBG and Section 108 Loans present wonderful opportunities to include green infrastructure and other healthy watershed projects into neighborhood enhancements and public property projects.</p><p>Section 108 projects must meet at least one of two goals in the 2010-2015 Strategic Plan:</p><ul><li>Goal 2B: Meet the need for quality affordable rental homes – expand the supply of affordable rental homes where they are most needed</li><li>Goal 4A: Build inclusive and sustainable communities free from discrimination: catalyze economic development and job creation, while enhancing and preserving community assets.</li></ul><p>Local governments borrowing Section 108 funds must pledge their current and future CDBG allocations as security for the loan. The goal is for the proposed project to have sufficient cash flow to repay the loan without any need for current or future CDBG dollars used for repayment.</p><hr /><h2 class="heading3"><span> Project Examples</span></h2><table class="ou-snippet-accordion"><caption><img class="snippet-preview" src="/_resources/images/snippet_previews/accordion.jpg" alt="preview of snippet" />Accordion</caption><thead><tr><th>Heading</th><th>Content</th></tr></thead><tbody><tr><td><p><strong>Project Examples Webpage</strong></p></td><td><p><span><a href="https://www.hudexchange.info/programs/section-108/">https://www.hudexchange.info/programs/section-108/</a></span></p><p>Click on the years on the right-side of the webpage to look at projects by year.</p></td></tr><tr><td><p><strong>Youngstown, OH</strong></p><p><strong>2017</strong></p></td><td><p>Youngstown is using their Section 108 Loan to redevelop a 20-acre riverfront site into a public park and amphitheater. The site includes a play area, walking trails, green infrastructure for stormwater retention, event space, water features and athletic areas.</p></td></tr></tbody></table><h2 class="heading3">More Info/Resources</h2><table class="ou-snippet-icon-with-link"><caption><img class="snippet-preview" src="/_resources/images/snippet_previews/rich-link-with-icon.jpg" alt="preview of snippet" />Snippet: Rich Link (Icon with Link)</caption><tbody><tr><td data-select-list="icons">design--home</td><td><a href="https://www.hudexchange.info/programs/section-108/" target="_blank">Section 108 Loan Webpage</a></td></tr></tbody></table><table class="ou-snippet-icon-with-link"><caption><img class="snippet-preview" src="/_resources/images/snippet_previews/rich-link-with-icon.jpg" alt="preview of snippet" />Snippet: Rich Link (Icon with Link)</caption><tbody><tr><td data-select-list="icons">design--info</td><td><a href="https://www.hudexchange.info/programs/section-108/section-108-program-eligibility-requirements/#apply-for-the-section-108-program" target="_blank">Section 108 Loan Factsheet</a></td></tr></tbody></table><table class="ou-snippet-icon-with-link"><caption><img class="snippet-preview" src="/_resources/images/snippet_previews/rich-link-with-icon.jpg" alt="preview of snippet" />Snippet: Rich Link (Icon with Link)</caption><tbody><tr><td data-select-list="icons">design--info</td><td><a href="https://www.ecfr.gov/cgi-bin/text-idx?%20c=ecfr&rgn=div8&node=24:3.1.1.3.4.13.1.5" target="_blank">Section 108 Application Requirements </a></td></tr></tbody></table></div><table class="ou-snippet-sidebar-callout"><caption><img class="snippet-preview" src="/_resources/images/snippet_previews/sidebar-callout.jpg" alt="preview of snippet" />Snippet: Sidebar Call-Out with no Image</caption><thead></thead><tbody><tr><th>Header</th><td>Contact Info</td></tr><tr><th>Content</th><td><p>Eastern Missouri<br /> St. Louis Field Office<br /> 314-418-5405</p><p>Kathy Smith, CPD Director - <span><a href="mailto:Kathryn.A.Smith@hud.gov">Kathryn.A.Smith@hud.gov</a></span></p><p>Alexander Furla, HOME program, CDBG - <span><a href="mailto:Alexander.C.Furla@hud.gov">Alexander.C.Furla@hud.gov</a></span> </p><span><br /></span></td></tr><tr><th>Button Link</th><td> </td></tr></tbody></table>
Consult your community’s attorney and financial advisors prior to moving forward with any of these funding options. Any reference in this website to any person, or organization, or activities, products, or services related to such person or organization, or any linkages from this website to the website of another party, do not constitute or imply the endorsement, recommendation, or favoring of companies or organizations.
<h2 class="heading3"><span style="font-family: 'Titillium Web', sans-serif; font-size: 36px; font-weight: bold;"><br /> </span></h2><p><span style="font-family: 'Titillium Web', sans-serif; font-size: 30px; font-weight: bold;"> </span></p><p><span style="font-family: 'Titillium Web', sans-serif; font-size: 30px; font-weight: bold;"> </span></p><p><span style="font-family: 'Titillium Web', sans-serif; font-size: 30px; font-weight: bold;"> </span></p></ouc:div>
<ouc:div label="sidebar" group="Everyone" button-text="Sidebar Content"><ouc:editor csspath="/_resources/ou/editor/wysiwyg.css" cssmenu="/_resources/ou/editor/styles.txt"/><table class="ou-snippet-sidebar-callout"><caption><img class="snippet-preview" src="/_resources/images/snippet_previews/sidebar-callout.jpg" alt="preview of snippet" />Snippet: Sidebar Call-Out with no Image</caption><thead></thead><tbody><tr><th>Header</th><td>Quick Facts</td></tr><tr><th>Content</th><td><p><strong>HUD Mission<br /></strong>Create strong, sustainable, inclusive communities and quality affordable homes for all </p><p><strong>Eligibility<br /></strong>Local governments, State governments, Nonprofits, Tribes</p><p>Project must serve “eligible area” – Click <span><a href="https://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do?pageAction=WEP">HERE </a></span>to check address eligibility</p><p><strong>What do they fund?<br /></strong>All activities under CDBG: Acquisition of real property, Relocation, Site improvements, Public facility construction or reconstruction, Debt service reserves, and more.</p><p><strong>What will not be funded?<br /></strong>Buildings used for conduct of government, Projects that don’t meet national objectives, Small business development, Where public benefit is not sufficient</p><p><strong>Length of Funding<br /></strong>Variable</p><p><strong>Amount of Loan<br /></strong>Typically $500,000 - $140M</p><p><strong>Interest Rate</strong> <br /> Variable </p><p><strong>Timing</strong> <br /> Applications accepted year round</p></td></tr><tr><th>Button Link</th><td> </td></tr></tbody></table><table class="ou-snippet-generic-button-collection"><caption><img class="snippet-preview" src="/_resources/images/snippet_previews/button-collection.jpg" alt="preview of snippet" />Button Collection</caption><tbody><tr><td data-select-list="buttons">landing-panel__buttons</td><td><a class="button" href="/academics/fairmount_las/hugowall/efc/news/index.php" target="_blank">Return to Search</a></td></tr></tbody></table></ouc:div><ouc:div label="related-asset" group="Everyone" button="hide"><ouc:editor csspath="/_resources/ou/editor/wysiwyg.css" cssmenu="/_resources/ou/editor/styles.txt" />
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