Section 108: Housing Opportunities Focus
CDBG funding transforms communities, but we know it isn’t enough to address all of your community’s housing needs. Multiply your CDBG grant power by accessing a Section 108 Loan Guarantee to develop a housing fund or invest in a transformational project. Borrow up to 5 times your CDBG allocation in flexible, low-cost, low-interest financing.
Make Your Mark on Housing:
HUD is offering new flexibilities for up to $250 million of our $400 million loan guarantee authority for affordable housing projects. You can use this capital for:
- Infrastructure to support housing production such as utility installation or upgrades
- Adaptive reuse, including converting unused office space and other commercial space into housing
- Preservation, rehabilitation, and repairs of existing units
- Manufactured housing, including facilities to build new homes
- Eligible housing uses within mixed-use or transit-oriented development
- Loan pool to support local housing development
- Other eligible housing activities
With this Housing Opportunities Focus, you can easily apply for Section 108 for your project. From ideation to implementation, HUD is offering additional flexibilities and assistance to communities who express interest in maximizing their CDBG grant to advance local housing goals. Flexibilities and resources include:
- Waivers to streamline and ease program requirements
- Access to flexible capital/financing
- Certain repayment flexibilities (reach out to our team to learn more!)
- Unlimited targeted 1-on-1 support and guidance
- New resources and step-by-step guides for faster approval
HUD is here to partner with you. For more information, contact Section108@hud.gov. A one-pager on the Section 108: Housing Opportunities Focus is available here.
Key Dates:
May 1, 2025: Deadline to Post proposed Application for Public Feedback
- Applications are processed on a rolling basis as they are received (first come, first served).
- Applicants are encouraged to submit their proposed applications for feedback ahead of formal submission.
July 1, 2025: Deadline to Submit Final Application to HUD
Register For Upcoming Office Hours
- Apr. 24, 2025 – 2 to 3 PM EST
Click here to register
Previously Recorded Webinar And Materials:
August 29, 2024: Overview Webinar
October 9, 2024: Section 108: Beyond the Basics Webinar
November 1, 2024: Deadline to Express Interest in Joining the Section 108: Housing Opportunities Focus
- Interested in attending? Registration link coming soon.
November 20, 2024: Application Workshop webinar
Support Media:
- Upcoming TA engagement announcement: Click Here
- Short Video explaining the Section 108 program: A HUD Section 108 Story
- Sample letter for expressing interest in the Challenge: Sample Letter
- Slideshow presentation from Webinar held August 29, 2024: Section 108 Challenge Slides
- Frequently Asked Questions related to Section 108 and Section 108: Housing Opportunities Focus: Housing Opportunities Focus FAQs
- Please check your Section 108 current borrowing authority: Click Here
Content current as of March 11, 2025.