View Rule
View EO 12866 Meetings | Printer-Friendly Version Download RIN Data in XML |
HUD/CPD | RIN: 2506-AC35 | Publication ID: Spring 2015 |
Title: Section 108 Loan Guarantee Program: Payment of Fees to Cover Credit Subsidy Costs (FR-5767) | |
Abstract:
HUD's Section 108 Program is the loan guarantee provision of the Community Development Block Grant (CDBG) program and authorized by Section 108 of the Housing and Community Development Act of 1974 (42 U.S.C. 5308). The Section 108 Program provides local governments with access to long-term (up to 20 year) fixed-rate loans at relatively low interest rates to finance certain categories of eligible CDBG projects. Consistent with the President's budget request for Fiscal Year 2014, this rule would amend the regulations for the Section 108 Program to permit HUD to collect fees from Section 108 borrowers to cover the credit subsidy costs of operating the program. This rule would also establish the procedure by which HUD will determine the amount of the fee. |
|
Agency: Department of Housing and Urban Development(HUD) | Priority: Other Significant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Final Rule Stage |
Major: No | Unfunded Mandates: No |
CFR Citation: 24 CFR 570 | |
Legal Authority: 42 U.S.C. 5308 |
Legal Deadline:
None |
||||||||||||
Timetable:
|
Regulatory Flexibility Analysis Required: No | Government Levels Affected: Local, State |
Small Entities Affected: No | Federalism: No |
Included in the Regulatory Plan: No | |
RIN Data Printed in the FR: No | |
Agency Contact: Paul D. Webster Director, Financial Management Division, Office of CPD Department of Housing and Urban Development Office of Community Planning and Development 451 7th Street SW., Washington, DC 20410 Phone:202 708-1871 Fax:202 708-1798 |