2506-AC35 201410 The Regulatory Plan and the Unified Agenda of Federal Regulatory and Deregulatory Actions 2506 Office of Community Planning and Development CPD 2500 Department of Housing and Urban Development HUD Section 108 Loan Guarantee Program: Payment of Fees to Cover Credit Subsidy Costs (FR-5767)

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 proposed 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 also proposes to establish the procedure by which HUD will determine the amount of the fee.

]]> Other Significant Previously Published in The Unified Agenda Proposed Rule Stage No No 24 CFR 570 42 USC 5308 No NPRM 12/00/2014 No No Local State No No No Paul Webster D. Director, Financial Management Division, Office of CPD 2506 Office of Community Planning and Development CPD 202 708-1871 202 708-1798 451 7th Street SW., Washington DC 20410