To date, the City has had much success with the Section 108 Loan Guarantee program. The City continues to embark upon the Section 108 Loan Guarantee Program. The City applied for two 108 Loans during this period and received approval on both of them. As a result, hundreds of jobs will be created for low to moderate income individuals. Key players include those staff persons of the City's Urban Development and Community Development Offices.
Amounts vary depending on loan requests.