Novogradac Section 108 Loan Guarantee Program Webinar (June 2021)

Tuesday, June 15, 2021 - 11:00am to 12:30pm
June 15, 2021 - 11:00am to 12:30pm

This webinar airs from 2:00 p.m. to 3:30 p.m. ET (11:00 a.m. to 12:30 p.m. PT)

The Section 108 Loan Guarantee Program is one of HUD’s key sources of community and economic development financing, often catalyzing private economic activity in underserved areas or filling critical gaps in community development projects. Since 1974, as the loan component of the Community Development Block Grant (CDBG) Program, Section 108 has been a useful source of low-cost financing for local governments and states to address multiple challenges faced by communities with partner entities due to Section 108’s flexibility in uses, layering ability, structure, and terms.

HUD’s Section 108 team will provide an overview of the program, major financial and programmatic requirements, the process of combining with LIHTCs and NMTCs as examples, and important legal considerations.

Instructors

Rich Larsen, CPA
Partner
Novogradac

Paul Webster
Director of the Financial Management Division
HUD - Office of Community Planning and Development (CPD)

Seema Thomas
Deputy Director of the Financial Management Division
HUD - Office of Community Planning and Development (CPD)

Jorge Morales
Community Planning and Development Specialist and Loan Origination Officer
HUD Section 108 Loan Guarantee Assistance Program

Makani Drummond
Attorney-Advisor
HUD Community Development Division

Ian Goldfarb
Attorney-Advisor
HUD Community Development Division

Topics Covered

  • Section 108 program overview
  • Major financial and programmatic requirements
  • Brief overview of how to combine 108 with LIHTCs and NMTCs
  • Section 108 loan amortization period
  • Collateralization requirement clarifications
  • Non-entitlement communities
  • Repayment terms
  • Gap financing loans
  • Advantages of using 108 funds for construction gap financing and the CDBG cross-cutting requirements
  • Using Section 108 used for LIHTC acquisition

Target Audience

Industry practitioners including developers, lenders, investors, consultants and LIHTC/NMTC (or other federal tax credit program) subject matter experts.

Terms and Conditions
Receiving Login Info and Handouts
CPE Information

Registration Rates*

Standard: $110
Nonprofit: $100
Multiple Registrants: $100/person ($90/person for nonprofits)

For questions or registration assistance, please contact us at 415-356-7960 or email [email protected].

*The standard and nonprofit registration fee for live online webinars and for webinar recordings covers a SINGLE VIEWER ONLY. If multiple persons within an organization wish to view the webinar and/or its recording (regardless of whether they view it on a single computer or multiple computers), the organization must purchase a registration for each person.