Regulation & law · 03/11/2015

HUD to Collect Fees from Section 108 Borrowers to Offset Credit Subsidy Costs

The Department of Housing and Urban Development (HUD) is amending its Section 108 Loan Guarantee Program regulations to permit the collection of fees from borrowers to offset the credit subsidy costs of Section 108 loan guarantees, allowing HUD to begin making commitments without appropriated budget authority.