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- funds and $315 ' million in HUD Section 108 loan guarantees to successfully create the largest non-commercial lending institution in the nation, the Los Angeles Community Development Bank. The bank has partnered with several private lenders, which have
- Angeles Empowerment Zone. By utilizing the EDI grant funds and Section 108 loan guarantees, the 1City of Los Angeles will create one of the most innovative, public-private, independent economic development tools in the country. This bank will promote
- districts as long as they meet the bonding criteria established by the Act. School districts would be required to work alongside the proper local bonding authority. This loan guarantee program, similar to Section 108 Loan Guarantee Program at HUD, would
