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  • 2000. •. The Economic Development Initiative and Section 108 Loan Guarantee Program. This program supports critical economic development in distressed communities in conjunction with the Section 108 loan guarantee program to help bring economic
  • to expand economic development to communities across the country that need it most. These efforts include the Community Reinvestment Act, Community Development Financial Institutions, Micro-Enterprise Programs, the Economic Development Initiative and Section
  • acts of lawlea~~ ness are not ignore~;i Link environmental mitigation to: * training of central city residents for environmental careers * redevelopment funds for economic development * homeownership funds for large tracts BUD's EDI - Section 108 Loan
  • , 2000. Job Creation through Economic Development Initiative and Section 108 Loan Guarantee. EDI grants are being used as an infusion of capital into community development activities, enhancing the debtfinancingprovided by the Section 108 Loan Guarantee
  • to compete for loans· from.an EPA·revolving loan pool and for flexible EDI grants and Section· 108 loan guarantees from HUD to make cleanup and redevelopment f~cially feasible. A total of $100 million in EDI grants and.$400.million in Section ~08 loan
  • 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
  • on Section 108 loan guarantees from $2.05 billion to $1 billion and eliminating the $350 million Economic Development Initiative ' completely. These were the kind of funds used to make possible the los Angeles CD bank. A wide va11iety of local job generation
  • smaller finns, particularly those in economically distressed communities. The MIddlebury Grocery Shopping Center is under development in the central city area through a loan under the Economic Development Initiative. The center will ultimately employ 30
Cisneros (Item)
  • , such as the economic development uses of Community Development Block Grants and the Economic Development Initiative programs. • By directing national experience and resources to capacity building and training, the federal government can help community leaders
  • with sports, tourism and local business in part because many mayofS are using flexible federal funds like HUD' s Community Development Block Grants and Section 108 Loan Guarantees. Unemployment, from 1993 to 1996, dropped more in central cities than
  • 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
  • to link every child in every classroom to the Information Superhighway implementing the HUD Economic Development Initiative to spur private investment· '-'\ /,\J. . ""\ expanding the earned income tax credit for 15 million working families and \ 0
  • projects -nearly tripling the FY98 $138 million appropriation. EDI funds allow communities to make greater use of HUD' s Section 108 loan guarantee program. The Administration plans to use EDI and Section 108 guarantees together to stimulate creation
  • allocate $400 million for the Economic Development Initiative (EDI), to leverage private sector funding for job-creating projects -nearly tripling the FY98 $138 million appropriation. EDI funds allow communities to make greater use ofHUD's Section 108 loan
Brownfields (Item)
  • . development initiatives.. I • HUp will provide S2S niItion in ~ Development Initiative (EDI) grants (supporting an a6:!itional $100 nilIiion in section 108 loan guarantees). target existing grant fim:ls such as COlllluullity Development Block Grants (CDBG
  • 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
  • available to businesses located in less affluent areas, to enable these firms to create jobs and generate wealth. The House VA-HUD bill provides only $50 million of the $400 million the President requested for the Economic Development Initiative/Community
  • connect HUD with citizens at the local level. On Thursday, lune IS, HUD announced the winners of the $50 million Economic Development Initiative (ED!) grants and $200 million Section 108 Loan Guarantees that will attract $500 miilion in private investment
  • Department of Community Development City Commerce Office Land Development Community Economic Development Initiatives NEIGHBORHOODS ANI!) HOUSING Rebuilding Buffalo's Neighborhoods New home construction Rehabilitation of owner occupied homes Rehabilitiation
  • SafeFutures, Teen Pregnancy Prevention, One Step Career Center, Urban Children Initiative, Ounce, of Prevention , , , Award of $1 million in Economic Development Initiative grant funds and $10 million of Section 108 'loan funds to eligible areas in Denver
  • of HUD's Section 108 loan guarantee program. Under Section 108, HUD guarantees notes held by communities. In return for the HUD guarantees, communities are required to pledge their future CDBG funds as collateral for the Section 108 loans, making some
Poverty [1] (Item)
  • , this Administration, under the leadership ofSecretary AndreW Cuomo, , established the Economic Development Initiative (ED!). which combines grants and low­ Interest loans to leverage private investment for economic development. Over'the past 5 years, $3.5 biUion
New Markets (Item)
  • jobs supported by ED! and the Section 108 loan guarantee have grown by 300,000 from 1994 to 1998. During this time period EDI and the Section 108 toan guarantee programs have funded $3.5 billion for marc than 650 separate project comll~itll1cnts. i
  • to expand economic development to communities across the country that need it most. These efforts include the Community Reinvestment Act, Community Development Financial Institutions, Micro-Enterprise Programs, the Economic Development Initiative and Section
  • ecO.nO.miccO.nditiO.ns in cities. • The Economic Development Initiative and Section 108 Loan Guarantee Program. This program SUPPO.rts critical ecO.nO.mic develO.pment in distressed cO.mmunities in cO.njunctiO.n with the SectiO.n 108 IO.an guarantee prO.gram to' help
  • effective. 4 The House Appropriations 'bill drastically curtails these programs, reducing the limitation on Section 108 loan guarantees from $2.05 billion to $1 billion and eliminating the $350 million Economic Development Initiative, completely
  • housing ceiling rents Merge severely dtstressed public housing programs Miscellaneous public housing a~endments Subtitle B: CommunitYIPlanning and Development Section 108 Loan ~Guarantee Amendments creative us~ of UDAG recaptures permit pooling of notes
  • JANUARY 20 AND MARCH 19,1993. DepanunentofEducation (obligations) 26.2 Funds for bilingual education and minority languages, schhol improvement programs, special education, postsecondary education, and education and research improvement. Section 108
  • groups and cities, • Increase employment in communities through a reinvigorated economic development strategy, including rnodifications In tllo ,­ 6 $2 billion Section 108 Loan Guarantee program, Subsidies of up to.$150 million would
  • . Center for Economic Growth, One KeyCorp Plaza, Suite 600, Albany, New York 12207 (518) 465-8975 2 • $3.0 mil1ion dollars in Section 108 Loan Guarantees issued by the United States Department of Housing and Urban Development to finance eligible
  • -to·work jobs initiative. Job Creation through Economic Development Initia.tive and Section 108 Loan Guarantee. EDI grants are being used as an infusion of capital into community development activities, enhancing the debt financing provided by the 108 Loan
Russia [3] (Item)