Section 108 Loan Guarantee Program – Affordable Housing & Economic Development Opportunities

The City of Raleigh is seeking information from developers, nonprofit organizations, businesses, public-private partnerships, and other interested entities regarding projects that may align with the goals of the Section 108 Loan Guarantee Program and the City’s broader housing and community development priorities. The program aims to support catalytic projects that advance affordable housing production, neighborhood revitalization, economic development, and broader community development priorities. The City has approximately $14.2 million in financing authority through the U.S. Department of Housing and Urban Development (HUD) Section 108 Loan Guarantee Program. • Eligible project types include affordable housing development, mixed-use redevelopment, economic development, infrastructure improvements, and neighborhood revitalization activities. • The City seeks information on potential project opportunities, financing needs, market interest, and development barriers. • Respondents should provide information on their organization, proposed project, anticipated financing needs, and potential public benefit or community impact. • The City may use the information gathered to support Section 108 project pipeline development, evaluate potential project opportunities, and inform ongoing underwriting and program operationalization considerations.