City of Austin 108 Loan Program

Eligible Uses of Funds

Ineligible Uses of Funds

Funds cannot be used to reimburse costs incurred prior to the City of Austin completing a HUD Environmental Review, except for planning costs of the project.

Interest Rate and Terms

Maximum Gross Debenture (SBA Portion)

The maximum loan amount for any given project is 40% of the total project cost OR up to $1,000,000, whichever is lower.