Community Development Block Grant (CDBG)
This program provides financial assistance to local governments for projects that improve public facilities, rehabilitate housing, and stimulate economic development, specifically targeting support for very low and low-income individuals.
Description
The Community Development Block Grant (CDBG) Program offers financial support through grants and loans to qualified local government units for public facilities, housing rehabilitation, and economic development projects. The program's focal point is to aid very low and low-income individuals. In housing, it supports the rehabilitation of homeowner and rental units for the targeted income groups. For public facilities, it funds water and sewer projects, architectural barrier removal, fire halls, and ambulances, among others. Economic development efforts focus on providing funds to cities and counties to assist businesses in creating jobs for low-income persons. Projects must align with the program's national objectives, which include benefiting low and moderate-income persons, aiding in the prevention or elimination of slums or blight, and addressing urgent community development needs.