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The CDBG program was enacted in 1974 by President Gerald Ford through the Housing and Community Development Act of 1974 and took effect in January 1975. Most directly, the law was a response to the Nixon administration's 1973 funding moratorium on many Department of Housing and Urban Development (HUD) programs.
The state is doling out 31 grants across 13 communities to fund projects. Here's who is getting a piece. Rhode Island awards $5.9 million in community development grants.
Community Housing Development Organizations (CHDOs) – In this type of activity, governments provide funds to non-profit organizations that provide housing to impoverished or low-income families, including building housing projects similar to public housing projects, housing for the homeless, and developing affordable housing communities ...
Funding for ARCH is allocated by individual member jurisdictions. Resources may come from Community Development Block Grant (CDBG) dollars, developer fees, or basic General Funds. [46] A Regional Housing Trust Fund also exists for Ohio's Columbus and Franklin Counties and for Sacramento County and City in California. Ohio's Regional Trust also ...
Community Development Block Grants. HUD’s Community Development Block Grant (CDBG) program provides yearly funding not to borrowers or lenders, but to cities, counties and states. The grants ...
A block grant in the United States is a grant-in-aid of a specified amount from the federal government of the United States to individual states and local governments to help support various broad purpose programs, such as law enforcement, social services, public health, and community development.
Rhode Island's first-ever community investment fund is designed for situations like these. There's nothing else like it in the country, according to Jessica David, one of the founders.
This subcommittee has jurisdiction funding for the Department of Housing and Urban Development and the Department of Transportation. It also oversees funding for the Federal Housing Administration and economic and community development programs, such as Community Development Block Grants.