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The Community Development Block Grant (CDBG), one of the longest-running programs of the U.S. Department of Housing and Urban Development, funds local community development activities with the stated goal of providing affordable housing, anti-poverty programs, and infrastructure development. CDBG, like other block grant programs, differs from ...
If for example a state plans to use $1 million of HOME funds during the year, HUD provides $750,000 (75%) and the State must provide $250,000 (25%) for the program to achieve the $1 million goal. This compliance requirement is known as "matching." States can achieve this by either donating non-federal cash (e.g., cash from operations—not from ...
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 ...
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.
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.
Non-profit housing developers build affordable housing for individuals under-served by the private market. The non-profit housing sector is composed of community development corporations (CDC) and national and regional non-profit housing organizations whose mission is to provide for the needy, the elderly, working households, and others that the private housing market does not adequately serve.
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.
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