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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.
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.
Examples of this type of grant includes the Community Development Block Grant and the Alcohol, Drug Abuse, and Mental Health Services Block Grant. Recipients of block grants have more leeway in using funds than recipients of individual categorical grants. [citation needed] Earmark grants are explicitly specified in appropriations of the U.S ...
Image source: Getty Images. Here's a look at how various states tax retirement income. The nine states that don't tax income. When it comes to the taxation of income, you're in luck if you live in ...
Entitlement programs such as Social Security and Medicare make up the bulk of mandatory spending. Together they account for nearly 50 percent of the federal budget. [ 3 ] Other mandatory spending programs include Income Security Programs such as the Earned Income Tax Credit , Supplemental Nutrition Assistance Program , Supplemental Security ...
When you deposit cash into your retirement account, it enters a new realm of rules and regulations. While your IRA contributions are still your money, they’re subject to withdrawal penalties ...
Generally, for a traditional IRA, if you’re taking a distribution before age 59 ½, you’ll have to pay an additional 10 percent penalty on the withdrawal. That’s on top of the taxes on the ...
The HCD has administered CDBG program for non-entitlement cities and counties (cities and counties under a specified population level that do not automatically receive CDBG funds directly from the federal government) since 1983, and administers HOME funding for cities and counties that do not receive HOME allocations directly from the federal ...