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It is the largest Federal block grant to states and local governments designed exclusively to create affordable housing for low-income families, providing approximately US$2 billion each year. [ 2 ] The program is commonly referred to as the Home Investment or Home Partnership Program, and is often operating in conjunction with other housing ...
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 Community Services Block Grant (CSBG) provides federal funding for Community Action Agencies (CAAs) and other programs that seek to address poverty at the community level. Like other block grants, CSBG funds are allocated to the states and other jurisdictions (including tribes, the District of Columbia, the Commonwealth of Puerto Rico, and ...
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Rather than buy a house, Cardone says you should rent where you live and use the money you've saved for a down payment to instead invest in real estate that generates passive income.
It has a road map to elimination, sending block grants to states and redistributing major federal funding to other agencies, but it needs 60 votes in the Senate to pass and then be signed into law.
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.
A massive real estate correction can be devastating to property owners who’ve already been grappling with higher mortgage payments as a result of the U.S. Federal Reserve’s aggressive interest ...