COMMUNITY DEVELOPMENT BLOCK GRANT PROGRAM (CDBG)

What is COMMUNITY DEVELOPMENT BLOCK GRANT PROGRAM (CDBG)?

COMMUNITY DEVELOPMENT BLOCK GRANT PROGRAM (CDBG) meaning in Urban terms is Created under the Housing and Community Development Act of 1974, this program provides grant funds to local and state governments to develop viable urban communities by providing decent housing with a suitable living environment and expanding economic opportunities to assist low- and moderate-income residents. CDBG replaced several categorical grant programs, such as the Model Cities program, the Urban Renewal program, and the Housing Rehabilitation Loan and Grant program.

 

reference: Glossary of HUD Terms | US Department of Housing and Urban Development

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