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Community Development Block Grant

Program (?) Community Development Block Grant
Abbreviation CDBG
Program Description

The Community Development Block Grant (CDBG) program is a federal grant distributed to localities to fund neighborhood redevelopment, economic development, and community services. Eligible uses include acquisition, rehabilitation, or demolition of real estate. Any central city of an MSA, local government of over 50,000 people, or urban counties with at least 200,000 people automatically qualifies for formula-based funds from HUD. The formula allocation for CDBG funds is based on poverty levels, population, growth lag, overcrowding in housing, and the age of housing. Once receiving funding, the recipient must ensure that at least 70 percent of all funds are used for people with low or moderate incomes. NYS HCR oversees the distribution of a state-wide CDBG program, while the City of New York receives a direct allocation from HUD. About 60 percent of the City’s allocation is used by HPD for housing services.

Benefit Classification (?)  
Supply or Demand Supply, Demand
One-Time or Ongoing One-Time
Benefit Type (?) Financing, Grant
Government Agency (?) US Dept of Housing and Urban Development
Program Information (?)  
Scale Very Large Scale (over 10,000 units produced)
Timeframe 1974-Present
Developer/Owners (?) For-Profit, Non-Profit, Government
Property Information (?)  
Property Occupancy Occupied, Vacant
Property Type Land, Building
Building Type Multi-family, One- to Four-family
Construction Type Rehabilitation, New Construction, Demolition
Occupant Tenure (?) Rental, Homeownership
Occupant Income Restrictions (?) Low-Income, Moderate-Income
More Information NYS HCR
Available on CoreData.nyc? No

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