Transcription of HOME and CDBG Guidebook - HUD Exchange
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HOME and CDBG Guidebook - HUD Exchange
Foreword One of the major priorities of the Department of Housing and Urban Development (HUD) is the creation of affordable housing. The Department administers several Federal programs that assist state and local governments, as well as nonprofits and other partners, to develop affordable homeownership and rental units for low-income households. Two of the most important programs are the home Investment Partnerships Program ( home ) and the Community Development Block Grant ( cdbg ) Program. Both home and cdbg are important resources in the local development of homes and communities. While sharing similar goals related to improving the living conditions of low-income families, each program differs in its eligible activities and requirements. In addition, there is a tremendous need for affordable housing in many communities and these needs often exceed available resources. So, it is important that state and local governments make strategic decisions about how to spend their home and cdbg funds.
sources, while working within the limitations and regulations of both programs. HOME and CDBG: Working Together to Create Affordable Housing. is the community development professional’s guide to using HOME and CDBG funds for affordable housing activities as strategically as possible. This model program guide begins by outlining how HOME
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