The CDBG Program provides annual grants on a formula basis to states and local governments, to be used for economic and community development, principally for low- and moderate-income persons.
The CPD Office oversees HUD Community Development Block Grants (CDBG) to cities, counties, and states; the HOME affordable housing program; and programs to help end homelessness and promote economic revitalization.
Section 108 offers state and local governments the ability to transform a small portion of their CDBG funds into federally guaranteed loans large enough to pursue physical and economic revitalization projects.
