Community Development Block Grants (CDBG)
The Community Development Block Grant program is an entitlement grant program where federal dollars are issued to each of the respective states based on a formula set by HUD. States then allocate the funds to eligible projects either through a grant or loan program. Additionally some larger cities receive direct CDBG allocations for their use from the individual states. Entitlement Cities receive a direct allocation from HUD.
Eligible grantees are as follows:
As a real estate investor or developer, you can use the CDBG program to fill gaps in your pro-forma, acquire properties, and rehab properties.
To find out more about how you can use CDBG and other government programs for your deals, pick up a copy of Government Deal Funding for Real Estate Investors and Developers.
Eligible grantees are as follows:
- principal cities of Metropolitan Statistical Areas (MSAs);
- other metropolitan cities with populations of at least 50,000; and
- qualified urban counties with populations of at least 200,000 (excluding the population of entitled cities) are entitled to receive annual grants.
As a real estate investor or developer, you can use the CDBG program to fill gaps in your pro-forma, acquire properties, and rehab properties.
To find out more about how you can use CDBG and other government programs for your deals, pick up a copy of Government Deal Funding for Real Estate Investors and Developers.
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