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CDBG Public Works Application National Objective Form
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People also ask
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What is a CDBG national objective?
Each activity, except planning and administrative activities, must meet one of the CDBG program's three broad National Objectives: 1. Benefit low- and moderate-income persons, 2. Aid in the prevention or elimination of slums or blight, or 3. Meet community development needs having a particular urgency.
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What is CDBG program income?
Under the CDBG Program, funds received back to the municipality as a result of a CDBG-funded activity are generally referred to as program income. Program income funds retain their federal identity in perpetuity and are subject to all federal requirements.
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What does CDBG mean for dummies?
Community Development Block Grant Program (CDBG) CDBG partners with rural cities and counties to improve the lives of their low- and moderate-income residents through the creation and expansion of community and economic development opportunities in support of livable communities.
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What is the LMI benefit national objective?
The LMI National Objective is often referred to as the primary National Objective as HUD regulations require that States expend at least 70 percent of their CDBG funds on activities that benefit low- and moderate-income people as defined below.
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What is the LMI benefit national objective?
The LMI National Objective is often referred to as the primary National Objective as HUD regulations require that States expend at least 70 percent of their CDBG funds on activities that benefit low- and moderate-income people as defined below.
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What is a national objective?
National Objective means the specific goals and purposes of this project set forth in Attachment A of the Grant Agreement.
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What is a national objective?
National Objective means the specific goals and purposes of this project set forth in Attachment A of the Grant Agreement.
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What is the standard to meet the national objective for lmi job creation retention?
To qualify under the LMI Area Benefit National Objective, the service area for downtown or commercial area revitalization projects must be primarily residential in nature and have at least 51% low and moderate income residents. These types of projects may also qualify as LMI Job Creation/Retention.
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