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APPENDIX M2 CDBG ED Cdbged Mt Form

APPENDIX M2 CDBG ED Cdbged Mt Form

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welcome to the US Department of Housing and Urban development's presentation entitled smart management of program income CDBG grantees face challenges of limited funds and increasing need but certain activities can generate program income extending grantees CDBG dollars further grantees can pay for future CDBG activities using program income it can also increase amounts available for public services planning and administration commonly grantees generate program income by loaning CDBG funds for property acquisition housing rehabilitation downpayment assistance or economic development assistance when beneficiaries repay these loans the money returned is called program income though beneficial program income can be a little complex to manage so grantee staff need to follow the rules carefully and set up systems to track and manage it many program income rules and requirements are common to both the entitlement and state CDBG programs but not always in this presentation we give you

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