How does the Community Development Block Grant (CDBG) program assist local communities?

The Community Development Block Grant (CDBG) program is designed to provide funding to local communities for a variety of development activities. This includes initiatives related to housing, infrastructure, and economic development that primarily benefit low- and moderate-income individuals or areas. The flexibility of CDBG funding allows communities to choose how best to address their specific needs, whether it's through improving public facilities, expanding affordable housing, or promoting economic opportunities.

This broad range of eligible activities distinguishes the program. While options like low-interest loans, tax credits, or housing price regulations might provide targeted assistance, they do not encompass the comprehensive community development approach that CDBG supports. Thus, funding that can be directed to multiple facets of community improvement makes it a pivotal resource for enhancing the quality of life in local areas.