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What is the Community Development Block Grant (CDBG) and what is its the purpose?

April 26, 2017block cdbg Development purpose

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What is the Community Development Block Grant (CDBG) and what is its the purpose?

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CDBG is a federal program that provides annual grants on a formula basis to entitled cities and counties to develop viable urban communities by providing decent housing and suitable living environment, and by expanding economic opportunites, principally for low- and moderate-income persons.