Why Washington Should Invest in Community Development Block Grants

Wednesday, July 31st, 2019
The Department of Housing and Urban Development reports that for every $1 federal investment through Community Development Block Grants (CDBG) another $4.09 in private and public funds are leveraged. These leveraged funds allow communities to make large investments in LMI neighborhoods, where public services, affordable housing, and economic development are needed the most. Typically, states, counties, and municipalities distribute CDBG awards to local partners, who they collaborate with on the Consolidated Plan. Then, in coordination, the groups invest in development projects. Therefore, CDBG effectively acts as the catalyst for investment in at risk LMI areas that may otherwise not receive any substantial funding. Follow this link to read more. Sourced from: Cities Speak