ABSTRACT

Community Development Block Grants: Funding Issues in the 112th Congress and Recent Funding History [May 1, 2012]   [open pdf - 433KB]

From the Summary: "The FY2013 budget debate will take place within the context of growing concerns about the need to address federal budget deficits, the national debt, and a sluggish economic recovery following the longest and deepest recession since the Great Depression. The Obama Administration and the 112th Congress will continue to consider and debate a number of approaches to spur economic activity and job growth, including federal public works and community and economic development programs. On February 13, 2012, the President released the Administration's proposed federal budget for FY2013. The Administration's budget proposal includes $3.143 billion for activities funded under the Department of Housing and Urban Development's (HUD) Community Development Fund (CDF) account. This includes $2.948 billion for Community Development Block Grant (CDBG) formula grants awarded to states, entitlement communities, and insular areas; and $60 million for Indian tribes. The Administration is also requesting $100 million for its Sustainable Communities Initiative (SCI), which did not receive an appropriation for FY2012, and $35 million for capacity-building grants awarded to three national intermediaries to provide technical assistance to local community development organizations. In addition, the President's budget request included $500 million in CDBG Section 108 loan guarantee authority to support large scale housing and economic development activities. The FY2013 budget will be the third appropriations cycle undertaken during the 112th Congress."

Report Number:
CRS Report for Congress, R41754
Author:
Publisher:
Date:
2012-05-01
Series:
Copyright:
Public Domain
Retrieved From:
Via E-mail
Format:
pdf
Media Type:
application/pdf
URL:
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