ABSTRACT

Community Development Block Grants: Funding Issues in the 113th Congress [March 20, 2014]   [open pdf - 338KB]

"On March 4, 2014, the Obama Administration released its FY2015 budget request which includes $2.870 billion for activities under the Community Development Fund (CDF) administered by the Department of Housing and Urban Development (HUD). Of the amount requested for CDF activities $2.800 billion is requested for formula-based Community Development Block Grants (CDBG) to be allocated to eligible entitlement communities, states, and insular areas; and $70 million is requested for CDBG competitively awarded funds to Indian tribes. On January 17, 2014, President Obama signed the Consolidated Appropriations Act for FY2014, P.L. 113-76, which included $3.100 billion in funding for the CDF. Of the total amount appropriated for CDF activities $3.030 billion is appropriated for formula-based Community Development Block Grants (CDBG) to be allocated to CDBG entitlement communities, states, and insular areas. The act also appropriated $70 million in CDBG competitively awarded funds to Indian tribes and converted Section 108 loan guarantees from a federal credit subsidy to a feebased program. On July 30, 2013, the House began floor consideration of H.R. 2610, a bill that would have appropriated funds for the Departments of Transportation and Housing and Urban Development and Related Agencies for FY2014 (THUD). On July 31, 2013, the Senate began consideration of S. 1243, its version of the THUD Appropriations Act for FY2014. The bill, which was reported by the Senate Appropriations Committee on July 27, 2013 (S.Rept. 113-45), recommended $3.295 billion for activities funded under the CDF account."

Report Number:
CRS Report for Congress, R43208
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Publisher:
Date:
2014-03-20
Series:
Copyright:
Public Domain
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Via E-mail
Format:
pdf
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application/pdf
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