ABSTRACT

Community Development Block Grants: Funding Issues in the 113th Congress [March 11, 2015]   [open pdf - 350KB]

"On March 4, 2014, the Obama Administration released its FY2015 budget request, which included $2.870 billion for activities under the Community Development Fund (CDF) administered by the Department of Housing and Urban Development (HUD), including $2.8 billion for formula grants. On June 5, 2014, the Senate Appropriations Committee reported S. 2438, its version of the Departments of Transportation, and Housing and Urban Development, and Independent Agencies Appropriations Bill for FY2015 (THUD), which recommended $3.090 billion for activities funded under the Community Development Fund (CDF) account, including $3.020 billion for Community Development Block Grant (CDBG) formula grants. On June 10, 2014, the House approved its version of the THUD bill for FY2015, H.R. 4745, which recommended $3.060 billion for CDF activities, including $3.0 billion for CDBG formula grants. On December 16, 2014, the President signed into law the Consolidated and Further Continuing Appropriations Act of FY2015 (P.L. [Public Law] 113-235), which included $3.066 billion for the CDBG program and a $500 million loan commitment ceiling for the CDBG Section 108 loan guarantee program. 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, including $3.030 billion for formula allocations to CDBG entitlement communities, states, and insular areas. The act also appropriated $70 million in competitively awarded funds to Indian tribes and converted Section 108 loan guarantees to a fee-based program."

Report Number:
CRS Report for Congress, R43208
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Publisher:
Date:
2015-03-11
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Copyright:
Public Domain
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pdf
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application/pdf
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