Get the free CDBG Financing Application - dhcd dc

This document serves as an application cover page and detailed form for organizations seeking funding through the Community Development Block Grant (CDBG) program from the District of Columbia Department

How to fill out cdbg financing application

How to fill out CDBG Financing Application

1. Gather all necessary documentation, including financial statements and project plans.
2. Review the CDBG program guidelines to ensure eligibility.
3. Complete the application form, providing detailed project information and budget estimates.
4. Describe how the project meets CDBG objectives, including benefits to low- and moderate-income households.
5. Include letters of support and any additional required exhibits.
6. Submit the completed application to the appropriate local government office before the deadline.

Who needs CDBG Financing Application?

1. Local governments seeking funding for community development projects.
2. Non-profit organizations working on initiatives that benefit low- and moderate-income individuals.
3. Private developers engaged in affordable housing projects.
4. Community groups looking to improve public facilities or infrastructure.

People Also Ask about

Do you have to pay back a CDBG grant after?

If CDBG funds are spent, but the project is not finished within a reasonable period of time, HUD will determine that no National Objective was met and will require that all funds expended be repaid out of non-federal dollars.

Do you have to pay back a CDBG grant?

If the grantee holds title to the property, it must continue to meet a national objective in perpetuity or be sold for current market value, with the proceeds being CDBG program income. If the new use can meet a national objective, no repayment would be required.

What is the CDBG proposed rule?

The proposed rule will incentivize transformative investments in underserved communities through eligible housing, community development, public service, and economic development activities.

Who is eligible for the Community Services Block Grant?

II. § 9901 et seq., to be eligible for CSBG services, clients must be at or below 100% of the federal poverty line as determined by the federal Office of Management and Budget (OMB) based on the most recent federal Census data and as revised annually (or more frequently) by HHS.

Can CDBG loans be forgiven?

If the grantee awards CDBG homeownership assistance as a loan, can it be forgivable? Yes. A grantee may require the homeowner to remain in the unit for a selected period after it is purchased. If the homeowner does so, the balance of the loan is forgiven.

Are CDBG grants federal?

What is a Community Development Block Grant (CDBG)? The Community Development Block Grant is a federally funded grant program administered by the U.S. Department of Housing and Urban Development (HUD), aimed to assist low to moderate-income communities in community development projects.

What does CDBG mean for dummies?

Community Development Block Grant. The Community Development Block Grant (CDBG) Program supports community development activities to build stronger and more resilient communities.

What is CDBG program income?

Under the CDBG Program, funds received back to the municipality as a result of a CDBG-funded activity are generally referred to as program income. Program income funds retain their federal identity in perpetuity and are subject to all federal requirements.

For pdfFiller’s FAQs

What is CDBG Financing Application?

The CDBG Financing Application is a formal request submitted by governments or agencies to obtain funding from the Community Development Block Grant (CDBG) program, which supports community development and housing projects.

Who is required to file CDBG Financing Application?

Entities such as local governments, community organizations, and non-profit agencies that seek funding for community development projects or activities from the CDBG program are required to file the application.

How to fill out CDBG Financing Application?

To fill out the CDBG Financing Application, follow the guidelines provided by the funding agency, gather all necessary information and documentation, complete the application form accurately, and submit it by the specified deadline.

What is the purpose of CDBG Financing Application?

The purpose of the CDBG Financing Application is to facilitate the allocation of federal funds to projects that aim to improve housing, support economic development, and enhance community facilities in low to moderate-income areas.

What information must be reported on CDBG Financing Application?

The CDBG Financing Application typically requires information such as project descriptions, budget details, community impact assessments, data on target populations served, and compliance with federal regulations.