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CDBGDR Local Voluntary Buyout Program REAL ESTATE OFFER AND PURCHASE AGREEMENTTO: ___ herein designated as the Seller.The Village/City of , a municipal corporation of the State of Missouri (hereinafter
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Community Development Block Grants (CDBG) are federal funds provided to local governments to support the development of viable urban communities by providing decent housing, a suitable living environment, and expanding economic opportunities, primarily for low- and moderate-income individuals.
Entities such as local government officials and agencies that administer CDBG funds are required to file reports regarding their use of the funds. These include cities, towns, and counties that receive CDBG funding directly from the U.S. Department of Housing and Urban Development (HUD).
Filling out the CDBG application typically involves identifying community needs, outlining proposed projects, providing budget estimates, and describing how the project will benefit low- and moderate-income persons. Guidance and templates are usually provided by HUD.
The purpose of CDBG is to promote community development activities that benefit low- and moderate-income individuals, prevent slums and blight, and meet urgent community development needs.
Reporting on CDBG typically includes project performance, financial expenditure reports, demographic information, and the outcomes of funded activities, demonstrating how they benefitted the target populations.
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