Press Release
☷HUD Publishes Proposed Rule to Promote Economic Development in Underserved Communities
U.S. Department of Housing and Urban Development ( By Press Release office)
Jan 12,2024
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HUD has put out a Notice of Proposed Rulemaking to update the regulations for the CDBG and ICDBG programs . The goal is to make it easier for underserved communities to access funding for economic and community development . The proposed rule would simplify program requirements and allow for larger projects like housing rehabilitation and infrastructure improvements . HUD Secretary Marcia L . Fudge said that these changes would reduce burden on grantees and help funding reach communities faster . The updates would also make it easier for states and localities to use funding for underserved areas . The proposed rule would be the first major update to the CDBG regulations since 1995 and aims to improve data collection to measure program effectiveness . CDBG is a program that gives funding to all 50 states and over 1 , 200 localities , mainly helping people with lower incomes . ICDBG is a competitive grant program for Tribes . If you want more information about CDBG , check out www . hud . gov/program_offices/comm_planning/cdbg . And for ICDBG info , go to https://www . hud . gov/program_offices/public_indian_housing/ih/grants/icdbg . To read the full proposed rule , you can find HUD ' s Notice of Proposed Rulemaking on the Community Development Block Grant Program and Indian CDBG Rule here .
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