My city is in the process of creating a microenterprise loan and grant program application. The program’s National Objective is Low Mod Limited Clientele. Do we use an applicant’s family or household income to determine if they qualify for a loan or grant?
Date Published: May 2015
A microenterprise assistance activity (under 570.201(o) of the CDBG regulations) would meet the low/moderate income limited clientele national objective if the owner of the microenterprise is low-and moderate income. In the CDBG program, you would collect family income, based on the size of the family.