CDBG Entitlement FAQ
Q

What does "financing the acquisition of housing occupied by the homebuyers" mean in the CDBG program?

Date Published: March 2019

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A

Some households rent a condominium, townhouse, or single unit structure with the option of purchasing it. They may not be ready to purchase when moving in but may be ready in a year or so to begin the homebuying process. The grantee may use CDBG funds to make a loan to the individual or household to purchase the unit they occupy.


Tags: CDBG Entitlement Program Homebuyer Assistance

FAQ ID:

3596