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Housing and Community Development Act of 1974

Date Published: January 1999

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Description

These links contain the Housing and Community Development (HCD) Act of 1974. When Congress passed the HCD Act of 1974, it broke down the barriers of prevailing practice - where under separate categorical programs, the Federal Government had made the decisions about every community development project undertaken by cities. The HCD Act departed from this model by creating the CDBG program. CDBG merged 7 categorical programs into a block of flexible community development funds distributed each year by a formula that considers population and measures of distress including poverty, age of housing, housing overcrowding, and growth lag. Grantees now determine what activities they will fund as long as certain requirements are met, including that each activity is eligible and will meet one of the three broad national objectives of the program.

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Tags: Program Administration - Policies and Procedures Program Requirements - Eligible Activities/Uses Program Requirements - Eligible Applicants Program Requirements - Eligible Costs Program Requirements - Eligible Forms of Subsidy Program Requirements - Eligible Loan Terms Program Requirements - National Objectives Program Requirements - Participant Eligibility
Author Organization
  • HUD
Resource Approver
  • HUD Approved