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CDBG Economic Development Toolkit 

Date Published: April 2020

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Description

This Toolkit provides guidance on the effective use of Community Development Block Grant (CDBG) funds for financing eligible economic development projects, including microenterprise and small business development, large-scale commercial and industrial development, and job creation, job retention, and job training activities. 

It discusses the basics of financial underwriting and application of HUD’s public benefit standards. It explores a variety of economic development financing methods, including Section 108 Loan Guarantee Program financing, with regard to the application and approval process, collateral and debt coverage requirements, and companion grant programs.

Note: In April 2020, HUD updated the guidance for the microenterprise development portion of the Economic Development Toolkit Manual. For communities seeking information about microenterprise development, please refer to the "Microenterprise Assistance Toolkit" in the resource links.

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Tags: CDBG Colonias CDBG Entitlement CDBG HUD Administered CDBG Insular Areas CDBG State Section 108
Author Organization
  • HUD
Resource Approver
  • HUD Approved