- CPD Notices
Date Published: December 2017
This Notice is to provide guidance to Entitlement and State grantees on the requirements governing lump sum drawdowns and revolving loan funds in Section 104(h) of the Housing and Community Development Act (HCDA) and 24 CFR 570.513. HUD permits grantees to draw Community Development Block Grant (CDBG) funds in a lump sum to establish a rehabilitation fund in one or more private financial institutions to finance rehabilitation activities.