The Community Development Block Grant (CDBG) program is a federal program that provides annual grants on a formula basis to entitlement communities, such as Sioux Falls. The grant is to be used to develop viable urban communities by providing decent housing and a suitable living environment, and by expanding economic opportunities, principally for low- and moderate-income persons.
CDBG funds may be used for activities that include, but are no limited to:
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Rehabilitation of residential structures.
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Construction or rehabilitation of public facilities and improvements.
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Public service activities.
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Acquisition of real property.
Community Development will receive $816,097 of CDBG funds from the federal government in 2008. Program income receipts in 2008 are anticipated to be approximately $300,000. In addition, $346,585.35 of 2007 carryover funds will be utilized in 2008.
