{"id":38487,"date":"2024-01-16T16:00:00","date_gmt":"2024-01-16T16:00:00","guid":{"rendered":"https:\/\/www.nahro.org\/news\/hud-releases-proposed-rule-to-revise-cdbg-and-section-108-program-regulations\/"},"modified":"2024-01-16T16:00:00","modified_gmt":"2024-01-16T16:00:00","slug":"hud-releases-proposed-rule-to-revise-cdbg-and-section-108-program-regulations","status":"publish","type":"news","link":"https:\/\/www.nahro.org\/news\/hud-releases-proposed-rule-to-revise-cdbg-and-section-108-program-regulations\/","title":{"rendered":"HUD Releases Proposed Rule to Revise CDBG and Section 108 Program Regulations"},"content":{"rendered":"
On January 10, HUD published a proposed rule that would revise the Community Development Block Grant (CDBG) and related Section 108 loan guarantee program regulations. <\/p>\n
Proposed changes will not have any impact on the allocation of CDBG funds among recipients. Additionally, HUD asks for comments to 11 questions provided within the proposed rule.<\/p>\n
Comments to the proposed rule are due by March 11, 2024<\/strong> and can be submitted here<\/strong><\/a>.<\/p>\n According to HUD, the proposed rule is meant “to provide authority that would allow CDBG grantees and Section 108 borrowers to implement funding more effectively and efficiently in their communities.” In addition, HUD believes the proposed changes would enhance the goals of the CDBG program to benefit low- and moderate-income (LMI) persons and remove obstacles that prevent it’s effectiveness. <\/p>\n The proposed rule would make some of the following changes and updates:<\/p>\n For more information, see the proposed rule<\/a> or the February edition of The NAHRO Monitor<\/a><\/em>.<\/p>\n<\/p><\/p>\n","protected":false},"excerpt":{"rendered":" On January 10, HUD published a proposed rule that would revise the Community Development Block Grant (CDBG) and related Section 108 loan guarantee program regulations. Proposed changes will not have any impact on the allocation of CDBG funds among recipients. Additionally, HUD asks for comments to 11 questions provided within the proposed rule. Comments to … Continue reading HUD Releases Proposed Rule to Revise CDBG and Section 108 Program Regulations<\/span><\/a><\/p>\n","protected":false},"featured_media":0,"template":"","categories":[24],"tags":[],"news_type":[646,113],"class_list":["post-38487","news","type-news","status-publish","hentry","category-affordable-housing","news_type-blog-news","news_type-direct-news"],"yoast_head":"\n\n