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Thread: CDBG cut by 11%

  1. #1

    CDBG cut by 11%

    http://blogs.planning.org/policy/201...ons-agreement/

    The Community Development Block Grant program was reduced by 11 percent for a total funding level for FY 2012 of $2.98 billion, which is a 25 percent cut in just two years. The funding level is slightly higher than the $2.85 billion proposed by the Senate bill, but is sharply lower than the $3.5 billion proposed by the House. In a victory for local governments, the agreement does not include language from the House bill that would have reduced the CDBG cap on administration and planning expenses from its current level of 20 percent to 10 percent. A reduction of the cap would have had a major impact on local planning budgets.

  2. #2
    Cyburbian fringe's avatar
    Registered
    Aug 2008
    Location
    Comer, GA
    Posts
    570
    Ironically in GA the state has sought a waiver froma requirement that insurance companies limit themselves to 30% of premiums income for their admin.

    I had the pleasure for a number of years of directing some CDBG money to the rehab of owner occupied dwellings.

    I made sure to remind applicants during my inspection visits that the best thing about the program was the direction of government money towards fixing ordinary peoples' houses instead of buying bullets and bombs.
    Last edited by fringe; 18 Nov 2011 at 8:26 PM. Reason: sp

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