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First, let’s define program income. Program income means gross income that is directly generated from a CDBG-funded activity. Program Income may flow back to the Entitlement community or its subrecipients. Program income is subject to the CDBG rules in perpetuity. Some examples of Program Income include: and.
This chapter provides an overview of all of the requirements applicable to the financial management of the CDBG Program. Administrative and planning costs including those costs that are eligible under other categories of eligibility will be covered.
This chapter provides a general overview of the Community Development Block Grant Program, including a brief synopsis of the history of the program, a summary of the objectives of the program and a summary of the process for implementing CDBG activities.
Description. This CDBG memorandum provides HUD guidance on CDBG program income. Resource Links. CDBG Memorandum: CDBG Program Income (PDF) Tags: CDBG Colonias CDBG HUD Administered CDBG Insular Areas CDBG State. HUD Approved.
Program Income Defined. ‘’Program income'' is defined as gross income generated from the use of CDBG-DR or CDBG-MIT funds received by a State, local government, or a subrecipient of a State or local government. Program income includes funds in excess of $35,000 received in a single year.
When full income determination and documentation is required, there are two different definitions of income available to CDBG-CV grantees, one of which must be chosen for each program administered and used consistently across beneficiaries served: In Part 5 (Section 8) - 24 CFR 5.609, annual income is defined. For all programs within the Office ...
Two of the most important programs are the HOME Investment Partnerships Program (HOME) and the Community Development Block Grant (CDBG) Program. Both HOME and CDBG are important resources in the local development of homes and communities.
