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Committee advances CDBG reprogramming to close out Section 108 loan portfolio
Summary
The committee voted to send a reprogramming amendment for Community Development Block Grant (CDBG) funds to formal consideration; city officials said the move will help meet HUD timeliness rules and repay remaining Section 108 loans so more CDBG dollars can support local programs.
Detroit’s Planning and Economic Development Committee voted to send a reprogramming amendment for Community Development Block Grant funds to formal consideration, a measure city officials said will meet federal timeliness requirements and finish repayment of remaining Section 108 loans.
The reprogramming would shift unused CDBG dollars to cover upcoming Section 108 debt service and to support affordable housing and a recovery housing project, freeing future CDBG allocations for direct resident services. Julie Schneider, director of the Housing and Revitalization Department, said the…
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