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In 2017 with the continued partnership of our client communities, NDC will work on the following Public Policy and Advocacy Priorities

 

♦ HUD Section 108

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The Section 108 Program allows grantees of the Community Development Block Grant (CDBG) Program to borrow Federally-guaranteed funds for community development purposes. Section 108 borrowers obtain up to five times the amount of their annual CDBG grants by pledging to repay Section 108 loans with future CDBG grants in the event of a  default. Section 108 thus enables grantees to undertake substantially larger community development projects than CDBG grants alone would support. Go to NDC Technical Assistance

♦ Community Development Block Grant Program

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The Community Development Block Grant (CDBG) Program grows local economies and improves the quality of lives for low- and moderate-income citizens. CDBG provides direct formula grants to nearly 1,200 State and local governments to provide decent housing, a suitable living environment, and economic opportunities within their communities.  Communities use CDBG to respond to current and emerging community development needs, including the creation of jobs, development of affordable housing, improvement of existing housing stock, the delivery of vital services, and the development of important infrastructure improvements. Go to NDC Technical Assistance

♦ Community Development Financial Institutions Fund

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The Community Development Financial Institutions (CDFI) Fund was established within the U.S. Department of Treasury in 1994 to promote community development in economically distressed urban and rural communities by investing in and growing Community Development Financial Institutions (CDFIs) across the country. There are currently well over 1,000 Treasury certified CDFIs. Go to NDC Technical Assistance

♦ Small Business Administration Guaranteed Lending

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Since its founding in 1953, the Small Business Administration provided access to capital, contracting and counseling for thousands of entrepreneurs. Go to NDC Small Business Lending

♦ Rural Housing

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Renters in rural areas are among the worst housed individuals and families in the country (American Housing Survey, 2011). Thirty-five percent of rural renters are cost-burdened, paying more than 30% of their income for housing costs. Almost one million rural renter households suffer from multiple housing problems, 60% of whom pay more than 70% of their income for housing. The preservation of affordable rental housing in rural areas is another crucial issue that needs to be addressed. Go to NDC Affordable Housing Page

♦ New Markets Tax Credit (NMTC)

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The NMTC was authorized in the Community Renewal Tax Relief Act of 2000 (PL 106-554), as part of a bipartisan effort to stimulate investment and economic growth in low income urban neighborhoods and rural communities that lack access to the patient capital needed to support and grow businesses, create jobs, and sustain healthy local economies. Go to NDC NMTC Page

 

Resources


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June 13, 2017 The Changing Landscape in Washington Webinar Series...Read More
June 2, 2017 Trump FY18 Budget Proposals: Impacts on Community Economic Development and Next Steps...Read More

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