Reading PA:What determines if a project is eligible for CDBG funding?
From PublicStuff Knowledge Base
· Every project must (a) be eligible within program regulations and (b) meet one of the national objectives.
· In addition, the project should address one of the Priority Needs that are established in the 5‐Year Consolidated Plan.
· 70% of all funding must satisfy the Provide a Benefit to Low and Moderate‐Income Persons national objective.
· A project benefits low‐mod persons if at least 51% of the persons or households that benefit from the project have an annual income that is at or below 80% of the Area Median Income (AMI).
· Different types of projects have specific requirements and may have funding limits. These are discussed in detail below.