The Community Development Block Grant (CDBG) Program provides annual grants on a formula basis to states, cities, and counties to develop viable urban communities by providing decent housing and a suitable living environment, and by expanding economic opportunities, principally for low- … He also has testified before Congress and federal bank regulators several times on CRA and related bank regulatory and public policy issues and has written numerous articles and two books on CRA. Community Development Fund Advisors, LLC is the registered investment adviser to The Community Development Fund, a market-rate bond fund that invests in high credit quality fixed income securities whose proceeds are designed to positively impact community development … 5306). The Community Development Block Grant (CDBG), one of the longest-running programs of the U.S. Department of Housing and Urban Development, funds local community development activities with the stated goal of providing affordable housing, anti-poverty programs, and infrastructure development.CDBG, like other block grant programs, differ from categorical grants, made for specific … The Nixon administration pursued changes that would allow for funding to be delivered with fewer strings attached under broader "block" grants. Prior to joining MetLife he traded commercial Mortgage-Backed Securities (MBS) at Logan Circle Partners LP, which was acquired by MetLife and also Delaware Investments.
Information in a CRS Report should not be relied upon for purposes other than public understanding of information that has been provided by CRS to Members of Congress in connection with CRS’s institutional role. These programs utilize federal funding from the Community Development Block Grant (CDBG) program, the HOME Investment Partnerships Program (HOME), the Emergency Solutions Grant (ESG), … He has a Ph.D in Business and Applied Economics and an M.A. Community development activities build stronger and more resilient communities. degree in finance from Pennsylvania State University and an M.B.A. from Temple University.1701 Market Street, Philadelphia, Pennsylvania 191036255 Chapman Field Drive, Miami, Florida 33156MetLife Investment Management, LLC But community development, whether urban or rural, is not something that the federal government ought to be involved in.With all the new federal subsidy programs came a blanket of regulations on the activities of state and local governments. 6255 Chapman Field Drive, Miami, Florida 33156 Mr. Hendrickson received a B.S. It operates solely at the behest of and under the direction of Congress. When local funds are used for local projects, local officials have an interest in ensuring that the benefits of public projects outweigh the costs. However, as a CRS Report may include copyrighted images or material from a third party, you may need to obtain the permission of the copyright holder if you wish to copy or otherwise use copyrighted material. Unfortunately, few members of Congress have shown any interest in cutting the program or even conducting oversight. He has more than 20 years of investment experience.