Oregon
Rule Rule 123-080-0000
Purpose


The Oregon Business Development Department (Department) through its Infrastructure Finance Authortiy (Authority) shall administer the states participation in the federal Community Development Block Grant funding program authorized by 42 United States Code 5301 et. seq.

(2)

Oregon Community Development Block Grants (OCDBG) are funded by annual allocations to the state from the U.S. Department of Housing and Urban Development (HUD) and program income generated by the grants. The primary objective of the federal community development block grant program is "...the development of viable urban communities, by providing decent housing and a suitable living environment and expanding economic opportunities, principally for persons of low and moderate income..." (Title I, Sec. 101(c), Housing and Community Development Act of 1974, as amended (42 United States Code 5301 et seq.)). The primary objective of Oregons Community Development Block Grant program is to enhance the quality of life in Oregon communities.
Source
Last accessed
Dec. 7, 2019